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Bounty opens a new Liberia oil frontier with major milestones still ahead
11:32am on Tuesday 27th of October, 2026 AEDT
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Oil and Gas
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Bounty opens a new Liberia oil frontier with major milestones still ahead
11:32am on Tuesday 27th of October, 2026 AEDT
Key Points
Conditional acquisition of PetroQuest and exclusive negotiation rights over Liberia’s LB-32 block
$3.5 million placement, with $2.09 million raised in the first tranche
Up to 1.95 billion shares and performance securities form part of the consideration
LB-32 remains subject to PSC negotiations, parliamentary approval and independent resource work
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