Bounty Oil & Gas (ASX:BUY): PEP-11 Judicial Review Reaches Judgment Stage

BPH BUY

1 min read | June 12, 2026 10:46 AM AEST | By Sonal Goyal

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Bounty Oil & Gas (ASX:BUY): PEP-11 Judicial Review Reaches Judgment Stage — Image source: Company update

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Highlights

The Federal Court is scheduled to deliver its judgment in the PEP-11 judicial review proceedings on 17 June 2026.

The judicial review hearing was completed before Justice Jackson in February 2026.

Bounty Oil & Gas NL (ASX:BUY) has shared an update released by BPH Energy Limited (ASX:BPH) regarding the Petroleum Exploration Permit 11 (PEP-11) project. The update relates to the Federal Court of Australia’s judicial review proceedings challenging the Joint Authority's decision to refuse the PEP-11 extension applications for variation.

The update highlighted that the Federal Court will deliver its judgment on the PEP-11 judicial review application on 17 June 2026, marking the next key milestone in the ongoing proceedings concerning the permit extension applications.

Hearing Completed

The hearing of the originating application for judicial review was conducted before Justice Jackson of the Federal Court of Australia in Sydney on 20 and 23 February 2026. The application challenges the Joint Authority’s decision to refuse the PEP‑11 extension variation applications.

With the hearing process concluded and the judgment date confirmed, BUY and its PEP-11 partners await the Federal Court’s ruling, which could determine the future direction of the offshore exploration permit.

BUY shares traded at AUD 0.03 per share on 11 June 2026.

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