Bounty Oil and Gas Nl

Bounty Oil & Gas NL (ASX:BUY) (PINK:BYOGF) announces that farmin partner; Advent Energy Ltd (Advent) has received a provisional date of Tuesday 7 December 2010 for the commencement of the operational handover of the semi submersible rig "Ocean Patriot" in preparation for drilling of the New Seaclem 1 exploration well in PEP 11 offshore Sydney Basin. The rig has been drilling in Bass Strait, offshore eastern Victoria.

Bounty Oil & Gas NL (ASX:BUY) (PINK:BYOGF) releases offer document in connection with the 1:10 non-renounceable rights issue at A$0.10 (10 cents) announced to ASX on 17 November.

MEC Resources (ASX:MMR) is pleased to announce that second independent report finds PEP11 New Seaclem-1 Well Gas "Highly Likely" MEC investee company, Advent Energy Ltd ("Advent") is pleased to advise that it has received and reviewed a report from global geoscientific and environmental consultants RPS Group (RPS) describing gas as "highly likely "at the target drilling depths for the New Seaclem-1 Well.

Bounty Oil and Gas NL (ASX:BUY) (PINK:BYOGF) announces that the company will make a non renounceable rights issue of one share for every ten shares held by holders of shares in Bounty at 5 pm. ( Western standard time (WST) ) on 25 November 2010.

MEC Resources (ASX:MMR) is pleased to advise that Advent Energy has received approval from Industry & Investment NSW (I&I NSW) for the drilling of New Seaclem-1, offshore Newcastle, NSW. The NSW Department of Industry & Investment trades as Industry & Investment NSW (I&I NSW).

Bounty Oil & Gas NL (ASX:BUY) (PINK:BYOGF) announces that the Ubute 1 oil exploration well within the northern section of the Utopia block (ATP560P) will be plugged and abandoned. Electric logs established the presence of thick sections of the Birkhead and Hutton Formations displaying reservoir quality sands but with only trace oil. These Formations contain major oil reserves in the area and proof of their presence upgrades the potential for stratigraphic traps in the Utopia Block and for conventional traps in ATP 789P Bargie South Block (100% Bounty) to the north.

Bounty Oil & Gas NL (ASX:BUY) (PINK:BYOGF) announces an update on preparations to drill the New Seaclem 1 exploration well in PEP 11.

Bounty Oil & Gas NL (ASX:BUY) (PINK:BYOGF) announces that the Ubute 1 oil exploration well within the northern section of the Utopia block (ATP560P) has reached total depth of 1414 metres without encountering hydrocarbon shows in any of the primary or secondary target zones.

BPH Corporate Limited (ASX:BPH) is pleased to provide an update regarding its investee company Advent Energy Ltd's capital raising program and planned drilling activities within PEP11, offshore NSW.

Bounty Oil & Gas NL (ASX:BUY) (PINK:BYOGF) is pleased to announce the Ubute 1 oil exploration well in ATP 560P Eromanga Basin SW Queensland will spud today and be drilled by ADS Rig 6.