Sydney, Feb 12, 2013 AEST (ABN Newswire) - Presenting to investors in Sydney on February 4th, 2013, Bounty Oil and Gas (ASX:BUY) CEO Mr. Philip Kelso outlined the company's strategy and current projects as well as an overview of global oil demand.
Bounty is positioned to take advantage of highly prospective targets both domestically and offshore, with a cash flow from producing wells.
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.
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About Bounty Oil and Gas Nl
Bounty is an Australian ASX listed oil producer and explorer (ASX:BUY). Its core petroleum production and exploration assets are located onshore in the Cooper/Eromanga Basins and in the Surat Basin in Queensland and South Australia. Its growth assets are spread over a number of high impact projects in Australia and Tanzania where it is exploring for oil and gas. In Australia; offshore it holds AC/P 32 Timor Sea and is a participant in PEP 11, Sydney Basin.
Bounty has interests in other permits including Tanzania where it is a participant in the Kiliwani North Gas Field development and is exploring for additional gas pools with up to 1 TCF potential.
Bounty has reserves and resources approaching 4 million barrels of oil equivalent.
Drillsearch Energy Limited
Bounty Oil and Gas Nl