PEP 11 Resolution and Federal Court Orders

Bounty Oil & Gas NL (Bounty) (ASX: BUY) and BPH Energy Limited (BPH) (ASX: BPH) for the PEP 11 Joint Venture announce the resolution of the Federal Court Proceedings (WAD106/2022) between Asset Energy Pty Ltd (a wholly owned subsidiary of BPH’s investee, Advent Energy Limited) and the Respondents (being the Commonwealth Minister for Resources et al). The proceedings involved the decision made on 2