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Bounty Oil & Gas NL (ASX:BUY)

ALERT: Price-sensitive ASX Announcement for BUY
Current share price for BUY : $0.018 0.005 (38.46%)+
Announcement
Release
3 Jul 2026 8:19AM
Price at Release
$0.013
Full Release
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Summary
BPH Energy Ltd announced that Advent Energy Limited, in which BPH holds an indirect interest through its 35.81% stake, will appeal a Federal Court judgment concerning Petroleum Exploration Permit PEP11. The appeal will be managed by Advent's subsidiary, Asset Energy Pty Ltd, which is the operator of the PEP11 Joint Venture. PEP11, located offshore near Newcastle, NSW, is considered a promising site for natural gas, potentially addressing the east coast gas supply shortfall. The joint venture comprises Asset Energy holding an 85% interest and Bounty Oil & Gas NL holding 15%. BPH will keep the market informed about the appeal in compliance with ASX Listing Rule 3.1.
Key Points
  • Advent Energy to appeal Federal Court judgment regarding PEP11.
  • PEP11 located offshore near Newcastle, NSW.
  • PEP11 is highly prospective for natural gas.
  • BPH holds an indirect interest in PEP11 through Advent Energy.
  • PEP11 Joint Venture includes Asset Energy and Bounty Oil & Gas NL.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.