Kalkine Media ASX Share Market News & Research
Watchlist Sign Up/Login
https://kalkinemedia.com/resources/assets/public/img/flags/au.png AUS
https://kalkinemedia.com/resources/assets/public/img/flags/nz.png NZ
https://kalkinemedia.com/resources/assets/public/img/flags/uk.png UK
https://kalkinemedia.com/resources/assets/public/img/flags/ca.png CA
https://kalkinemedia.com/resources/assets/public/img/flags/us.png USA
https://kalkinemedia.com/resources/assets/public/img/flags/fr.png FRA
https://kalkinemedia.com/resources/assets/public/img/flags/de.png GER
https://kalkinemedia.com/resources/assets/public/img/flags/es.png ESP
https://kalkinemedia.com/resources/assets/public/img/flags/it.png ITA
https://kalkinemedia.com/resources/assets/public/img/flags/nl.png NLD
https://kalkinemedia.com/resources/assets/public/img/flags/pt.png PRT
https://kalkinemedia.com/resources/assets/public/img/flags/se.png SWE
https://kalkinemedia.com/resources/assets/public/img/flags/gr.png GRC
https://kalkinemedia.com/resources/assets/public/img/flags/in.png IND
https://kalkinemedia.com/resources/assets/public/img/flags/pl.png POL
https://kalkinemedia.com/resources/assets/public/img/flags/br.png BRA
https://kalkinemedia.com/resources/assets/public/img/flags/za.png ZAF
https://kalkinemedia.com/resources/assets/public/img/flags/ru.png RUS
https://kalkinemedia.com/resources/assets/public/img/flags/cn.png CHN
https://kalkinemedia.com/resources/assets/public/img/flags/ae.png UAE
Kalkine Media ASX Share Market News & Research
Sponsored

Bounty Oil & Gas (ASX: BUY) jumps 17% on kicking off Cooroo NW 7 appraisal program - Kalkine Media

July 07, 2022 03:20 PM AEST | By Akshay
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp
Bounty Oil & Gas (ASX: BUY) jumps 17% on kicking off Cooroo NW 7 appraisal program
Image source: © Pichitbo Megapixl.com

Recent News

thumbnail

Frost & Sullivan Appoints the Leadership Team as part of its Decision...

thumbnail

Schrödinger Shares Corporate Sustainability Progress in 2023 Report

thumbnail

They’ve Got Your Back: Meet American’s System Customer Service Manager...

thumbnail

Whirlpool Foundation Announces 2024 Sons & Daughters Scholarship R...

Highlights

  • Bounty Oil & Gas has successfully kicked off its 2022 oil appraisal program.
  • The appraisal well was spud on 30 June 2022 and had reached the final depth of 1854 m MDRT on 4 July 2022.
  • Cooroo NW Field is located within PL 36 Naccowlah Block of Queensland.

Shares of Bounty Oil & Gas NL (ASX: BUY) surged 17% on 5th July after the company announced the successful beginning of its 2022 oil appraisal program at its Cooroo Northwest Oilfield.

An independent oil and gas explorer, Bounty owns a 2% stake in the Naccowlah Block and oil production facilities.

The appraisal well was spud on 30 June 2022 and had reached the final depth of 1854m MDRT (measured depth below drill rig rotary table) on 4 July 2022. The well encountered good oil shows at both the Birkhead and the Hutton Formations. As of 6:00 am today, wireline logging was underway.

After wireline logging, casing and suspension of the well would be carried out by the operator for future oil production. The latest drilling activity was designed to appraise and develop producing regions at the oilfield.

The Cooroo NW 7 appraisal well was directionally drilled (deviated) at –

  • Latitude - 27 degrees 41 minutes 42.23” South
  • Longitude - 142 degrees 17 minutes 9.80” East

Bounty closed at AU$0.007 a share on 7 July 2022 with a market capitalisation of AU$9.59 million.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

5 ASX Companies Leveraging AI to Drive Growth in 2024



We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.