BOUNTY OIL & GAS NL
ASX:BUYEnergyToday’s holders own 65.0% of what they think they own, once every option and right converts.
Share count grew 2621% in 24 months; 3 cash raises in 24 months; options/rights overhang 54% of shares
BOUNTY OIL & GAS NL underwent a share consolidation of approximately 1-for-30 in May 2026. Between January 2024 and October 2026, its latest share-count filing, the company's ordinary share count increased by 2620.7% (adjusted for the consolidation) to 1.36 billion shares. In the past 24 months it has raised capital three times for total disclosed proceeds of A$8.3M, most recently a A$3.5M placement in September 2026. Options and rights could convert into 732M new shares, representing a 53.9% potential dilution; none are in the money, and the nearest expiry is June 2030. The company reports more than 4 quarters of funding at the recent spend rate. One proposed securities issue is pending with an expected date in November 2026.
Quick answers · 3
Is BUY raising capital?
Bounty Oil & Gas has 1 proposed issue of securities pending under Appendix 3B as at 28 Oct 2026; the most recent raise announced is Placement of $3.5M on 22 Sept 2026.
How much cash does BUY have?
In its quarterly cash report for the quarter ended 30 Sept 2026, Bounty Oil & Gas reported $2.4M of cash and estimated 4.0 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do BUY's options expire?
Unexercised options and rights equal 53.9% of Bounty Oil & Gas's shares on issue; the nearest expiry is June 2030.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 7 Oct 2026 | 2A · quoted issue | BUY : ORDINARY FULLY PAID | 1.36B | Appendix 2A |
| 22 Sept 2026 | 2A · quoted issue | BUY : ORDINARY FULLY PAID | 1.18B | Appendix 2A |
| 18 Aug 2026 | 3G · unquoted | ORDINARY FULLY PAID | 984.8M | Appendix 3G |
| 17 Aug 2026 | 3G · unquoted | ORDINARY FULLY PAID | 984.8M | Appendix 3G |
| 30 June 2026 | 2A · quoted issue | BUY : ORDINARY FULLY PAID | 984.8M | Appendix 2A |
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
3 cash raises in the last 24 months · 2 in the last 12 months
Forward supply
Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
- Price-triggered632.2M · 46.5% of sharesOptions and warrants — they convert when the share price clears their exercise price.No exercise price is on record for any of it, so none of it can be called in or out of the money.
- Condition-triggered100.0M · 7.4% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 0 priced, 732.2M where the filing never states one. A security with no exercise price is never counted in the money — nothing is paid to convert it, so there is no price for it to be above.
Each figure is the filing’s own count of securities, not a share count — a 2A never states what one security converts into.
No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 732.2M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| BUYOA | Options | Price-triggered, no exercise price stated | — | 29 June 2030 | 632.2M | Filing |
| BUYAA | Performance rights | Condition-triggered | — | — | 100.0M | Filing Meeting |
“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column. For what expires soon across other listed companies, see the options expiry calendar.
A condition-triggered class has no exercise price and usually no expiry: what it vests on is set by a shareholder resolution, not by the register. Where the company lodged a notice of meeting before the class first appears here, it is linked as “Meeting” — that is where terms of this kind are put to shareholders. It is not confirmation that the document sets this class’s conditions, and no link appears where there is no such filing.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 17 Aug 2026 | John Lloyd Kane Marshall | Other incentive | — | — | 46.5M | — | 3Y notice |
| 17 Aug 2026 | Robin Armstrong | Other incentive | — | — | 46.5M | — | 3Y notice |
| 6 Feb 2025 | CHARLES ROSS | Buy entitlement/SPP | 800k | — | — | — | 3Y notice |
| 6 Feb 2025 | Graham Charles Reveleigh | Buy entitlement/SPP | 5.6M | 2.6M | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.