BPH Energy Limited's (ASX:BPH) wishes to advise it has now received a Basis of Well Design Report for the Baleen well in in offshore license PEP11.
Bounty Oil and Gas Nl
Bounty has interests in other permits including Tanzania where it is a participant in the Kiliwani North Gas Field development and is exploring for additional gas pools with up to 1 TCF potential.
Bounty has reserves and resources approaching 4 million barrels of oil equivalent.
BPH Energy Limited (ASX:BPH) wishes to advise that investee Advent Energy Ltd has on behalf of the PEP11 joint venture submitted to the National Offshore Petroleum Titles Administrator (NOPTA) an application to extend the PEP11 permit offshore NSW.
The placement consists of 69,230,769 fully paid ordinary shares (Shares) at an issue price of $0.13 (13 cents) per share to sophisticated and professional investors under the Company's current ASX Listing Rule 7.1 placement capacity to raise $9 million.
BPH Energy Ltd (ASX:BPH) wishes to advise its investee company, Advent Energy Ltd (Advent) through its wholly owned subsidiary Asset Energy Pty Ltd (Asset), has signed a Preliminary Well Services Agreement (Agreement) with Add Energy.
BPH Energy Ltd (ASX:BPH) investee Advent Energy Ltd is pleased announce the appointment of Professor Peter Cook as an advisor on geosequestration (the geological storage of carbon dioxide) for its project in the Offshore Sydney Basin.
BPH Energy Limited (ASX:BPH) provides the Bounty Oil and Gas NL AGM Presentation.
The Baleen well program in PEP11(Offshore Sydney Basin) offers significant potential environmental benefits in carbon capture and storage (carbon reduction) for the greater Sydney/Newcastle area.
BPH Energy Ltd (ASX:BPH) wishes to advise that investee Advent Energy Ltd has now terminated by mutual consent the RL Energy Joint Venture Agreement for the PEP11 permit.
Bounty Oil and Gas NL (ASX:BUY) is pleased to announce that Utopia 14 development well at Utopia Oil Field SW Queensland has encountered very good oil shows in sandstones at the target Murta zone in the 12 metre interval from 1006 metres MDRT to 1018 metres MDRT.
FINANCE VIDEO: Bounty Oil and Gas (ASX:BUY) CEO Philip Kelso Presents at Investorium.tv on February 4th, 2013
Presenting to investors in Sydney on February 4th, 2013, Bounty Oil and Gas (ASX:BUY) CEO Mr. Philip Kelso outlined the company's strategy and current projects as well as an overview of global oil demand.