This is the relationship. BUY traded over 34 million shares...

This is the relationship. BUY traded over 34 million shares yesterday and close to 9 million so far today.

ASX/MEDIA RELEASE
PEP.11 ? Offshore Sydney Basin
Bounty Oil & Gas N.L. (?Bounty?) notes that trading in its shares on the ASX today has
seen slightly unusual share and volume movements.
Bounty has a contractual relationship with Asset Energy Pty Limited (?Asset?), a wholly
owned subsidiary of Advent Energy Limited (?Advent?). Bounty and Asset have a
contract in the nature of a farm-in option for Asset to earn an additional 60% in PEP.11,
offshore Sydney Basin from Bounty by the drilling and completion of the exploration
well New Seaclem 1.
Bounty notes that three (3) ASX listed companies holding shares in Advent, namely
MEC Resources Limited (ASX: MMR), Grandbridge Limited (ASX: GBA) and BPH
Corporate Limited (ASX: BPH), have this afternoon released short statements in
connection with commentary published and relating to those companies and PEP.11.
Bounty provided a PEP.11 update to ASX in its quarterly report on 2nd November,
2010. Bounty is not aware of any other material information which Bounty should
release to ASX and is in compliance with its continuous disclosure obligations.