Bounty Oil & Gas NL Announces Roy Payne Resigned as A Director

Bounty Oil & Gas NL is an Australia-based oil and gas explorer and producer. The Company is engaged in exploration, development, production and marketing of oil and gas (petroleum). It is also involved in the investment in listed entities. It has production and exploration operations in three states within Australia. Its operations include PEP 11, Cerberus, Carnarvon Basin, Naccowlah Block and Surat Basin. PEP 11 covers 4,576 square kilometers (km2) of the offshore Sydney Basin adjacent to the gas market in Australia. The Cerberus Project incorporates 3,578 km2 in four permits, EP 475, 490, 491 and TP 27 offshore Carnarvon Basin and lies 70 kilometers (km) east of Barrow Island. It monitors the Rough Range 1B well in petroleum license L 16 onshore Carnarvon Basin, which is surrounding Rough Range Oil Field, 60 km South of Exmouth. The Company owns a 2% interest in the Naccowlah Block, which is located in southwest (SW) Queensland and covers an area of 1,064 km2.