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Bounty Oil & Gas NL

ASX:BUY
A$0.008Close 7 Oct 2026 · delayed

Past year: ▲ 167%(0.15c – 3.10c AUD)

Market cap
A$7.9m
Shares on issue
985m
In-ground value
A$2.13bn
Risked multiple
under review
Story beats
150 since 2006
Last event
19 June 2026

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

31 July 2026quarterly activities report● Neutral

June quarter report: Naccowlah revenue $227k for the quarter and $865k for FY26, down 20% on lower production. Recapitalisation completed; PEP11 judicial review dismissed. Surat Basin work continued toward restarting Alton and Fairymount (PL1152 pending); Queensland reserves 413,000 bbl.

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14 July 2026regulatory community update● Neutral

BPH reports Asset Energy has lodged a notice of appeal in the Full Court against the PEP11 judgment, confirming the 3 July intention. Timing of hearing and decision is for the Court. Third-party release; Bounty holds 15%.

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3 July 2026regulatory community update● Neutral

BPH Energy, which holds an indirect interest via its 35.81% stake in Advent, says Advent's subsidiary Asset Energy will appeal the PEP11 judgment to the Full Court. Bounty's 15% interest stays tied to the permit fight. Third-party release.

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30 June 2026security holder rights change● Neutral

Bounty issued 632,205,885 free-attaching options (exercise $0.01, expiring 29 June 2030) to placement investors, Oakley and note holders, and applied to quote them as BUYOA. Completes the option issue promised in the recapitalisation; top-20 and distribution schedules attached.

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19 June 2026regulatory community update▼ BadMajor

The Federal Court dismissed the PEP11 judicial review on 17 June 2026, so the refusal to extend the permit stands. Bounty holds 15%. It is reviewing options with the joint venture, including appeal. This resolves the wait for judgment and is a setback.

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16 June 2026capital raising announcement▲ GoodMajor

Bounty completed Tranche 1 of its recapitalisation: 784,313,726 placement shares at $0.0051 (about $4M) issued 12 June. Also issued 50,576,471 shares to Oakley, 39,215,687 shares settling CQ Pastoral's $200k debt, and 58,627,452 shares on note conversion.

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16 June 2026joint venture update▲ Good

Bounty engaged consultancy OPC APAC to assess and plan development of its Alton and Fairymount fields, starting with the Eluanbrook prospect. After the capital raising, Naccowlah arrears were cut from $1.77M to $1.2M.

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12 June 2026regulatory community update● Neutral

The Federal Court will deliver its judgment on the PEP-11 judicial review on 17 June 2026. This ends the wait since the February hearing for Bounty's 15% interest.

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5 June 2026capital raising announcement● Neutral

Bounty lodged a prospectus on 5 June 2026 offering new options. It is a transaction-specific document tied to the recapitalisation; the visible text carries no new figures.

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1 June 2026capital raising announcement▲ GoodMajor

Bounty has firm commitments for about A$4.5M via 882,352,942 shares at $0.0051, with one free option per two shares. Tranche 1 is 784M shares; a further $500,000 tranche needs approval at a 14 July 2026 meeting. Completes the March recapitalisation placement.

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29 May 2026material agreement▲ GoodMajor

Bounty and all Naccowlah partners signed a payment plan for $1.77M of arrears cash calls, payable in three instalments by 30 June 2026, 31 December 2026 and 30 June 2027. Interest accrues at BBSW plus 4%. This resolves the arrears talks flagged on 22 May.

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28 May 2026asset acquisition disposition● NeutralMajor

Bounty signed a non-binding MoU with Jereh Energy Solutions Australia on a possible farm-out or sale of its Surat Basin assets, with exclusivity for a defined period. The company says this could reduce funding needs; no binding deal is certain.

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27 May 2026other● Neutral

The 30-for-1 consolidation is complete, leaving 52,055,030 ordinary shares on issue. New holding statements have been issued.

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25 May 2026other● Neutral

Updated Appendix 3A.3 gives the actual post-consolidation share count: 52,055,030 shares, from 1,561,600,981. Administrative update only.

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22 May 2026joint venture update▼ BadMajor

Bounty discloses that unpaid Naccowlah cash calls have accumulated to $1.7M, which the company attributes to low oil prices and rising operating costs. It is in advanced talks with the joint venture on an arrears agreement. Future wells are flagged for 2026/2027.

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19 May 2026security holder rights change● Neutral

Shareholders approved the 30-for-1 consolidation at the 18 May 2026 meeting, effective that day, reducing 1,561,600,981 shares. Bounty says it aims for a capital structure closer to similar-sized companies and a share price more attractive to institutions.

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18 May 2026other● Neutral

Bounty lodges its amended constitution, approved by special resolution at the 18 May 2026 general meeting. Administrative filing; no operational or financial information.

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18 May 2026other● Neutral

Updated Appendix 3A.3 confirms shareholders approved the 30-for-1 consolidation at the 18 May 2026 meeting. Share count is still the estimate: 1,561,600,981 falling to 52,053,366.

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30 Apr 2026quarterly activities report● Neutral

March quarter Naccowlah oil revenue was $148k, $638k for nine months, with output steady at 20-21 bopd. Bounty raised $299,000 via convertible and loan notes, and the Surat Basin projects are under review. Cash calls with Santos and partners are still being settled.

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8 Apr 2026other● Neutral

Appendix 3A.3 notice of the 30-for-1 share consolidation, subject to shareholder approval on 18 May 2026. Shares on issue would fall from 1,561,600,981 to an estimated 52,053,366. Follows the March recapitalisation proposal.

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27 Mar 2026capital raising announcement● NeutralMajor

Bounty proposes a recapitalisation: a 30-for-1 share consolidation, a placement of up to $4M at $0.0051 per post-consolidation share with free options, and conversion of $200,000 owed to CQ Pastoral. It has issued $39k convertible notes and $260k loan notes, with shareholder meeting due by 31 May 2026.

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13 Mar 2026half year report▼ Bad

Half-year to 31 December 2025: revenue $495k (down 22% from $627k) and net loss $661k versus $365k a year earlier. Capital spending was $225k. No exploration impairments were recorded. Production averaged 21 boepd at period end.

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23 Feb 2026regulatory community update● Neutral

The PEP 11 judicial review hearing was completed on 20 and 23 February 2026 before Justice Jackson. The decision is reserved to a future date, so Bounty's 15% interest still awaits an outcome.

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30 Jan 2026quarterly activities report● Neutral

December quarter oil revenue was $223k, $495k for the half-year, with output of 20-21 bopd. Four Naccowlah wells are expected in 2026 and Surat Basin production is planned for 2026. Board changes are noted. The PEP 11 hearing is listed for 20 and 23 February.

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23 Jan 2026director officer appointment● NeutralMajor

CEO Philip Kelso, in the role since 2009, retired on 22 January 2026. Chairman Graham Reveleigh and director Charles Ross also retire after 20+ years. Former COO Kane Marshall becomes Chairman and Robin Armstrong joins as a director, with a stated growth strategy and new ventures.

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27 Nov 2025agm notice● Neutral

All four resolutions passed at the 27 November 2025 AGM, including the remuneration report, Charles Ross's re-election and the 10% placement facility. Shares on issue were 1,561,599,739.

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27 Nov 2025investor presentation● Neutral

AGM presentation says Naccowlah revenue is about $90k a month, covering corporate costs. It outlines a Surat Basin plan targeting A$50-60M gross revenue over ten years, which the company says will require raising funds. PEP 11 hearing is February 2026.

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31 Oct 2025quarterly activities report● Neutral

September quarter oil revenue was $272k, with production up slightly to 21 bopd. Queensland 2P/2C is 413,000 bbl. Alton oil production is now expected in early 2026, so the Surat restart slips again. The PEP 11 hearing is adjourned to late February 2026.

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28 Oct 2025annual report● Neutral

The 2025 Annual Report repeats FY25 oil revenue of $1.09M, cash and current assets of $0.96M, nil debt, and Queensland 2P/2C of 413,000 bbl. Four Naccowlah wells are expected in 2026, Surat Basin production in 2026, and the PEP 11 hearing in February 2026.

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28 Oct 2025admin correction● Neutral

Revised option expiry notice: the effective expiry is Friday 28 November 2025, and quotation of BUYO options ends 24 November rather than 25 November. Other terms are unchanged: 428,565,681 options at $0.025, shares at $0.003.

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