News Market Reports CEO Interview Series Events & Exhibitions

Bounty Oil and Gas Nl

ASX:BUY ISIN:AU000000BUY9

May 26, 2012

OVERVIEW | NEWS | MULTIMEDIA | RESEARCH

Bounty Oil and Gas Nl Company Summary

Bounty Oil and Gas Nl (ASX:BUY) is an independent Australian oil and gas explorer and producer. It was formed in 1999 and listed on the Australian Stock Exchange in February 2002.

From its inception, it has pursued an active programme of land acquisition, exploration and development whilst remaining free of debt. The company has production at Utopia in SW Queensland and two undeveloped gas discoveries offshore Tanzania. Recently the project emphasis has been benn changed slightly from high impact offshore exploration to a greater emphasis on lower risk onshore oil appraisal and development opportunities in Queensland.

The management team and directors are well versed in the oil and gas business and cover all aspects from finance to technical operations management. In addition, Bounty has excellent relations with Australia's best consultants and international consulting firms and can call on a broad spectrum of expertise as required.

DIRECTORS / OFFICERS

Graham Reveleigh Non-Executive Chairman Mr. Reveleigh is a professional geologist and has nearly 45 years experience in the resources industry both in Australia and overseas. He commenced his career in the oil industry, then spent most of his working life to date in exploration, mine management and construction in the minerals industry. Since 2002 Mr. Reveleigh has been a director of oil and gas explorers and producers and is currently a director of Gulf Mines Limited and of Hill End Gold Limited. He is a Member of the Australasian Institute of Mining and Metallurgy, and is a Chartered Professional (Management) of that body.
Charles Ross Non-Executive Director For the past 17 years Mr. Ross has been working in the private and public equity and corporate finance markets in USA, Canada and Europe. He specialises in corporate asset acquisition and divestiture, the review and development of corporate financing strategies, administration, compliance procedures and investor relations in the oil and gas and mining industries. He is a director of several Canadian oil and gas companies and has managed most aspects of petroleum exploration, development and production operations in the Western Canada Basin and other areas outside Canada.
J Gary Higginbotham Non Executive Director Mr. Higginbotham is an accountant and in his 35 year career has held a number of positions as Chief Financial Officer in small resources companies and in other industries as well as acting in private practice. His background is in compliance, taxation and corporate finance and has been involved in all aspects of corporate finance from initial public offerings to project financing for resources development projects.
Philip F Kelso Chief Executive Officer Mr. Kelso has 40 years experience as a lawyer and geologist.He started his career as a hard rock geologist and after 7 years switched to law in 1975.His law practice both as a solicitor and barrister focused on commercial, resources and environmental law. He has international oil and gas experience having worked on exploration, development, acquisition and commercialisation projects in Australia, North America, South East Asia and Europe since 1990. He is past Chairman and Director of Dome Resources NL and has overseen mine development and operations. Until 2007 Mr. Kelso was Managing Director of Drillsearch Energy Limited and of its Canadian offshoot Circumpacific Energy Corporation. He managed the group's growth through project and equity financing as it participated in a major oil development project in the Cooper Basin and in development of its assets in the Western Canada Basin. He was appointed CEO of Bounty Oil and Gas in March 2008.
J Gary Higginbotham Company Secretary Mr Higginbotham is Non Executive Director and Company Secretary.

ANNUAL REPORT

PRESENTATIONS

COMPANY DATA

	Headquarters	Level 7, 283 George Street

		Sydney, NSW 2000

		Australia

	Telephone	+61-2-9299-7200

	Fax	+61-2-9299-7300

	Principal Sector	Energy

	Principal Industry	Energy

	Listed	2002/02/05

	Homepage	www.bountyoil.com/

Key Developments: Bounty Oil and Gas Nl

	Bounty Oil and Gas Nl (ASX:BUY) Signed Tanzania Production Sharing Agreement NOV 1, 2011 10:58 - Article Views: 805 Bounty Oil and Gas Nl (ASX:BUY) is pleased to announce that the operator Aminex PLC has signed a new Production Sharing Agreement ('PSA') with the Tanzanian Minister of Energy & Minerals granting it and its joint venturers the right to explore for oil and gas over 1,690 km2 in the Nyuni area off the coast of Tanzania in the Indian Ocean.

	BPH Energy Limited (ASX:BPH) Updates on Production Testing at Vienta-1 OCT 18, 2011 14:23 - Article Views: 977 BPH Energy (ASX:BPH) provides the following advice regarding investee company Advent Energy Ltd (Advent) and its workover/production testing program at Vienta-1 and Waggon Creek-1 at its 100% owned EP386 permit in the onshore Bonaparte Basin.

	Bounty Oil and Gas Nl (ASX:BUY) Full Year Financial Statements Ended 30 June, 2011 SEP 27, 2011 15:38 - Article Views: 782 Bounty Oil and Gas Nl (ASX:BUY) is pleased to release financial statements for the year ended 30 June, 2011.

	Bounty Oil and Gas Nl (ASX:BUY) Nyuni 2 Well - Progress Update and KN1 Tie in SEP 19, 2011 09:36 - Article Views: 920 Bounty Oil and Gas Nl (ASX:BUY) provides the following update on progress at its Nyuni-2 well, offshore Tanzania.

	Bounty Oil and Gas Nl (ASX:BUY) Nyuni 2 Well Progress Update AUG 26, 2011 10:24 - Article Views: 881 Bounty Oil & Gas NL (ASX:BUY) (PINK:BYOGF) is pleased to advise progress on the Nyuni-2 well, currently being drilled from Nyuni Island in the Nyuni Block, off the coast of Tanzania in the Indian Ocean.

	Bounty Oil And Gas NL (ASX:BUY) Nyuni 2 Well Spuds JUNE 17, 2011 16:02 - Article Views: 1,390 Bounty Oil & Gas NL (ASX:BUY) (PINK:BYOGF) is pleased to announce that the Nyuni 2 well in the Nyuni Block, Tanzania was expected to spud around mid day today East Australia Time.

	Bounty Oil And Gas NL (ASX:BUY) Announce Successful Oil Development Of Utopia 11H Well JUNE 3, 2011 10:07 - Article Views: 1,036 Bounty Oil & Gas NL (ASX:BUY) (PINK:BYOGF) is pleased to announce that the Utopia 11H development well at Utopia Oil Field has reached its final depth of 1264 m MDRT (1017.2 m TVD) having successfully drilled a 176.5m horizontal drainhole in the Murta reservoir. The well continued to encounter excellent oil shows in very good quality reservoir sands throughout the horizontal leg. The well has been cased and completed as a Murta oil producer. It is anticipated that the well will be placed on production before 30 June 2011.

	Bounty Oil and Gas Nl (ASX:BUY) Announce Utopia 11H Drilling Update MAY 30, 2011 11:16 - Article Views: 1,031 Bounty Oil & Gas NL (ASX:BUY) (PINK:BYOGF) is pleased to announce progress on the Utopia 11H development well at Utopia Oil Field.

	Bounty Oil And Gas Nl (ASX:BUY) Nyuni 2 Well And Block Update - Tanzania MAY 27, 2011 12:16 - Article Views: 1,397 Bounty Oil & Gas NL (ASX:BUY) (PINK:BYOGF) is pleased to announce an update on the planned Nyuni 2 appraisal well, the Nyuni Block and Kiliwani North Gas Field developments, Tanzania.

	Bounty Oil And Gas Nl (ASX:BUY) Utopia 11H Spudded MAY 20, 2011 12:40 - Article Views: 867 Bounty Oil & Gas NL (ASX:BUY) (PINK:BYOGF) announces an update on it's oil development drilling program in the Utopia Field.