Bounty Oil & Gas NL (AU:BUY) has released an update.
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Bounty Oil & Gas NL has confirmed with ASX that the potential refusal of the PEP 11 applications by Minister Husic is significant information that could materially affect its stock value. The company became aware of the Ministry’s preliminary decision on September 18, 2024, and acted swiftly by informing the exchange, requesting a trading pause, and ensuring a trading halt to maintain compliance with market disclosure rules. Bounty Oil & Gas NL reassures stakeholders of its adherence to the Listing Rules in their handling of the situation.
For further insights into AU:BUY stock, check out TipRanks’ Stock Analysis page.
