bounty oil option for 12.5% of atp855p , page-4

I think you will find that this like the Beach & ICN farm out agreement has not been finalised again back in 2009 so another scenario to throw into the mix.

BUY do have an interest in PEL218 CSM & oil but not the shale component.


Participants in Wakefield- 1 Pel 218 Top Of Permian Level, as of 29 Sept 2009 are:

Beach Petroleum 23.33% (Operator)
Adelaide Energy Ltd 10%
Icon Energy Ltd 33.33%
DEKA Resources Pty Ltd 5.02%
Well Traced Pty Ltd 5.02%
Bounty Oil & Gas NL 23.28%