Bounty Oil & Gas Advances Development Amid Revenue Growth
Company Announcements

Bounty Oil & Gas Advances Development Amid Revenue Growth

Bounty Oil & Gas NL (AU:BUY) has released an update.

Bounty Oil & Gas NL reports a slight decrease in oil prices and $1.61 million in unaudited revenue for the year, with $376,000 earned in the last quarter ending June 2024. The company is advancing oil development in Queensland’s Cooper and Surat Basins and has taken full ownership of additional reserves near Alton. They anticipate an increase in oil production, aiming for revenues above $3 million per annum by 2025, as they prepare to commence production in the Surat Basin and continue exploring for gas in the Carnarvon and Sydney Basins.

For further insights into AU:BUY stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskBounty Oil & Gas NL Expands Reserves and Plans New Drilling
TipRanks Australian Auto-Generated NewsdeskBounty Oil & Gas NL Strengthens Corporate Governance
TipRanks Australian Auto-Generated NewsdeskBounty Oil & Gas NL Releases Governance Statement
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App