Bounty Oil & Gas (BUY)

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Bounty Oil & Gas N.L. (BUY) is engaged in the exploration for, development, production and marketing of oil and gas (petroleum). It operates in two geographical segments: Australia and Tanzania. As of June 30, 2009, the Company had interests in various joint ventures, such as AC/P32 – Vulcan Sub-Basin, A/C Territory, PEP 11-Sydney Basin, PL 214 Utopia and part ATP560P, PEL 218-Eromanga Basin above Permian, EP 435 – Carnarvon Basin, EP 412 – Carnarvon Basin and Nyuni Block. The principal activities of these joint ventures included the exploration, evaluation, development and production of oil and gas. With effect from January 1, 2009, Bounty acquired 100% of Ausam Resources Pty Limited (Ausam). Ausam has petroleum production, development and exploration assets in the Surat Basin, Queensland.

Bounty Oil & Gas N.L. (BUY) is an independent oil and gas exploration company which was formed in 1999 and listed on the ASX in February 2002. It is an oil and gas exploration and production company with prospects in an offshore Perth and Sydney basin as well as in New Zealand and East Africa. Oil and gas explorers own rights to explore for commodities in certain areas, and discovery goes through several stages from initial finding through to test and appraisal wells and finally to production. In addition, the company has pursued an active and strategic program of its assets. Originally the company was focused on Australian and New Zealand permits, however it has broadened its international interest in acquiring a permit in Tanzania off Africa's east coast.

Bounty Oil & Gas (BUY) Products and Services

  • Exploration for and production of oil and gas

Bounty Oil & Gas (BUY) Locations and Subsidiaries

Bounty Oil & Gas Head Office
283 George Street, Level 7,
NSW 2000

Phone: 02 9299 7200
Fax: 02 9299 7300

Bounty Oil & Gas (BUY) Share Price

Submitted by ASX Listed Company on 3 March, 2010 - 22:42