Past year: ▲ 167%(0.15c – 3.10c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
8 Mar 2022drilling scheduled▲ GoodMajor
Cerberus drilling program set at two firm wells (a Stork/Amos target and new Belfon) plus contingent Expanse; rig tender issued, indicative timing Q4 2022 subject to approvals. Preliminary seismic analysis is said to lower risk; updated resource estimates promised by end-March work.
1 Feb 2022investor presentation● Neutral
Notice of a 3 February webinar by COO Kane Marshall on Cerberus seismic, drilling timetable and Queensland production. No new results; states 2022 SW Queensland oil revenue is anticipated at $1.8 million.
19 Jan 2022investor presentation● Neutral
Operations update: Cerberus drilling aimed for late 2022 subject to approvals, with three target locations to be fixed by end-February 2022 and jackup rigs in discussion. Cooroo Northwest budget approved; PEP 11 submissions to NOPTA under way.
31 Dec 2021listing compliance notice● Neutral
Bounty answered an ASX query on its 16 December disclosure timing. It says it learned of a media article about PEP 11 at about 9.57am, asked for a pause at about 10.06am, and confirms it complied with Listing Rule 3.1.
16 Dec 2021regulatory community update▼ BadMajor
The Federal Government announced it will refuse the extension of PEP 11, in which Bounty holds 15%. Official NOPTA notice is not yet received. This ends the long-awaited decision on the permit; Bounty says it will now focus on Cerberus and Naccowlah.
16 Dec 2021listing compliance notice● Neutral
ASX paused trading in Bounty securities pending a further announcement. The cause was explained later the same day as the PEP 11 decision.
16 Dec 2021regulatory community update▼ Bad
MEC Resources, an Advent shareholder, repeats the announced refusal of the PEP 11 extension, with interests Advent 85% and Bounty 15%. Duplicates Bounty's own announcement.
16 Dec 2021regulatory community update▼ Bad
BPH, an Advent shareholder, repeats that the Prime Minister announced refusal of the PEP 11 extension. Advent (85%) and Bounty (15%) await official NOPTA notification. Duplicates Bounty's own announcement.
7 Dec 2021admin correction● Neutral
Corrects the 3 December release: the bonus options expire on 30 November 2025, not 25 November 2025.
3 Dec 2021security holder rights change● Neutral
The free 1-for-10 bonus options (ASX: BUYO, $0.025 exercise price) were allotted on 3 December 2021 and quotation was applied for. About 133.5M options went to 4,314 holders. Completes the option issue announced in October.
26 Nov 2021investor presentation● Neutral
AGM CEO presentation repeats known Cerberus and PEP 11 plans: Bounty earns 25% for $6M across 3 wells, targeting best-case prospective resources over 200 mmbbl. Shows 1.37 billion shares and a $0.010 price, market value $13.7M.
25 Nov 2021contract award● Neutral
Advent issued a call for tender for directional drilling and logging services for Seablue-1 in PEP 11 (Bounty 15%). Preparatory only; drilling remains subject to funding and regulatory approvals.
22 Nov 2021contract award● Neutral
Advent issued a call for tender for drilling fluids and solids control for Seablue-1 in PEP 11, where Bounty holds 15%. A tender call only, with drilling still subject to approvals and funding.
19 Nov 2021capital raising announcement● Neutral
Prospectus for a free bonus option issue: 1 option per 10 shares held, exercisable at $0.025 and expiring 30 November 2025. This delivers the loyalty option element flagged with the October placement. No cash raised now; funds only if options are exercised.
19 Nov 2021capital raising announcement● Neutral
Bounty confirms lodging the 1:10 bonus option prospectus. Record date is 26 November and issue and quotation are due 3 December 2021. Timetable for the option issue announced in October.
2 Nov 2021other● Neutral
JobKeeper disclosure: Bounty received $18,000 in FY2020 and $83,400 in FY2021 for 3 individuals, and made no voluntary repayments. Administrative notice only.
1 Nov 2021other● Neutral
Appendix 4G governance checklist for FY2021, current at 29 October 2021. Routine compliance form with no new operational or financial information.
1 Nov 2021other● Neutral
Corporate governance statement, current as at 29 October 2021. Routine compliance document, with no new operational or financial information.
1 Nov 2021annual report● Neutral
2021 Annual Report repeats known results: revenue down 49% to $1.47M, cash and current assets $1.75M, nil debt. Management expects three Cerberus wells in 2022/23 and says it awaits PEP 11 approval, with Sea Blue 1 planned for 2022.
15 Oct 2021listing compliance notice● Neutral
ASX notice that Bounty's suspension will lift on release of its capital raising announcement. Administrative; the raise itself is announced separately.
15 Oct 2021farm in farm out agreement▲ GoodMajor
Bounty farms into four Carnarvon Basin permits (Cerberus) to earn 25% by funding $6M of three exploration wells, with six-month options on two further 25% tranches ($9M and $12M). It also raised $2.74M by placement; Kane Marshall joins as COO. Resolves the October suspension.
14 Oct 2021contract award● Neutral
Advent issued a letter of intent to Weatherford for liner hangers and expandable equipment for Seablue-1. Drilling still subject to regulatory approvals; CCS objective subject to funding.
14 Oct 2021listing compliance notice● Neutral
At Bounty's request ASX suspended trading after a trading halt, pending an announcement of an acquisition of an interest in a project and an associated capital raising. Suspension lasts until the announcement or 20 October 2021.
30 Sept 2021annual report▼ Bad
FY2021 statutory accounts: revenue $1.47M (down 49%), net loss $2.9M including $2.0M impairment. Directors expect to drill one Naccowlah well later this year. Full detail of the media release follows separately.
30 Sept 2021annual report● Neutral
FY2021 results: petroleum revenue down 49% to $1.47M, cash and current assets $1.75M, nil debt, operating loss $0.45M before $2.46M non-cash charges. PEP 11 awaits offshore regulator decisions; Bounty says it is seeking more exploration opportunities.
15 Sept 2021contract award● Neutral
Letter of intent issued to Oil States for conductor and surface casing for Seablue-1. Drilling remains subject to funding and regulatory approvals. Another preparatory step in PEP 11.
7 Sept 2021contract award● Neutral
Advent, via Asset Energy, issued a letter of intent to Aztech for drilling project management on Seablue-1. Not a final contract; drilling still subject to regulatory approvals and CCS to funding.
16 Aug 2021contract award● Neutral
Advent issued a letter of intent to Dril-Quip for subsea wellhead equipment for the planned well, now named Seablue-1 (previously Baleen-1). Letter of intent only; drilling still subject to regulatory approvals.
21 July 2021joint venture update● Neutral
Advent issued a tender for drilling project management services for its planned PEP 11 well. Still subject to regulatory approvals; CCS objective subject to approvals and funding. Further preparatory step only.
5 July 2021joint venture update● Neutral
Advent issued a tender for conductor and surface casing for its planned exploration well. Drilling remains subject to funding and regulatory approvals; about 40 days to total depth. Another preparatory step, no new result.
