ASX Code: BUY
Bounty Oil and Gas NL is a petroleum producer/explorer participating in 2009 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 2009 focus includes:
Commercialisation of the 17 Bcf recoverable gas pool tapped by Kiliwani North 1 well (Tanzania) and appraisal of a further 50 Bcf of contingent resources in the same pool with new seismic and drilling.
New seismic and drilling of the 4.6 million barrel potential Eluanbrook stratigraphic prospect in the Surat Basin
New seismic and drilling of one oil well in PEL 218 Cooper/Eromanga Basin
Development of up to 2 million barrels of oil in the Utopia Field SW Queensland
Evaluation of the Bellbird oil field Surat Basin
Free carry through 2009 drilling of one well in PEP 11 offshore Sydney Basin where the partners have identified several large targets some with potential for up to 2.5 Tcf gas.
Ongoing prospect and lead development for drilling in 2010