BPH Energy (ASX: BPH): PEP-11 Update and Strategic Developments

Highlights

• BPH holds a 16.3% stake in U.S.-based Clean Hydrogen Technologies, which is developing proprietary processes for producing clean hydrogen and conductive carbon.
• BPH owns 35.8% of Advent Energy, which fully owns Asset Energy, the operator of the PEP-11 permit in the Sydney Basin.
• PEP-11 remains active, with Asset Energy pursuing a judicial review in the Federal Court following application refusals by the Joint Authority in January 2025.
• A two-day court hearing regarding the PEP-11 permit decision is scheduled for 16–17 September 2025, with interim orders suspending the decision.
• BPH holds a 16.4% interest in Cortical Dynamics, which is developing advanced brain monitoring systems including BARM™ and the AI-powered CORDYAN™ platform.

BPH Energy Limited (ASX:BPH) is a diversified investment company with a portfolio spanning biotechnology, clean energy, and natural resources. Its strategy focuses on leveraging strategic equity holdings in high-potential ventures, including biomedical technologies, hydrogen innovation, and offshore gas exploration.

Clean Hydrogen Technologies Corporation

BPH holds a 16.3% direct interest in Clean Hydrogen Technologies Corporation, a U.S.-based company pioneering clean hydrogen production. The company is developing a proprietary process for producing clean hydrogen and conductive carbon using unique catalysts and custom engineering systems. These outputs are critical for the global energy transition, playing a key role in in battery manufacturing and low-emission fuel alternatives.

Clean Hydrogen is currently focused on:

• design, development, production, and testing of a reactor capable of generating a minimum of 3.2 kg and up to 15 kg of hydrogen per hour.
• submitting at least two new patents in an agreed geography, focusing on the production of hydrogen using its proprietary technology.

Advent Energy Limited and the PEP-11 Permit

BPH holds a 35.8% direct interest in Advent Energy Limited, which fully owns Asset Energy Pty Ltd, the operator of the PEP-11 offshore gas permit in the offshore Sydney Basin.

The PEP-11 joint venture is structured as follows:

• 85% - Advent Energy
• 15% - Bounty Oil and Gas NL (ASX:BUY)

On 17 January 2025, the PEP-11 Joint Venture was notified by National Offshore Petroleum Titles Administrator (NOPTA)that its prior applications were refused, with the permit extended for two months. In response, Asset Energy filed a Federal Court application seeking judicial review of the decision. The matter is scheduled for a two-day hearing on 16–17 September 2025, with interim orders suspending the decision’s operation, keeping PEP-11 active and compliant under current regulatory obligations.

Cortical Dynamics Limited

BPH also holds a 16.4% interest in Cortical Dynamics Limited, a neurotechnology company pioneering advanced brain monitoring systems. Its flagship product, BARM™ (Brain Anaesthesia Response Monitor), is a next-generation EEG-based device aimed at enhancing anaesthetic care during surgeries. BARM™ is further supported by CORDYAN™, a proprietary AI-driven analytics platform that aids in real-time monitoring and decision-making in anaesthesiology.

BPH Energy Limited maintains a diversified portfolio focused on emerging technologies in clean energy and healthcare. Its investments in Clean Hydrogen Technologies, Advent Energy, and Cortical Dynamics reflect its focus on sectors involved in emerging energy solutions and medical innovation.

The stock price of BPH was AUD0.009 on 13 May 2025.