“Seadrill  “West Atlas”  Jackup Rig to drill Wisteria 1

Bounty Oil and Gas NL is a Perth-based energy company 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 is excited about the forthcoming drilling of the high quality prospect Magnolia-1 in the AC/P 32 permit in the Vulcan Sub-Basin.  Magnolia-1 is in an oil-prone region adjacent to numerous oil fields including Challlis, Cassini and Montara and has been well defined by reprocessed 3D seismic. The joint venture has contracted the Ocean Bounty rig for the drilling, which is now scheduled to commence in late November 2005.