Bounty Oil & Gas NL (ASX:BUY) Challenges Permit Refusal in Federal Court
Judicial Review Application
Bounty Oil & Gas NL (ASX:BUY) announced that its joint venture operator, Asset Energy Pty Ltd, has filed for a judicial review with the Federal Court. The application challenges the Commonwealth-New South Wales Offshore Petroleum Joint Authority’s refusal to vary and suspend conditions of Petroleum Exploration Permit NSW-11 and to extend its term.
Company Overview
Bounty Oil & Gas NL is an Australian listed oil producer and explorer with gross oil revenue of A$1.6 million per annum. The company’s core assets are located in the Cooper/Eromanga Basins and the Surat Basin in Queensland, with additional exploration interests in the Sydney Basin and Western Australia.
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