BPH Energy Ltd. advised that it has been notified by its investee Patagonia Genetics Pty Ltd. (Patagonia) that it is has ceased operations. On the 6th of May 2022, Patagonia informed BPH that it was unable to secure the required licences to undertake its operations and that it had no residual assets. BPH was subsequently provided with a notice by Patagonia's sole director Mathew David Critchley, advising that he intended to initiate a winding up application.