EXPLORATION

Bounty resurrects old targets

IT HAS taken Bounty Oil & Gas four years, but it has finally gained a controlling interest in the Surat Basin's Alton area from Santos so it can drill a well updip of the Eluanbrook-1 oil shows.

While Bounty's partner in the Utopia oil field, New Hope Corporation, secured the Moonie, Alton and Cabawin fields for $3.5 million, Bounty used its first refusal to acquire Santos' interest in PL 2A,...

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