Bounty Oil and Gas Nl

BPH Energy Limited (ASX:BPH) and Bounty Oil & Gas NL (ASX:BUY) for the PEP11 Joint Venture announce that today, 5 August 2024, Asset Energy Pty Ltd (Asset) as operator for and on behalf of the joint venture partners, filed an Originating Application for Judicial Review in the Federal Court.

BPH Energy Limited (ASX:BPH) and Bounty Oil & Gas NL for the PEP 11 Joint Venture announce the resolution of the Federal Court Proceedings between Asset Energy Pty Ltd and the Respondents, being the Commonwealth Minister for Resources.

BPH Energy Limited (ASX:BPH) advises that investee Advent Energy Limited's 100% subsidiary Asset Energy Pty Ltd has applied to the Federal Court to review the decision to refuse to vary and suspend the conditions of Exploration Permit for Petroleum No.11.

BPH Energy Limited (ASX:BPH) is pleased to advise that a Call for Tender for the provision of Conductor and Surface Casing & Associated Services for Advent's upcoming exploration well has been issued.

BPH Energy Limited (ASX:BPH) is pleased to announce investee Advent Energy Ltd's wholly owned subsidiary, Asset Energy, has issued a Call For Tender for the provision of subsea wellhead equipment, materials and associated services for the Baleen drilling program.

BPH Energy Limited (ASX:BPH) is pleased to advise that after assessing proposals for Environmental Approvals for Baleen-1 its investee entity, Advent Energy Ltd, has appointed Xodus Group ("Xodus") under a lump sum contract to prepare the Environmental Plan for first submission to NOPSEMA.

BPH Energy Limited's (ASX:BPH) wishes to advise it has now received the Environmental Review Report for the Baleen gas exploration well in offshore license PEP11.

BPH Energy Limited's (ASX:BPH) wishes to advise it has now received a Basis of Well Design Report for the Baleen well in in offshore license PEP11.

BPH Energy Limited (ASX:BPH) wishes to advise that investee Advent Energy Ltd has on behalf of the PEP11 joint venture submitted to the National Offshore Petroleum Titles Administrator (NOPTA) an application to extend the PEP11 permit offshore NSW.

The placement consists of 69,230,769 fully paid ordinary shares (Shares) at an issue price of $0.13 (13 cents) per share to sophisticated and professional investors under the Company's current ASX Listing Rule 7.1 placement capacity to raise $9 million.