Bounty Oil & Gas Nl

What Bounty Oil & Gas Nl does

Bounty Oil & Gas NL is an ASX-listed (ASX:BUY) independent Australian oil and gas explorer and producer founded in 1999 and headquartered in Sydney. The company operates a hybrid strategy combining low-risk production assets with high-impact exploration across multiple Australian basins, including Queensland, New South Wales, Western Australia and South Australia. Its core production is centered on 92 active producing wells across 18 fields in the Eromanga and Surat Basins, currently yielding approximately 70 boepd net to Bounty, with total proved reserves and resources of 360,000 boe.

The company's revenue stream derives from the sale of crude oil and natural gas produced from its working interests, primarily through the Naccowlah Block joint venture with Santos in southwest Queensland (containing the Jackson oilfield) and the 100%-owned PL2 Alton permit. Exploration upside is concentrated in three projects: PEP 11 (15% interest, offshore Sydney Basin, 4.7 TCF P50 prospective gas), the Jacobson/Cerberus project in the Carnarvon Basin (25-50% earn-in, 600+ million barrels high case), and the Southern Surat Basin acreage. As a junior listed producer, Bounty is a commodity price-taker that funds operations through equity placements and joint venture arrangements, currently maintaining a debt-free balance sheet with a market capitalization of approximately $3.1M as of April 2026.

Name

Bounty Oil & Gas Nl

Legal name

Bounty Oil and Gas N.L.

Website

https://www.bountyoil.com/

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Short description

Bounty Oil & Gas NL is an ASX-listed (ASX:BUY) junior Australian oil and gas explorer and producer operating 92 producing wells across Queensland and pursuing high-impact exploration in the offshore Sydney Basin and Carnarvon Basin. The company serves domestic energy markets from its Sydney headquarters with zero debt and approximately 70 boepd of net production.

Ownership category

akta.pro rank

Product category

Upstream Oil and Gas Exploration & Production

NAICS

Oil and Gas Extraction (2111), Crude Petroleum Extraction (211120), Natural Gas Extraction (211130)

SIC

Crude Petroleum & Natural Gas (1311), Drilling Oil & Gas Wells (1381)

akta.pro primary industry

Production Operations & Well Optimization (Artificial Lift, Flow Assurance) (EUALAAAF)

akta.pro secondary industries

Drilling & Well Construction (E&P Operator-led) (EUALAAAD), Unconventional Resources Development (Shale/Tight, CBM) (EUALAAAH)

Keywords

• Oil and gas exploration
• Upstream petroleum production
• Onshore offshore drilling
• Hydrocarbon exploration permits
• Crude oil production

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Oil and Gas Production Revenue: Revenue generated from the sale of crude oil and natural gas produced from the company's interests in various Australian basins. Production comes from 92 active producing wells across 18 fields in the Eromanga and Surat Basins, currently producing approximately 70 boepd net to Bounty.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Bounty Oil & Gas NL is an independent Australian oil and gas explorer and producer that generates revenue from the sale of crude oil and natural gas produced from 92 active producing wells across 18 fields in the Eromanga and Surat Basins. The company pursues a dual strategy combining low-risk production assets (Naccowlah Block JV, PL2 Alton) with high-impact exploration projects including PEP 11 offshore Sydney Basin, Southern Surat Basin, Carnarvon Basin L16, and the Jacobson/Cerberus project.

Product overview

Bounty Oil & Gas NL is an independent Australian oil and gas explorer and producer (ASX: BUY) with a two-branched strategy combining low-risk production assets with high-impact exploration projects. The company operates core production from the Naccowlah Block JV in southwest Queensland (producing oil from the Jackson field), while pursuing growth through major exploration permits including PEP 11 offshore Sydney Basin (15% interest, targeting 4.7 TCF gas), the Jacobson/Cerberus project in the Carnarvon Basin offshore Western Australia (25-50% interest), and Southern Surat Basin oil projects. Bounty holds interests in 92 active producing wells across 18 fields, producing approximately 70 boepd, with total proved reserves and resources of 360,000 boe.

Differentiator

Problem solved

Functional benefit

Products and services

• Naccowlah Block JV Oil production joint venture in ATP 1189P covering 1,064 km2 in southwest Queensland, producing approximately 30-80 bopd net to Bounty with 2P reserves of 74,000-104,000 bbls. The block contains the Jackson oilfield, one of the largest onshore oilfields in Australia.
• Southern Surat Basin Project Oil and gas exploration project in southeast Queensland, 40km northeast of St. George. Bounty holds 100% of PL2 Alton and 50% of ATP 2028. Targets include Mardi, Eluanbrook Up dip (200,000-300,000 barrels potential), Farawell prospect, and unconventional wet gas in the Tinowan-Wallabella Coal sequence.
• Carnarvon Basin L16 Project Onshore petroleum license in the Carnarvon Basin, Western Australia, surrounding the Rough Range Oil Field (Australia's first oil discovery in 1955). Bounty holds 100% of PL L16, targeting oil in the Cretaceous Birdrong Sandstone.
• Jacobson Project (Cerberus) Offshore oil project in EP 490, EP 491, and TP 27, Carnarvon Basin, Western Australia. Bounty has farmed in to earn 25% (option to earn up to 50%) interest. Targets oil in lower Triassic source rock and reservoir sequence with high case prospective resources of over 600 million barrels. Located 70km east of Barrow Island.

Quantifiable outcome

• 360,000 boe total proved producing reserves and resources
• +3 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• BPH Energy LimitedcoreStrategic or Co-development Partner · 17 January 2025BPH Energy Limited (ASX:BPH) is Bounty's joint venture partner in the PEP 11 offshore exploration permit. Asset Energy Pty Limited, a wholly-owned subsidiary of BPH Energy, operates the PEP 11 permit. Both companies are jointly pursuing a Federal Court judicial review challenging the Joint Authority's refusal to extend and vary the permit conditions.
• Coastal Oil & Gas Pty LtdcoreStrategic or Co-development Partner · 7 October 2021Bounty entered a farmin agreement with Coastal Oil & Gas to earn 25% interest (with option to earn up to 50%) in the Jacobson/Cerberus project offshore Carnarvon Basin. Bounty contributed $500,000 for seismic data acquisition and interpretation, with additional $5.5 million committed for drilling expenses to earn its interest in the four Cerberus Permits (EP 475, 490, 491, and TP 27).
• Advent Energy LtdcoreStrategic or Co-development PartnerAdvent Energy Ltd is the operator of the PEP 11 offshore exploration permit covering 4,576 km2 in the Sydney Basin. Bounty holds a 15% interest in the joint venture. Advent has led exploration activities including seismic interpretation and has applied for judicial review of permit extension refusals.
• Santos LimitedminorStrategic or Co-development PartnerSantos Limited holds the remaining 2% interest in ATP 1189P Naccowlah Block and associated petroleum leases in Southwest Queensland. The block contains the Jackson oilfield, one of the largest onshore oilfields in Australia, with significant production infrastructure and pipelines.
• NauticAWTminorImplementation/ SI/ Consulting PartnerIndependent consulting petroleum engineers providing technical expertise for reservoir evaluation and resource assessments.
• Apex Energy Consultants Inc.minorImplementation/ SI/ Consulting PartnerIndependent consulting petroleum engineers based in Calgary, Alberta, Canada, providing technical advisory services.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Brookside Energy Limited: ASX-listed small-cap oil and gas producer with onshore US exposure; comparable to Bounty as a small Australian-listed E&P, though its primary operations are in the US Anadarko Basin.
• State Gas Limited: ASX-listed junior focused on natural gas exploration in the Surat Basin, Queensland; comparable to Bounty in size and Surat Basin acreage overlap, with similar coal-seam gas exploration focus.
• Blue Energy Limited: ASX-listed Australian gas-focused E&P with Queensland and Northern Territory acreage; comparable to Bounty as a small-cap Australian explorer with natural gas exposure.

Broad incumbents

• Santos Limited: Australia's largest onshore oil and gas producer and Bounty's JV partner in Naccowlah Block; operates broadly across Cooper/Eromanga and other basins at much larger scale, serving as both a peer and partner.

Direct peers

• Australian Oil Company Limited: ASX-listed (AOK) junior oil and gas explorer with Western Australian acreage; closely comparable as a small Australian E&P, and Bounty's chairman is also its managing director.
• Beach Energy Limited: ASX-listed Australian oil and gas E&P focused on the Cooper/Eromanga and Otway Basins; directly comparable to Bounty as a small-to-mid cap onshore producer with overlapping Cooper Basin acreage and similar Cooper/Eromanga focus.
• Cooper Energy Limited: ASX-listed Australian oil and gas E&P with production in the Cooper Basin and exploration in the offshore Otway Basin; similar size, onshore production focus, and offshore exploration ambitions as Bounty.
• IPB Petroleum Ltd: ASX-listed junior oil and gas explorer with offshore exploration permits; comparable to Bounty as a small-cap Australian E&P, and shares the same chairman (J.L. Kane Marshall).
• Carnarvon Petroleum Limited: ASX-listed junior oil and gas explorer with historical focus on the Carnarvon Basin offshore Western Australia; directly comparable as a small-cap Australian E&P with offshore exploration exposure including the same basin as Bounty's Jacobson/Cerberus project.
• Senex Energy Limited: Australian oil and gas E&P (now part of Posco International) with Surat and Cooper Basin assets; comparable to Bounty as a Surat/Eromanga-focused producer at small-cap scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bounty Oil & Gas Nl