Bounty expands Cooper portfolio

DRILLSEARCH Energy has offloaded its interest in the Naccowlah Block of the Cooper Basin to Bounty Oil & Gas because it no longer fits the company's growth focus.

Bounty expands Cooper portfolio Bounty expands Cooper portfolio Bounty expands Cooper portfolio Bounty expands Cooper portfolio Bounty expands Cooper portfolio

The company sold its 2% interest in the block for $1.15 million comprising $950,000 in cash and $200,000 in Bounty fully paid shares. Bounty already has paid a non-refundable deposit of $105,000.

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