about bounty oil & gas nl


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.

The management team and directors are experienced professionals 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.

Bounty revenue in FY 22-23 was $1.8 million with oil revenue from Cooper Basin.

Bounty also has a quality portfolio of petroleum acreage with Pmean or 2P producing oil reserves at Naccowlah, Queensland, and a further 1.1 MMboe of non-producing and contingent resources in proven oil and gas fields in Australia.

Bounty will also look to grow by expanding into other projects in Australia.

Bounty has become operator of 3 Surat Basin oil projects centred on Alton. There are indications of an oil price recovery in 2023-24 and we will focus on lifting oil from these additional assets while seeking additional oil revenue generating opportunities.

It is listed on the Australian Securities Exchange with the ASX code of “BUY” and options “BUYO”.