Bounty Oil & Gas (ASX: BUY) Strengthens Reserves Base and Outlines 2026 Growth Plans

3 min read | October 30, 2025 06:01 PM AEDT | By Aditi Sarkar

Google News:

Bounty Oil & Gas (ASX: BUY) Strengthens Reserves Base and Outlines 2026 Growth Plans — Image source: BUY Update

Recent News

Why Are Lynas Rare Earths (ASX:LYC), Paladin Energy (ASX:PDN) and Elev...

Why Did Coles (ASX:COL) Rise While Mining Stocks Dragged the ASX Lower...

Why Did AMP (ASX:AMP) Lead the ASX 200's Top Performers Today?

Why Are Lynas Rare Earths (ASX:LYC), Paladin Energy (ASX:PDN) and Elev...

Make Kalkine Media
My Trusted Source

Highlights

Bounty increased its producing and contingent oil reserves and resources to 413,000 barrels in 2025.

The company is preparing to drill four new NFE and appraisal wells at Naccowlah Block in 2026.

In the Surat Basin, Bounty advanced plans to restart production at the Alton Field.

The PEP 11 Joint Venture awaits a Federal Court hearing in February 2026 regarding permit extensions.

Bounty expects 2026 oil revenue of around AUD 1.8 million.

Bounty Oil & Gas NL (ASX:BUY) closed the 2025 financial year with stable production and asset growth across its core oil and gas operations. The company increased its producing and contingent (2P + 2C) oil reserves and resources in Queensland to 413,000 barrels (bbls) via acquisition. The year also saw continued production from the Naccowlah Block in Queensland and preparations for a new drilling phase in 2026.

Operational Developments in 2025

During 2025, Bounty maintained steady oil production from the Naccowlah Block while preparing for a significant development phase in 2026. Although no new wells were drilled during the year, reserves were recalculated and expanded as of 30 June 2025. In the Surat Basin, the company advanced plans to restart production at the Alton Field.

Bounty’s oil revenue for 2025 stood at AUD 1.09 million.

Cooper Basin – Queensland (Naccowlah Block)
Steady Output and 2026 Drilling Plans at Naccowlah Block

Continued oil production in 2025 from existing wells.
Planning to drill four new near-field exploration (NFE) and appraisal wells in 2026.
All new wells to be swiftly tied into the Naccowlah production network, converting into producing reserves.

Surat Basin – Queensland (Alton Area, 100% Projects)
Alton Field Prepares for 2026 Production Restart

Field operations are ongoing to recommence production in 2026.
Earlier drilling confirmed deeper oil and condensate potential.
Preparations also progressed to initiate production and appraise additional 2C resources.
Technical studies underway for deeper appraisal drilling targeting oil and condensate zones.

PEP 11 – Offshore Sydney Basin (NSW)
PEP 11 Court Hearing Set for February 2026

The PEP 11 Joint Venture Operator, Asset Energy, has initiated Federal Court proceedings challenging the Commonwealth’s refusal to extend the permit.
Hearing is scheduled for February 2026, marking a step towards resolution for this major untested gas exploration area.

Diversification and Strategic Positioning

During 2025, Bounty evaluated multiple oil production and exploration opportunities to broaden its project base. The company aims to diversify its portfolio while awaiting the outcome of the Federal Court proceedings related to PEP 11. With global oil consumption holding steady at around 103 million barrels per day, and with declining reserves across major basins, Bounty’s domestic reserve expansion and project advancement are expected to underpin continued operations and growth into 2026.

Bounty entered 2026 with an expanded reserves base and a stable production portfolio. The company’s focus for the year includes new drilling and development at the Naccowlah Block, advancing production at Alton/Fairymount in the Surat Basin, and pursuing legal clarity on the PEP 11 permit. With these initiatives, Bounty anticipates oil revenue of around AUD 1.8 million in 2026, driven by increased production activity and improved operational efficiency.

BUY shares traded at AUD 0.003 on 30 October 2025.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.