Australia's Bounty Oil and Gas jumps on potential drilling targets in WA

Bounty Oil and Gas NL

08/03/2022 03:57

** Shares of Bounty Oil and Gas NL  BUY.AX  rise as much as
16.7% to A$0.014
    ** Oil and gas explorer says analysis has shown that its
Cerberus Project in Western Australia confirmed presence of
drilling targets  urn:newsml:reuters.com:*:nGLF3sL2Xg
    ** Co says a Request For Proposal (RFP) for negotiation of 
commercial terms for entering into a rig contract has been
issued
    ** Stock up 33% YTD, as of last close

 (Reporting by Arundhati Dutta in Bengaluru)
 ((Arundhati.Dutta@thomsonreuters.com;))