Bounty Oil & Gas NL (ASX: BUY) – Trading Halt Initiated
Trading Halt Details
Bounty Oil & Gas NL (ASX: BUY) has requested a trading halt on its securities due to an upcoming announcement regarding PEP 11 Offshore Sydney Basin. The halt will remain in place until the ASX decides to lift it or until normal trading resumes on Tuesday, 21 January 2025.
Reason for Trading Halt
The Company has received correspondence from NOPTA concerning PEP 11. Bounty anticipates releasing an update prior to trading on 20 January 2025. CEO Philip F Kelso noted, “Bounty is not aware of any reason why the Halt should not be granted.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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