Wow, what an announcement!Let’s update the Cerberus opportunity...

Wow, what an announcement!

Let’s update the Cerberus opportunity with some numbers,

· 25% interest in Carnarvon Basin oil exploration licenses EP475, EP 490, EP 491 and TP 27 (collectively “Cerberus”) noting, "Three of Bounty’s preferred Triassic prospects for the Drilling Program....target Gross Mean Unrisked Prospective Resources of 627 million barrels." as per initial announcement.

BUT this announcement says,

·What does significantly upgraded mean? Say conservatively 20% so we are looking at potential 752 million barrels estimated

·Rough estimated value (1/3 Rule) in ground could be circa A$38B @ A$156bbl of

which Bounty currently has a minimum of 25%- Circa A$9.7B noting BUY market cap is currently only A$16m

·Cerberuslies south of the Jadestone Energy Plc operated Stag Oil Field, north-east of the Chevron Australia Pty Ltd operated Barrow Island Oilfields and east of Santos Limited operated Oil and Gas Fields on Thevanard Island" Prolific Oil producing field in shallow water "25-50m"

·"Options during the next six (6) months to earntwo 25% tranches for additional participating interests by funding $9 million and $12million respectively towards The Drilling Program." AND" Operators of both fields have active Programs in 2022 and Bounty and Coastal are assessing the possibility of utilising a jackup from one of these campaigns to minimise mobilisation costs for the Drilling Program. "Drilling to commence in 2022

·Potential total of 75% - rights to an additional 50% noting "Bounty and Coastal will co-operate on exercise of these options and any additional entrants to the Drilling Program." Who else will come in? Maybe the following is a clue......"Ted Jacobson Founder of both Discovery Petroleum and Tap Oil as well as a former Director of both Tap Oil and Carnarvon Petroleum" Great connections, knowledge and he knows his stuff and believes there is a significant oil discovery in Cerberus AND

·Carnarvon Energy Limited ("Carnarvon") (ASX:CVN) provides the following update in neighbouring field

·Current BUY valuation is not pricing in Cerberus and is going to break out significantly IMO!

·DYOR & GLTAH