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Bounty Oil and Gas Boosts Queensland Reserves, Raises $231K, Challenges PEP 11 Permit Denial
4:51am on Monday 2nd of June, 2025 AEST
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Energy
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Bounty Oil and Gas Boosts Queensland Reserves, Raises $231K, Challenges PEP 11 Permit Denial
4:51am on Monday 2nd of June, 2025 AEST
Key Points
Queensland oil reserves and contingent resources rise to 313,000 barrels
Oil production expected to grow from $1.1 million to over $2 million annually by 2026
Judicial review underway against Federal Government’s refusal to extend PEP 11 offshore permit
Completed pro rata entitlement offer raising approximately $231,000
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