Bounty Oil and Gas Nl

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) provides the following update on progress at its Nyuni-2 well, offshore Tanzania.

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 & 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 & 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 & Gas NL (ASX:BUY) (PINK:BYOGF) is pleased to announce progress on the Utopia 11H development well at Utopia Oil Field.

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 & Gas NL (ASX:BUY) (PINK:BYOGF) announces an update on it's oil development drilling program in the Utopia Field.

Bounty Oil & Gas NL (ASX:BUY) (PINK:BYOGF) announces an update regarding the present status of PEP11, offshore Sydney Basin.

Drillsearch Energy Ltd (ASX:DLS) (PINK:DRLLF) announce the completion of the sale of its Naccowlah Block interest along with the associated exploration permit ATP 259P and production licenses to Bounty Oil & Gas NL (ASX:BUY) (PINK:BYOGF).