Past year: ▲ 167%(0.15c – 3.10c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
23 Sept 2025regulatory community update● Neutral
BPH Energy, Bounty's PEP 11 partner, reports Justice Jackson adjourned the 16 September hearing so he can hear it in NSW, and that the Court's orders and reasons are now published. No new date is given here, and no outcome.
23 Sept 2025regulatory community update● Neutral
Bounty repeats that the PEP 11 hearing was adjourned on 16 September to the Federal Court's Sydney registry, with orders and reasons now published. Duplicates the BPH release of the same day; no new substance.
17 Sept 2025price query● Neutral
Responding to an ASX query on heavy trading, Bounty says it knows of no unannounced information explaining it. It notes the PEP 11 hearing began 16 September and was adjourned to the Sydney registry before Justice Jackson.
18 Aug 2025admin correction● Neutral
Corrects the June 2025 Appendix 5B, where financing items 3.1 and 3.4 wrongly repeated March quarter rights issue amounts. The corrected report shows year-to-date equity raised of $252k and June quarter cash of $829k. Administrative fix only.
14 Aug 2025regulatory community update● Neutral
Bounty restates that the PEP-11 judicial review is listed for a two-day Federal Court hearing on 16-17 September 2025. No new information beyond the dates already announced.
18 Mar 2025regulatory community update▲ GoodMajor
Federal Court set a timetable for the PEP 11 judicial review, with a 2-day hearing on 16-17 September 2025. It also suspended the Joint Authority's refusal from 16 January 2025 until further order. This keeps Bounty's 15% interest alive for now; no outcome yet.
14 Mar 2025half year report● Neutral
Half-year to 31 December 2024: petroleum revenue $627k (down 25% on $837k), net loss $365k versus $653k a year earlier. Output averaged 28 bopd at Naccowlah. Confirms the quarterly figures already reported; Alton restart and 2025 drilling remain plans.
13 Feb 2025regulatory community update● NeutralMajor
PEP 11 operator Asset Energy filed a Federal Court judicial review application seeking to quash the Joint Authority's refusal and send the applications back for reconsideration. Bounty holds 15%. It is a legal challenge, not an outcome.
4 Feb 2025capital raising announcement▼ BadMajor
The rights issue raised only $252,000 against the roughly $1.5M target, with 62.97M shares taken up of 374.6M offered. The unsubscribed shortfall remains open until 1 May 2025. A far smaller raise than planned.
What it means for a shareholder
63.0m new shares at about A$0.004 to raise about A$252,000. That's 4.0% dilution: every existing holder's slice gets 4.0% smaller. If you held A$1,000 of shares (249,881 at the issue price), your slice goes from 0.0167% to 0.016% of the company. To keep it you'd need 10,500 more shares - about A$42 at the issue price.
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20 Jan 2025regulatory community update▼ BadMajor
BPH Energy, as the PEP 11 joint venture partner, announces the Joint Authority refused the 2020 and 2021 extension applications. The permit stays in force for two months from 17 January 2025. The JV is taking legal advice on review.
20 Jan 2025regulatory community update▼ BadMajor
Bounty confirms NOPTA notified it on 17 January that the Joint Authority refused the PEP 11 applications. This confirms the September preliminary view; the permit continues two months. Bounty's 15% interest is now at risk, and the JV is seeking legal advice on review.
17 Jan 2025other● Neutral
ASX paused trading in Bounty shares pending a further announcement. No reason is given in the notice; it was followed by the PEP 11 refusal news.
14 Jan 2025capital raising announcement● Neutral
Rights issue closing extended a fourth time, to 31 January 2025. Terms are unchanged, and the shortfall window now runs to 1 May 2025. Repeated extensions suggest slow take-up (inference).
7 Jan 2025capital raising announcement● Neutral
Rights issue closing extended a third time, to 17 January 2025, citing the holiday break. Terms are unchanged. Funds are described as supplementing Surat Basin oil production and development.
17 Dec 2024capital raising announcement● Neutral
Rights issue closing extended again to 10 January 2025, citing the holiday break. The 50% shortfall cap is removed. CEO Kelso and the directors intend to take up their full entitlements, about $51,000 combined.
5 Dec 2024capital raising announcement● Neutral
The rights issue closing date was extended from 10 December to 20 December 2024 to give shareholders more time. Terms are unchanged at 0.4 cents per share. The shortfall window now runs to 20 March 2025.
27 Nov 2024investor presentation● Neutral
AGM presentation restates the Queensland oil development plan, PEP 11 and Jacobson, citing 631,000 bbl 2P/2C interests and a 280–355 bopd production target. Market cap is $7.5M at a $0.005 share price. Largely repeats known facts.
26 Nov 2024capital raising announcement● Neutral
Offer documents were dispatched to shareholders for the rights issue, with record date 22 November. Peloton Shareholder Services is the contact point. Shortfall applications are capped at 50% of entitlement. Administrative notice, no new financial terms.
18 Nov 2024capital raising announcement● Neutral
Offer document for the 1-for-4 rights issue at $0.004 per share, targeting about $1,498,500. Opens 26 November, closes 10 December 2024. It is not a prospectus and calls the shares speculative. Repeats terms already announced.
18 Nov 2024capital raising announcement● NeutralMajor
Bounty proposes a 1-for-4 non-renounceable rights issue of up to 374.6M shares at 0.4 cents to raise about $1.5M, a 20% discount to the 15 November close. Funds go to Queensland oil drilling in early 2025, working capital and WA gas opportunities. Not underwritten.
What it means for a shareholder
375m new shares at A$0.004 to raise about A$1.5m. That's 20% dilution: every existing holder's slice gets 20% smaller. If you held A$1,000 of shares (250,000 at the issue price), your slice goes from 0.0167% to 0.0133% of the company. To keep it you'd need 62,496 more shares - about A$250 at the issue price.
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30 Oct 2024annual report● Neutral
Corporate governance statement for FY24, current at 30 October 2024. It repeats that Bounty has no written diversity policy and no women on the board or in key management. Administrative disclosure with no new business information.
30 Oct 2024annual report● Neutral
Appendix 4G governance checklist for the year ended 30 June 2024, signed by the Company Secretary. Administrative filing with no new business information.
30 Oct 2024annual report● Neutral
2024 annual report repeats FY24 results: revenue $1.61M, Queensland reserves of 360,000 bbl. The Chairman says the Government has indicated it will not approve the PEP 11 extension and Bounty will pursue its rights. Cash is quoted at $1.78M in one place and $1.28M in another.
11 Oct 2024regulatory community update● Neutral
The deadline to respond to the Minister's preliminary PEP 11 refusal view was extended to 15 November 2024. The Federal Court case was adjourned to on or after 7 February 2025. NOPTA had recommended approving the second application.
26 Sept 2024annual report● Neutral
Media release on FY24 results: revenue $1.61M, loss narrowed to $0.93M, cash and current assets $1.78M, nil debt. Queensland producing and contingent reserves are put at 360,000 bbl. The CEO notes PEP 11 refusal view and that legal advice is being taken.
25 Sept 2024annual report● Neutral
FY24 statutory accounts: revenue $1.61M, down 9%, and an operating loss of $0.93M versus $2.91M the year before. Production was 11,805 boe from the Naccowlah Block. Bounty remains a small producer with oil revenue lower on reduced prices.
23 Sept 2024listing compliance notice● Neutral
Bounty answered an ASX query on disclosure of the Minister's PEP 11 view. It says it learned of it at 2:11pm on 18 September, sought a pause within minutes, and announced the next morning. It confirms compliance with Listing Rule 3.1. The shares traded around $0.04 to $0.03 on resumption.
19 Sept 2024regulatory community update▼ Bad
Bounty confirms the Minister's preliminary view that PEP 11 applications should be refused; it has 30 days to make submissions. It says Queensland oil operations are proceeding, with more wells expected in 2025, and Jacobson variations are being pursued.
18 Sept 2024regulatory community update▼ BadMajor
Minister Ed Husic told the PEP 11 operator he has formed a preliminary view that the extension applications should be refused. The joint venture is consulting lawyers. This is a major setback after the long wait for a decision on Bounty's 15% permit.
18 Sept 2024other● Neutral
ASX paused trading in Bounty shares pending a further announcement. No reason is given in the notice itself; it relates to the PEP 11 news that followed.
