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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.

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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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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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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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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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).

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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.

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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.

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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.

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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.

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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.

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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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12 Jan 2024capital raising announcement● NeutralMajor

Bounty raised $1.15M through a placement at 0.9 cents a share, an 18.2% discount to the last price. 128M new shares come with free attaching options at 2.5 cents expiring November 2025. Funds go to projects and working capital; this dilutes existing holders.

What it means for a shareholder

128m new shares at about A$0.009 to raise about A$1.1m. That's 8.5% dilution: every existing holder's slice gets 8.5% smaller. If you held A$1,000 of shares (111,304 at the issue price), your slice goes from 0.00812% to 0.00743% of the company. To keep it you'd need 10,395 more shares - about A$93 at the issue price.

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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.

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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.

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23 July 2020capital raising announcement● Neutral

BPH Energy, which holds an indirect stake in PEP 11 operator Advent, is raising $449,813 via placement at 1.5 cents plus up to $2.42M via rights issue. About $2M is for Baleen well planning. This is BPH's raising, not Bounty's.

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21 Feb 2013capital raising announcement● NeutralMajor

Bounty completed a placement of 100,000,000 shares at $0.02 to institutional and sophisticated investors, raising $2,000,000 for working capital before costs. This lifts the share count from 838.4M and follows the Utopia 14 result.

What it means for a shareholder

100m new shares at A$0.020 to raise about A$2.0m. That's 9.9% dilution: every existing holder's slice gets 9.9% smaller. If you held A$1,000 of shares (50,000 at the issue price), your slice goes from 0.0055% to 0.00496% of the company. To keep it you'd need 5,504 more shares - about A$110 at the issue price.

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24 Dec 2012capital raising announcement● Neutral

Bounty issued 44.25M shares to employees and directors approved at the AGM, raising $299,250: 38.25M at $0.005 and 6M at $0.018. Options exercisable at $0.14 lapsed, leaving 20M options at $0.032. Shares quoted now total 816.4M.

What it means for a shareholder

44.3m new shares at about A$0.0068 to raise about A$299,250. That's 5.3% dilution: every existing holder's slice gets 5.3% smaller. If you held A$1,000 of shares (147,870 at the issue price), your slice goes from 0.0186% to 0.0176% of the company. To keep it you'd need 8,239 more shares - about A$56 at the issue price.

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28 July 2011capital raising announcement● NeutralMajor

Bounty is placing up to 20 million shares at $0.024 to raise up to $480,000, each with a free option at $0.032 expiring 27 July 2014. Price is a 4% discount to last close. Funds go to production, exploration and working capital, a small raise after the December 2010 rights issue.

What it means for a shareholder

20.0m new shares at A$0.024 to raise about A$480,000. That's 2.8% dilution: every existing holder's slice gets 2.8% smaller. If you held A$1,000 of shares (41,667 at the issue price), your slice goes from 0.00596% to 0.0058% of the company. To keep it you'd need 1,192 more shares - about A$29 at the issue price.

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20 Dec 2010capital raising announcement● NeutralMajor

The 1-for-10 rights issue is complete, raising $5.331M before costs at $0.10 through 53,311,220 new shares. Shortfall of 16,572,756 shares may be placed. Shares on issue rise to 752,150,982. Well short of the up to $9M that was possible.

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1 Dec 2010capital raising announcement● Neutral

Offer documents for the 1-for-10 rights issue at 10 cents were despatched 29 November. The closing date is extended from 10 to 15 December, with allotment 17 December. Brokers get a 4% stamping fee. Administrative amendment to known dates.

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19 Nov 2010capital raising announcement● Neutral

Bounty releases the formal offer document for the 1-for-10 rights issue at 10 cents, up to $9M. The offer opens 26 November and closes 10 December, with shares allotted 15 December. Administrative release of terms already announced.

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18 Nov 2010capital raising announcement● Neutral

Bounty despatches the notice of its 1-for-10 rights issue at 10 cents to shareholders. Administrative follow-up to the 17 November announcement. The letter says Claymore underwrites 30M shares, about a third of the issue; the announcement gave 21.13M, or 30%.

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17 Nov 2010capital raising announcement● NeutralMajor

Bounty announces a 1-for-10 non-renounceable rights issue at 10 cents, raising up to about $9M from up to 90M shares, partly underwritten by Claymore Capital. Funds are for follow-up work in PEP 11, Queensland oil wells, Mardi, Wakefield and Nyuni 2. Dilutes holders who do not take part.

What it means for a shareholder

90.0m new shares at about A$0.100 to raise about A$9.0m. That's 11% dilution: every existing holder's slice gets 11% smaller. If you held A$1,000 of shares (10,000 at the issue price), your slice goes from 0.00143% to 0.00127% of the company. To keep it you'd need 1,288 more shares - about A$129 at the issue price.

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15 Dec 2009capital raising announcement▲ GoodMajor

Allotment completed on 15 December: 83,469,193 shares at $0.08, raising $6.67M before costs. 60.5M came via the rights issue and 22.9M via placement. Shares on issue rise to 688,839,762, with no options. Resolves the rights issue thread.

What it means for a shareholder

83.5m new shares at A$0.080 to raise about A$6.7m. That's 11% dilution: every existing holder's slice gets 11% smaller. If you held A$1,000 of shares (12,500 at the issue price), your slice goes from 0.00188% to 0.00167% of the company. To keep it you'd need 1,567 more shares - about A$125 at the issue price.

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9 Dec 2009capital raising announcement▲ GoodMajor

The rights issue closed over-subscribed, raising about $6.5M: $4.842M from entitlements plus $1.658M from extra applications, with no shortfall. This is above the $4.84M originally sought, and the extra shares will use existing placement capacity.

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24 Nov 2009capital raising announcement● Neutral

Bounty confirms it posted the rights issue offer documents on 23 November: 1-for-10 at $0.08, closing 7 December, allotment 14 December. Directors may place any shortfall with excess applicants or sophisticated investors; brokers get a 4% fee. No new terms.

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16 Nov 2009capital raising announcement● Neutral

The rights issue offer document is released: 1 new share per 10 held at $0.08, up to $4.84M, partly underwritten. The offer opens 23 November and closes 7 December, with allotment on 14 December. Extra shares can be sought beyond entitlements.

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13 Nov 2009capital raising announcement● Neutral

Bounty despatches the formal notice of its 1-for-10 rights issue at $0.08. It restates 605,370,569 shares on issue and a maximum 60,537,057 new shares for about $4.84M. No new terms.

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12 Nov 2009capital raising announcement● NeutralMajor

Bounty launches a 1-for-10 non-renounceable rights issue at $0.08, up to 60.5M shares to raise about $4.84M. It is 17% below the 10 November close, with 20% underwritten. Funds target Utopia, Surat Basin and PEL 218 evaluation. Bounty says it needs more capital.

What it means for a shareholder

60.5m new shares at about A$0.080 to raise about A$4.8m. That's 9.1% dilution: every existing holder's slice gets 9.1% smaller. If you held A$1,000 of shares (12,500 at the issue price), your slice goes from 0.00206% to 0.00188% of the company. To keep it you'd need 1,249 more shares - about A$100 at the issue price.

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