Bounty Oil & Gas NL Expands Reserves and Plans New Drilling
Company Announcements

Bounty Oil & Gas NL Expands Reserves and Plans New Drilling

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

Bounty Oil & Gas NL reported a strong third quarter with cash assets totaling $1.06 million and no debt. The company is expanding its oil reserves in Queensland and is planning new drilling activities in the Cooper and Surat Basins, aiming to boost production significantly in 2025. Additionally, Bounty has secured a new agreement for offshore exploration in the Carnarvon Basin, indicating a promising outlook for future growth.

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

Related Articles
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