Bounty Oil & Gas NL (AU:BUY) has released an update.
Bounty Oil & Gas NL has announced a partnership with Coastal Oil and Gas Pty Ltd to execute a drilling program in the Carnarvon Basin, Western Australia, with plans for two firm wells and one contingent well. The project, now named Jacobson, is scheduled for late 2025 and includes key terms such as regulatory approvals, funding for rig modifications, and a non-refundable booking fee. Bounty will provide technical support to the project, focusing on seismic reproduction and interpretation, marking a significant step in exploring deeper gas prospects in the region.
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