share placement kills credibility, page-5

This being said the following was still said:

Bounty will be the first company ever to drill in the area ­ we are pioneering energy
exploration in this offshore permit," Mr Fontaine said.

The company has recently undertaken research of the area including reprocessing of
seismic and aeromagnetic data and satellite analyses of hydrocarbon seeps.

"This research, combined with the fact that onshore Sydney Basin wells have flowed
gas and encountered oil shows, indicates the structure we're targeting may hold up
to 1.2 trillion cubic feet (Tcf) of recoverable gas," he said.

"A reserve of this size would provide sufficient gas to meet Sydney's entire energy
supply, at its current consumption rate, for at least the next 10 years. The work we're preparing to do is of vital importance to the state, its industry and its energy
consumers.