Brief: Bounty Oil And Gas NL Says To Acquire 25% Interest In Carnarvon Basin Oil Exploration Licenses

Bounty Oil and Gas NL

15/10/2021 02:37

Oct 15 (Reuters) - Bounty Oil and Gas NL  BUY.AX :
    * ENTERED BINDING FARMIN AGREEMENT WITH COASTAL OIL AND GAS
TO
ACQUIRE 25% INTEREST IN CARNARVON BASIN OIL EXPLORATION LICENSES
    * UNDER DEAL, CO TO FUND A$6 MILLION FOR COST OF DRILLING 3
EXPLORATION WELLS FOR 25% UNENCUMBERED PARTICIPATING INTEREST IN
CERBERUS
    * TO RAISE A$2.74 MILLION AT A$0.01 PER SHARE

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