Ann: Quarterly Activities Report and App 5B September 2015, page-9

Hi kolubara,

Firstly to all Buy'ers  - (most shareholders  IMHO a very disappointed group)  

A very Happy New Year and hopefully a hell of a lot better than 2016 for this very disappointing Company and its  Management.

kolubara --- noticed your comments to' whitelight''''....it pays to read quartlerly statements''''.. Sure does. Maybe you could throw  some 'Light' on the following as I have read the statement and cannot fathom out some figures/statements/payments etc .

To best of my knowledge and a few Accountants understandings of ' Receipts and Revenue' !!! same thing .

Love to have your comments and happy to be proved wrong !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!  For this exercise lets forget A$   or US$ --- just look at $$$$  figures.

What have I missed???


The following from the Coy's Qtly Report ending Sept 2016.

Page 1

Revenue:
Q1 1 July - 30 September   2016 $
Kiliwani North Bounty Share (9.5% Interest) - Gas $531,484
ATP 1189P(2) Bounty Share (2% Interest) $134,902

Total Revenue (1) $666,386


Page 8
Bounty Oil and Gas NL Quarterly Activities Report and Appendix 5B – September 30, 2016
gas delivery system ramps up. Current production is accruing gross revenue to the joint venture of US$1.560  million per month   (Bounty’s share US$148,200 or A$195,000 per month).

---------------------------------------------------------------------------------------------------------------------
   Appendix 5B

(Heading)
Mining exploration entity and oil and gas exploration entity quarterly report
Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/13, 01/09/16
Name of entity
BOUNTY OIL & GAS NL

1. Cash flows from operating activities
   1.1 Receipts from customers $128 128

(d) staff costs   $261,000
(e) administration and corporate costs    $236,000

1. Payments to directors of the entity and their associates Current quarter $A'000
   6.1 Aggregate amount of payments to these parties included in item 1.2   $213,000
   6.2 Aggregate amount of cash flow from loans to these parties included
   in item 2.3 $ 35,000
   6.3 Include below any explanation necessary to understand the transactions included in
   items 6.1 and 6.2

Directors fees and other fringe benefits are paid to related entities in accordance with service
contracts.
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My comments :-  (love to have your explanation ....................Thanks.. kolubara)

Where is the difference between ' Total Revenue (1) $666,386'  and 1.1 Receipts from customers $128 128

  Page 8
Bounty Oil and Gas NL Quarterly Activities Report and Appendix 5B – September 30, 2016
gas delivery system ramps up. Current production is accruing gross revenue to the joint venture of US$1.560  million per month

  (Bounty’s share US$148,200 or A$195,000 per month).


Also -----------------  seems a lot of  $$$  to Directors etc for a 3 months period..


I also note  ' Shareholders'  (those animals that have funded this Coy for many a year on year on year... have receivet the total sum  of ---- wait for it   $000,0000.00

Also if the Coy's Statement Page 8 re '......(Bounty’s share US$148,200 or A$195,000 per month). '

Hell we are in for a big revenue/Receipts $$ figure  --  ?????

Look forward to your constructive comments.

Keep safe all BUY'ers  

The Phantom.