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BPH Energy Limited ( (AU:BPH) ) has provided an update.
BPH Energy Limited has announced that its investee, Advent Energy Limited, through its subsidiary Asset Energy Pty Ltd, has applied for a judicial review concerning the decision of the Commonwealth-New South Wales Offshore Petroleum Joint Authority. The decision in question refused to extend the PEP-11 Permit, affecting BPH’s operations and positioning in the energy sector. The application seeks to overturn the decision, declaring it void, and requests a reconsideration by the Joint Authority, potentially impacting the company’s future exploration activities and stakeholder interests.
More about BPH Energy Limited
BPH Energy Limited is engaged in the energy sector, focusing on investments in the oil and gas industry. The company has a significant interest in Advent Energy Limited, which operates in the exploration and development of oil and gas resources.
Average Trading Volume: 848,097
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$12.18M
See more data about BPH stock on TipRanks’ Stock Analysis page.
