New Risk • Jun 17
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 15x increase in shares outstanding. This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (72% average weekly change). Shareholders have been substantially diluted in the past year (over 15x increase in shares outstanding). Revenue is less than US$1m (AU$953k revenue, or US$674k). Minor Risk Market cap is less than US$100m (AU$21.9m market cap, or US$15.5m). Announcement • Jun 01
Bounty Oil & Gas NL has filed a Follow-on Equity Offering in the amount of AUD 4.5 million. Bounty Oil & Gas NL has filed a Follow-on Equity Offering in the amount of AUD 4.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 784,313,726
Price\Range: AUD 0.0051
Discount Per Security: AUD 0.000306
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 98,039,216
Price\Range: AUD 0.0051
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Mar 28
Bounty Oil & Gas NL announced that it has received AUD 0.299 million in funding Bounty Oil & Gas NL announced that it has entered into convertible note trust deed and convertible loan trust deed to issue unsecured convertible note for gross proceeds of AUD 39,000 and secured convertible loan note for gross proceeds of AUD 260,000 for aggregate proceeds of AUD 299,000 on March 27, 2026. The convertible note accrues interest at the rate of 10% per annum, conversion price will be of AUD 0.00017 and will mature on the first to occur of conversion, 6 months from issue, or earlier repayment/redemption on in accordance with the terms. The convertible loan note accrues interest at the rate of 10% per annum, conversion price will be of AUD 0.0051 and will mature on the first to occur of conversion, 6 months from issue, or earlier repayment/redemption on in accordance with the terms. The company paid lead manager fee as 6% of face value of notes subscribed/issued. The transaction will be subject to shareholder approval at a general meeting. The company expects to dispatch a notice of meeting in April 2026 and to hold the meeting by no later than May 31, 2026. 
