EXPLORATION

Surat Basin interests land in Bounty's bag

BOUNTY Oil and Gas has announced its Australian onshore petroleum interests have been significantly expanded with the acquisition of Ausam Resources' portfolio of petroleum production, development and exploration assets in the Surat Basin, Queensland.

Claire Svircas

Surat Basin interests land in Bounty's bag

Bounty has purchased Ausam, which holds the assets from Ausam Energy Corporation of Canada, for $A500,000 via a combination of cash and shares. The portfolio holds a potential gross 15.3 million barrels...

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