BPH Energy Ltd's response to ASX price query

BPH Energy Ltd (ASX: $BPH) has responded to the ASX price query received on 2 May 2024. The company confirmed that it is not aware of any undisclosed information that could explain the recent trading in its securities. BPH Energy Ltd also affirmed its compliance with Listing Rule 3.1 and stated that the responses provided have been authorized and approved in accordance with the company's Continuous Disclosure Policy.

Executive Commentary on Recent Developments

Yesterday, the Minister for Climate Change and Energy, the Honourable Chris Bowen MP, made a speech to the Energy Users Association of Australia, highlighting the importance of gas in electricity generation and its role in supporting renewables. BPH Energy Ltd's investee, Asset Energy Pty Ltd, continues to progress joint venture applications for variation and suspension of work program conditions and related extension of the PEP-11 permit with the National Offshore Petroleum Titles Administrator (NOPTA). Additionally, the company has been advised by investee Advent Energy Ltd that its RL1 Retention Licence in the Bonaparte Basin in the Northern Territory has been extended for a further 5 years by the Northern Territory Government.

Summary of ASX Response and Outlook

BPH Energy Ltd has promptly responded to the ASX regarding the recent trading in its securities, confirming its compliance with Listing Rule 3.1. The company's response indicates that there is no undisclosed information that could explain the trading activity. The executive commentary provided insights into the Minister's speech emphasizing the significance of gas in electricity generation and the progress made by BPH's investees in the petroleum sector. The extension of the RL1 Retention Licence presents a positive outlook for the company's activities in the Northern Territory. BPH Energy Ltd's continued compliance and proactive engagement with ASX demonstrate its commitment to transparency and regulatory obligations.