Tuesday, June 3, 2025
  • Business
  • Investing
  • World-news
  • Stock
No Result
View All Result
Finance Mastery News
Advertisement
  • Business
  • Investing
  • World-news
  • Stock
No Result
View All Result
Finance Mastery News
No Result
View All Result
Home Investing

BPH Energy LimitedPEP11 Offshore Petroleum Joint Venture Update

admin by admin
March 18, 2025
in Investing
0
BPH Energy LimitedPEP11 Offshore Petroleum Joint Venture Update
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Perth, Australia (ABN Newswire) – On 20 January 2025, BPH Energy Limited (ASX:BPH) and Bounty Oil & Gas NL (ASX:BUY) as the PEP 11 Joint Venture announced that they had been given notice by the National Offshore Petroleum Titles Administrator (NOPTA) that the Joint Authority had refused the Joint Venture Applications made on 23 January 2020 (First Application) and 17 March 2021 (Second Application) (the Decision).

On 12 February 2025 BPH advised that investee Advent Energy Limited’s (BPH 36.1% direct interest) 100% subsidiary Asset Energy Pty Ltd had applied to the Federal Court for an Originating Application for judicial review pursuant to s 5 of the Administrative Decisions (Judicial Review) Act 1977 (Cth) and s 39B of the Judiciary Act 1903 (Cth) to review a Decision of the Commonwealth-New South Wales Offshore Petroleum Joint Authority, constituted under section 56 of the Offshore Petroleum and Greenhouse Gas Storage Act 2006 (Cth).

The Originating Application seeks:

1. An order quashing or setting aside the Decision;

2. A declaration that the Decision is void and of no effect; and

3. An order remitting the First Application and Second Application to the Joint Authority for reconsideration according to law.

The Federal Court of Australia made orders today by consent including the following:

– By Wednesday 30 April 2025, the first respondent must file and serve one copy of a bundle of documents that was before the Hon Ed Husic MP as the Responsible Commonwealth Minister of the Commonwealth-New South Wales Offshore Petroleum Joint Authority in making the decision that is the subject of this application, subject to any claim to privilege.

– Other than the bundle of material, all evidence relied upon by the parties must be presented by way of affidavit.

– By Wednesday 21 May 2025, the applicant must file and serve any further affidavits upon which it intends to rely at the hearing of the matter.

– By 25 June 2025, the first respondent must file and serve any affidavits upon which it intends to rely at the hearing of the matter.

– By 16 July 2025, the applicant must file and serve any affidavits upon which it intends to rely at the hearing of the matter by way of reply.

– The application be listed for a 2-day hearing at 10.15 am AWST on 16 September 2025 and 17 September 2025.

– The applicant must file and serve an outline of submissions in chief and a list of authorities by 4.00 pm AWST not less than 42 days before the hearing.

– The first respondent must file and serve an outline of submissions in response and a list of authorities by 4.00 pm AWST not less than 14 days before the hearing.

– The applicant must file and serve an outline of submissions in reply and a list of authorities by 4.00 pm AWST not less than 7 days before the hearing.

– The first case management hearing listed for 10.00 am AWST on 19 March 2025 is adjourned to 9.30 am AWST on 23 July 2025.

– Liberty to apply on 3 days’ notice to the other party.

– Pursuant to subsection 15(1)(a) of the Administrative Decisions (Judicial Review) Act 1977 (Cth), the operation of the decision of the Commonwealth-New South Wales Offshore Petroleum Joint Authority comprised of the first respondent and the second respondent made on 16 January 2025 is suspended with effect from 16 January 2025, until further order of this Court.

Asset Energy Pty Ltd is a 100% owned subsidiary of Advent Energy Ltd and lodged the Originating Application as Operator for and on behalf of the PEP11 Joint Venture Partners, Bounty Oil and Gas NL (ASX:BUY) and Asset Energy Pty Ltd.

About BPH Energy Limited:  

BPH Energy Limited (ASX:BPH) is an Australian Securities Exchange listed company developing biomedical research and technologies within Australian Universities and Hospital Institutes.

The company provides early stage funding, project management and commercialisation strategies for a direct collaboration, a spin out company or to secure a license.

BPH provides funding for commercial strategies for proof of concept, research and product development, whilst the institutional partner provides infrastructure and the core scientific expertise.

BPH currently partners with several academic institutions including The Harry Perkins Institute for Medical Research and Swinburne University of Technology (SUT).

Source:
BPH Energy Limited

Contact:
David Breeze
admin@bphenergy.com.au
www.bphenergy.com.au
T: +61 8 9328 8366

News Provided by ABN Newswire via QuoteMedia

This post appeared first on investingnews.com

Previous Post

How to Invest in Natural Gas: Stocks, ETFs and Futures

Next Post

Rob McEwen: Gold to Hit US$5,000 Long Term, Key Drivers to Watch

admin

admin

Next Post
Rob McEwen: Gold to Hit US$5,000 Long Term, Key Drivers to Watch

Rob McEwen: Gold to Hit US$5,000 Long Term, Key Drivers to Watch

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    • Trending
    • Comments
    • Latest
    Criminals are looting millions from ATMs in Europe. Here’s why Germany is a prime target

    Criminals are looting millions from ATMs in Europe. Here’s why Germany is a prime target

    October 28, 2024
    Israeli MP behind bill to expel key UN agency accuses US of interfering with process

    Israeli MP behind bill to expel key UN agency accuses US of interfering with process

    October 28, 2024
    British nurse Lucy Letby loses bid to appeal single attempted murder conviction

    British nurse Lucy Letby loses bid to appeal single attempted murder conviction

    October 25, 2024
    North Korean troops spotted in Russian border region with Ukraine, says Kyiv

    North Korean troops spotted in Russian border region with Ukraine, says Kyiv

    October 25, 2024
    How a Trump-fueled brain drain could be the rest of the world’s brain gain

    How a Trump-fueled brain drain could be the rest of the world’s brain gain

    0
    Private payroll growth slowed to 122,000 in July, less than expected, ADP says

    Private payroll growth slowed to 122,000 in July, less than expected, ADP says

    0
    The 10 worst states to retire in the U.S. No. 1 isn’t California or New York

    The 10 worst states to retire in the U.S. No. 1 isn’t California or New York

    0
    Boeing taps aerospace veteran Ortberg to replace Dave Calhoun as CEO

    Boeing taps aerospace veteran Ortberg to replace Dave Calhoun as CEO

    0
    How a Trump-fueled brain drain could be the rest of the world’s brain gain

    How a Trump-fueled brain drain could be the rest of the world’s brain gain

    June 2, 2025
    Athletes, coaches and officials among 22 killed in road accident in northern Nigeria

    Athletes, coaches and officials among 22 killed in road accident in northern Nigeria

    June 2, 2025
    Poland’s presidential election on a knife edge after heated election, exit polls show

    Poland’s presidential election on a knife edge after heated election, exit polls show

    June 2, 2025
    Ukraine targets several Russian air bases in large-scale operation ‘Spiderweb’

    Ukraine targets several Russian air bases in large-scale operation ‘Spiderweb’

    June 2, 2025

    Recent News

    How a Trump-fueled brain drain could be the rest of the world’s brain gain

    How a Trump-fueled brain drain could be the rest of the world’s brain gain

    June 2, 2025
    Athletes, coaches and officials among 22 killed in road accident in northern Nigeria

    Athletes, coaches and officials among 22 killed in road accident in northern Nigeria

    June 2, 2025
    Poland’s presidential election on a knife edge after heated election, exit polls show

    Poland’s presidential election on a knife edge after heated election, exit polls show

    June 2, 2025
    Ukraine targets several Russian air bases in large-scale operation ‘Spiderweb’

    Ukraine targets several Russian air bases in large-scale operation ‘Spiderweb’

    June 2, 2025

    Disclaimer: financemasterynews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Browse by Category

    • Business
    • Investing
    • Stock
    • World-news

    Recent News

    How a Trump-fueled brain drain could be the rest of the world’s brain gain

    How a Trump-fueled brain drain could be the rest of the world’s brain gain

    June 2, 2025
    Athletes, coaches and officials among 22 killed in road accident in northern Nigeria

    Athletes, coaches and officials among 22 killed in road accident in northern Nigeria

    June 2, 2025
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 financemasterynews.com | All Rights Reserved

    No Result
    View All Result

    Copyright © 2025 financemasterynews.com | All Rights Reserved