Bounty Oil and Gas NL
Bounty Oil & Gas NL is an Australia-based oil and gas explorer and producer.
The business
Bounty Oil & Gas NL is an Australia-based oil and gas explorer and producer. The Company is engaged in exploration, development, production and marketing of oil and gas (petroleum). It has oil production at Naccowlah in SW Queensland and two developed proved oil and gas leases in the Surat Basin and oil/gas exploration interests in Carnarvon Basin, WA. It also has material offshore exploration interests, including PEP 11 Sydney Basin. PEP 11 covers 4,576 square kilometers (km2) of the offshore Sydney Basin adjacent to the gas market in Australia. The Rationale Jacobson Project (Carnarvon Basin) incorporates 3,197 km2 of the three permits, namely EP 490 and 491 and TP 27 offshore Carnarvon Basin and lies 70 kilometers east of Barrow Island, Western Australia. It monitors the Rough Range 1B well in petroleum license L 16 onshore Carnarvon Basin, surrounding Rough Range Oil Field, 60 km South of Exmouth. The Naccowlah Block consists of ATP 1189 and 26 petroleum leases totaling 1,794 km2.
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Latest news
Bounty Oil & Gas Makes Strategic Entry into Deepwater Liberia with PetroQuest Acquisition
Bounty Oil & Gas to acquire PetroQuest Liberia deepwater asset; $3.5m placement funds seismic data reprocessing and potential farm-out prospects.
BPH Energy Looking for Continued Progress in PEP 11 Permit Court Case
BPH Energy (ASX: BPH) is looking for more favourable news involving the PEP 11 permit off the NSW coast in an upcoming Federal Court hearing in the middle of September. BPH has a stake in the permit through its 35.8% direct interest in unlisted Advent Energy, which owns PEP 11 permit operator Asset Energy. A […]
Bounty Oil & Gas backs BPH Energy and Advent in dispute over PEP-11 gas exploration rights
Unlisted Advent Energy and its major shareholder BPH Energy (ASX: BPH) have found an ally in Bounty Oil & Gas (ASX: BUY) regarding their assertions that the New South Wales government is treading in federal territory with its new plans to block activity in the large PEP-11 permit. Operated by Advent, with Bounty holding a […]
Failure of bill looking to ban offshore oil and gas activities opens door for BPH Energy’s exploration plans
BPH Energy (ASX: BPH) and its investee company Advent Energy have welcomed news that a bill that had the potential to block oil and gas exploration off the NSW coast has failed. The unlisted Advent (through its wholly-owned subsidiary Asset Energy) and joint venture partner Bounty Oil & Gas (ASX: BUY) are currently in discussions […]
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