Business
Bounty Oil and Gas NL 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 oil development. It has a strong balance sheet, increasing oil revenue and remains free of debt. The company has oil production at Naccowlah in SW Queensland and two undeveloped proved oil and gas discoveries in the Surat Basin and onshore Carnarvon Basin. Recently, the project emphasis has been on onshore oil appraisal and development opportunities in Queensland, while Bounty prepares for high impact gas exploration drilling in PEP 11 Sydney Basin.