Bounty Oil & Gas: Financial Resilience and Growth
Company Announcements

Bounty Oil & Gas: Financial Resilience and Growth

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

Bounty Oil & Gas N.L. announced positive outcomes from their 3 well drilling campaign, maintaining oil production and identifying new exploration opportunities for 2025. Despite a marginal drop in petroleum revenue to $1.61 million, the company reduced its operating loss and has a solid financial position with $1.78 million in cash and no debt. The company is also engaged in legal discussions regarding the extension of offshore permits in the Carnarvon Basin, West Australia.

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

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