OBJECTIVES

Bounty is pursuing a two branched business strategy to provide shareholders with opportunities for major capital gains through high impact growth gas exploration in PEP 11 backed by a core business of oil production and low risk exploration to underpin the value of the company.

Core Development and Exploration

The objective is to make the company self-sustaining through production revenue.

Bounty has interests in 92 active producing wells in 18 fields in the Eromanga and Surat Basins of Queensland and currently produces 70 boepd. Development drilling is ongoing in Naccowlah Block, SW Queensland.

Ongoing low risk exploration and appraisal in the Surat Basin, Queensland, is addressing near field targets with potential reserves of 400,000 bbls net to Bounty as well as tight oil fields with up to 2 million bbls in place.

Growth through High Impact Exploration

The objective is to provide the potential for major capital growth through exposure to high risk high reward exploration, in general targets which if successful would propel Bounty to the forefront of Junior Exploration companies in Australia.

Bounty has one project the least of which if successful would add 60 MMboe to Bounty’s contingent resources. PEP 11 offshore Sydney Basin, NSW is the current focus where targets up to 600 Bcf net to Bounty are being targeted.