Latest Deepwater Exploration News

Bounty Oil & Gas NL (ASX:BUY) has issued 174.26 million shares to raise $2.09 million for its proposed Liberia deepwater acquisition and related Block LB-32 work. A second tranche remains dependent on shareholder approval.

Bounty Oil & Gas NL (ASX:BUY) is pursuing a 2,322 km² deepwater exploration block offshore Liberia, backed by a $3.55 million placement and major vendor-linked securities. The opportunity remains conditional: the block has no executed production sharing contract, no independent resource estimate and has not yet been reviewed directly by Bounty.

Karoon Energy reported a 12% production dip in Q3 2025 due to operational challenges but saw a 3% revenue increase driven by higher oil prices and secured a new deepwater block in Brazil.