Bounty Oil & Gas NL - Company Profile
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Business Description
Bounty Oil & Gas NL (Bounty) is an independent oil and gas explorer and producer. The company is primarily involved in the exploration, development, production, and marketing of oil and gas. It operates in three states within Australia, focusing on both onshore and offshore projects. Bounty's business portfolio includes exploration and development projects in various regions. The Naccowlah Block in SW Queensland is a significant onshore oilfield with active drilling programs. In SE Queensland's Surat Basin, Bounty targets oil in proven reservoirs within Petroleum Leases PL 2 Alton and PL 1152 Fairymount. The company also has interests in the Carnarvon Basin, WA, focusing on the Rough Range Oil Field. Offshore, Bounty is involved in the PEP 11 project in the Sydney Basin, targeting significant gas reserves. The company has a major oil project, the Jacobson Farm-In, in the Carnarvon Basin, targeting oil in a lower Triassic source rock.
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Business Segments
Overview
Upstream assets include conventional oil and gas, and unconventional gas resources. It operates in offshore and onshore Australia and offshore Tanzania. Its onshore operations includes Cooper Basin, Surat Basin; and Onshore Carnarvon Basin. The offshore operations include Sydney Basin and Jacobson Project in Offshore Carnarvon Basin. In the Cooper basin the company holds interests in ATP 1189P Naccowlah Block. Within the Surat Basin its hold interests PL2 and PL 1152. The Onshore Carnarvon Basin includes production licenses L16. The company operates in the offshore Sydney Basin through PEP 11 and also operates in Jacobson Project Offshore Carnarvon Basin through titles EP 490 and 491 and TP 27.
Performance
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Geographical Segments
Performance
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