OPERATIONS

Bounty fast tracking Surat oil development

BOUNTY Oil & Gas is printing money from its current operations, raking in $250,000 a month from Surat Basin oil wells thanks to a A$150 per barrel oil price and now plans to fast track more oil and gas developments this year.

Bounty's COO Kane Marshall, right

Bounty's COO Kane Marshall, right

It said the strengthening balance sheet will underwrite it beginning to drill three appraisal wells at its wholly owned Surat acreage, which is close to available refining capacity . The company...

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