Tiger Brokers

BPH Energy Says Judge Adjourned PEP 11 Joint Venture Proceeding, Hearing to Be Conducted in New South Wales, Shares Fall 9%

MT Newswires Live
Sep 23

BPH Energy (ASX:BPH) said that an Australian judge decided that the hearing should be conducted by him in New South Wales and adjourned a proceeding after hearing from the firm and other parties, according to a Tuesday Australian bourse filing.

The PEP 11 joint venture, including BPH and Bounty Oil & Gas, was given notice by the National Offshore Petroleum Titles Administrator in January that the joint authority had refused the joint venture applications in 2020 and 2021.

BPH advised that investee Advent Energy's unit, Asset Energy, had applied to the Federal Court for an originating application for judicial review regarding a decision of the Commonwealth-New South Wales Offshore Petroleum Joint Authority.

The firm's shares fell over 9% in recent trading on Tuesday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10