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Bounty Oil & Gas NL (ASX:BUY)

ALERT: Price-sensitive ASX Announcement for BUY
Current share price for BUY : $0.019 0.017 (660%)+
Announcement
Release
30 Apr 2025 9:58AM
Price at Release
$0.003
Full Release
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Summary
Bounty Oil & Gas NL released its Quarterly Activities Report and Appendix 5B for the quarter ending 31 March 2024. The company reported ongoing activities across its permits and joint ventures, including oil production at the Ungani Oilfield, onshore exploration in the Cooper/Eromanga Basins, and progress on its Queensland Surat Basin projects. Bounty continued its focus on cost management, maintaining a strong balance sheet, and advancing strategic exploration and development programs. The report outlines financials, operational highlights, and upcoming exploration objectives, indicating a stable operational position and pursuit of new growth opportunities.
Key Points
  • Quarterly Activities Report covers operations and financials for the period ending 31 March 2024.
  • Continued production from Ungani Oilfield with joint venture partner Buru Energy.
  • Progress on exploration and development in the Cooper/Eromanga Basins.
  • Ongoing activities in the Queensland Surat Basin projects.
  • Emphasis on cost management and maintaining strong financial position.
  • Exploration activities planned for upcoming quarters.
  • No significant changes in issued capital during the quarter.
  • Appendix 5B details cash flow and financial summary.
  • Company actively seeking new growth opportunities and strategic partnerships.
  • No material environmental or safety incidents reported.
  • Board and management remain confident in the company’s medium to long-term outlook.
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.