BOUNTY OIL & GAS NL (BUY)

The suspension of trading in the securities of Bounty Oil & Gas NL will be lifted immediately following the release by BUY of an announcement in relation to the status of the PEP-11 Federal Court matter.

In Proceedings Number WAD106/2022 between Asset Energy Pty Ltd and the Respondents namely Commonwealth Minister for Resources et al. the parties have filed proposed consent orders in the Federal Court of Australia. The proposed orders seek to end the ongoing litigation concerning PEP 11 without the need for a trial. The consent orders will only be made if the Federal Court of Australia considers it appropriate and the parties await further direction by the Court. The consent orders, if granted, will set aside the decision made in March 2022 by the Commonwealth - New South Wales Offshore Petroleum Joint Authority to refuse Asset Energy's Application for a variation and suspension of the conditions to which PEP 11 is subject and a related refusal to grant an extension of term. If the decision of the Joint Authority is set aside, then it will need to be re-made according to law.

The securities of Bounty Oil & Gas NL will be suspended from quotation immediately under Listing Rule 17.2, at the request of BUY, pending the release of an announcement in relation to the status of the PEP-11 Federal Court matter.

The suspension of trading in the securities of Bounty Oil & Gas NL will be lifted immediately following the release by BUY of an announcement regarding a proposed capital raising.

The company releases a notice of proposed issue of securities.

Bounty Group has entered into a binding farmin agreement with Coastal Oil and Gas Pty Ltd to acquire a 25% interest in Carnarvon Basin oil exploration licenses EP 475, EP 490, EP 491 and TP 27 by funding AUD $6 million towards the costs of drilling three exploration wells. Under the farmin Bounty Group will have options during the next six (6) months to earn two 25% tranches for additional participating interests by funding $9 million and $12 million respectively towards the Drilling Program. Bounty Group and Coastal will jointly operate the Drilling Program. The primary prospects identified for drilling are Triassic stratigraphic plays that are direct lookalikes to the Santos Limited operated Dorado, Phoenix South and Roc discoveries. Bounty's focus has been on the Stork, Honeybadger, Parrot and Gallant prospects. An Expression of Interest has been issued to the rig market to assess the timing and cost of the Drilling Program, estimated to be between US $20 - 30 million for the 3 wells. Mr Kane Marshall joins Bounty as Chief Operating Officer working alongside Coastal members including oil industry veteran Ted Jacobson. The Company has received firm commitments from qualified institutional and sophisticated investors, raising $2.74 million before issue expenses which was heavily oversubscribed. Members of Management from each of Coastal and Bounty participated in the placement and Bounty also welcomes new institutional investors to its register.

A letter of intent has been issued by Advent Enery, through its subsidiary, Asset Energy, to Weatherford Australia for the provision of Liner Hanger & Expandable Equipment and Services for the planned Seablue-1 exploration well. The well is planned to be drilled in 125m of water approximately 26km offshore and 30km SSE of the City of Newcastle. The drilling of the well is subject to regulatory approvals and is expected to take around 40 days to reach total depth.

The securities of Bounty Oil & Gas NL will be suspended from quotation immediately under Listing Rule 17.2, at the request of BUY, pending the release of an announcement regarding a proposed capital raising.

The suspension of trading in the securities of Bounty Oil & Gas NL will be lifted immediately, following the receipt of a response to an ASX Price Query.

The company issues a response to ASX Price Query.

The securities of Bounty Oil & Gas NL will be suspended from quotation immediately under Listing Rule 17.3, pending the response to a price and volume query.

the suspension of trading in the securities of the company will be lifted immediately, following receipt of an announcement about the final logging data on the New Seaclem 1 exploration well in PEP 11

the securities of Bounty Oil & Gas NL (the "Company") will be suspended from quotation immediately, at the request of the Company, pending release of an announcement in relation to New Seaclem 1, PEP 11

director Thomas Fontaine resigns as he does not approve of the current management of the company, and cannot reconcile this situation with the current Bounty board of directors

securities suspended from quotation because of failure to lodge full year accounts for the period to 30 June 2006

shares suspended from quotation pending release of an announcement

one of the items of business to be voted on at the forthcoming AGM (to be held on 30 November) is the re-election of Bounty's former Managing Director, Mr Tom Fontaine - the directors of the Company, other than Mr Fontaine, intend to send a letter to all shareholders providing detailed reasons as to why they each oppose the re- election of Mr Fontaine - the company has also received correspondence from Mr Fontaine which included a notice purporting to call a General Meeting of shareholders of the Company for 17 November 2005 - the company recommends shareholders take no action until the matter is resolved - it has requested that the voluntary suspension of its shares be lifted

shares reinstated to quotation