ASX Code: BUY
Bounty Oil and Gas NL is a petroleum producer/explorer participating in 2008 drilling in proven oil and gas permits with Australian and International exposure. It is listed on the Australian Stock Exchange with the enviable code of "BUY".
The company has an energetic approach to oil and gas exploration and development and holds both national and international interests.
Bounty's focus includes:
- Tanzania where Bounty has made a potentially significant gas discovery (60 metre gas zone) in the Kiliwani North well and generated additional targets
- Further development at the Utopia Oil Field, SW Queensland. Bounty has 40% of an estimated 2.86 million(P50) recoverable barrels.
- Farmout Offshore Sydney Basin project. Bounty has identified 1.0Tcf prospect, enough to supply Sydney at its current gas consumption rate for 10+ years.
- 2008 Wisteria 1 wildcat in A/C P 32,Timor Sea targeting the prolific Ashmore/Cartier region.
- Other projects currently being developed.