Bounty Oil & Gas NL
BYOGF
Other OTC0.02
USD
- -
- -
ISIN
AU000000BUY9
Return %
Stock
S&P500
1Y
-70.17
19.01
3Y
-72.88
65.48
5Y
-95.53
72.20
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Sachin Saraf
- Full Time Employees
- 2
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 283 George Street Sydney NSW Australia 2000
- IPO Date
- Nov 25, 2009
- Website
- bountyoil.com
- Similar Companies
- Business
- Bounty Oil & Gas NL (ASX: BUY; OTC: BYOGF) is an independent Australian oil and gas explorer, developer, producer and marketer focused on onshore and offshore petroleum assets; it operates through a Core Petroleum segment encompassing exploration, development and production activities, and a Secondary segment involving investments in listed securities. Formed in 1999 and listed on the Australian Securities Exchange in February 2002, the company is headquartered at Level 7, 283 George Street, Sydney, New South Wales. Its principal producing asset is a joint venture interest in the Naccowlah Block (ATP 1189P and associated petroleum leases) in the Cooper/Eromanga Basin of southwest Queensland, where it holds a 2% interest operated by Santos Limited, yielding proved producing oil reserves and resources of approximately 360,000 boe (Bounty's share around 159,000-272,000 bbls 2P/3P) with FY2024 revenue of $1.61 million from 11,805 boe produced; development projects include operatorship of three Surat Basin oil assets centered on the 100%-owned Alton oilfield (PL2) and 81.75%-owned PL46 Fairymount with contingent resources exceeding 1.4 million bbls in Evergreen, Boxvale and Showgrounds formations, alongside L16 Rough Range onshore Carnarvon Basin permit; exploration portfolio features a 15% interest in PEP 11 offshore Sydney Basin (4,576 sq km targeting gas at Baleen/Seablue prospects) and a farm-in agreement with Coastal Oil & Gas to earn 25-50% in Jacobson (formerly Cerberus) permits (EP490, EP491, TP27; 3,000 sq km offshore Carnarvon Basin, WA, targeting Triassic oil lookalikes to Dorado with prospective resources over 600 million bbls high-case). Operations span Queensland, New South Wales and Western Australia basins, targeting crude oil sales amid stable A$120-130/bbl prices, with FY2024 petroleum revenue of $1.61 million, HY2025 (to Dec 2024) revenue of $0.63 million from 5,373 bbls sold at 28 bopd average, no debt and cash of $0.73 million. Recent developments include becoming operator of Surat Basin Alton projects with planned 2025 production start-up from PL2/PL46 workovers expected to add up to $1 million annual revenue; Jacobson farm-in advancement with option exercise for up to 50% equity via $9 million drilling contribution (over $735,000 committed), 2D seismic reprocessing, permit extensions by DEMIRS and rig Heads of Agreement execution in August 2024 pending funding; PEP 11 progress amid regulatory hurdles with NOPTA/Joint Authority refusing variation/suspension applications in January 2025 (prompting Federal Court judicial review filed for quashing/remittal), permit renewal application underway and prior 2023 court-set-aside of rejection enabling continued force; Naccowlah infrastructure tie-ins for 2023 Watkins North discoveries, further appraisal/development drilling programmed for 2025; capital raisings via January 2024 placement of 128 million shares/options ($1.15 million) and November 2024 rights offer (1:4 at $0.004; $0.25 million closed February 2025); no major acquisitions/partnerships beyond ongoing JVs/farmin, focus on oil revenue growth and high-impact drilling.