BPH Energy Limited (ASX:BPH) and Bounty Oil & Gas NL for the PEP 11 Joint Venture announce the resolution of the Federal Court Proceedings between Asset Energy Pty Ltd and the Respondents, being the Commonwealth Minister for Resources.
Bounty is an Australian ASX listed oil producer and explorer (ASX:BUY). Its core petroleum production and exploration assets are located onshore in the Cooper/Eromanga Basins and in the Surat Basin in Queensland and South Australia. Its growth assets are spread over a number of high impact projects in Australia and Tanzania where it is exploring for oil and gas. In Australia; offshore it holds AC/P 32 Timor Sea and is a participant in PEP 11, Sydney Basin.
BPH Energy Limited (ASX:BPH) and Bounty Oil & Gas NL (ASX:BUY)) as the PEP 11 Joint Venture announce that further to their earlier ASX Release of 3 February 2023.
BPH Energy Limited (ASX:BPH) and Bounty Oil & Gas NL (ASX:BUY) as the PEP 11 Joint Venture announce that in Proceedings Number WAD106/2022 between Asset Energy Pty Ltd (a wholly owned subsidiary of BPH s investee, Advent Energy Limited) and the Respondents namely Commonwealth Minister for Resources et al.
On 2 August BPH Energy Limited (ASX:BPH) announced that, following its shareholders meeting on 21 June 2022 at which shareholders voted unanimously to approve to make an investment in hydrogen technology company Clean Hydrogen Technologies Corporation.