BPH Energy and Bounty Oil & Gas have concluded their Federal Court hearing challenging the refusal to extend the PEP 11 permit, with the court's decision now pending.
- Federal Court hearing held on 20 and 23 February 2026
- Judicial review challenges Joint Authority's refusal of PEP 11 extension
- Submissions and affidavits presented before Justice Jackson
- Decision reserved for a future date
- Potential impact on BPH Energy and Bounty Oil & Gas exploration activities
Background to the Dispute
BPH Energy Limited, through its subsidiary Asset Energy Pty Limited, alongside Bounty Oil & Gas NL, has been engaged in a legal battle over the extension of the PEP 11 exploration permit. The permit, critical to their offshore oil and gas exploration efforts, was refused extension by the Joint Authority, prompting the companies to seek judicial review.
The Federal Court Hearing
The hearing took place over two days, on the 20th and 23rd of February 2026, before the Honourable Mr Justice Jackson at the Federal Court in Sydney. Both parties submitted affidavits and agreed bundles of documents, with legal counsel providing detailed written and oral submissions. The process was thorough, reflecting the high stakes involved for both companies and the broader energy sector.
Implications of the Pending Decision
The court has reserved its decision, leaving the companies and investors in a state of anticipation. The outcome will determine whether BPH Energy and Bounty Oil & Gas can continue their exploration activities under the PEP 11 permit or face operational setbacks. Given the permit's significance, the ruling could have regulatory and financial repercussions, influencing future exploration strategies and market confidence.
Looking Ahead
While the companies await the court's verdict, the case highlights the complex regulatory environment surrounding offshore exploration in Australia. It also underscores the challenges energy companies face in securing and maintaining permits amid evolving governmental policies and environmental considerations.
Bottom Line?
The Federal Court's forthcoming decision will be pivotal for BPH Energy’s exploration ambitions and investor confidence.
Questions in the middle?
- When will the Federal Court announce its decision on the PEP 11 permit extension?
- How might a refusal impact BPH Energy’s operational plans and financial outlook?
- What precedent could this case set for future offshore exploration permit disputes?