EXPLORATION

Bounty buys into Cooper-Eromanga basin

BOUNTY Oil & Gas is taking a stake in PEL 218 in the Cooper-Eromanga Basin, South Australia, under a farm-in agreement with Deka Resources and Well Traced.

Under the agreement, Bounty will earn a 5.5% working interest in the entire block down to the top of the Permian age sequence by funding 50% of the cost of 210 kilometres of 2D seismic in the permit. ...

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