Sydney, Australia, Feb 12, 2013 - (ABN Newswire) - Presenting to investors in Sydney on February 4th, 2013, Bounty Oil and Gas (ASX:BUY.AX - News) CEO Mr. Philip Kelso outlined the company's strategy and current projects as well as an overview of global oil demand.
Bounty is positioned to take advantage of highly prospective targets both domestically and offshore, with a cash flow from producing wells.
Mr. Kelso has 40 years experience as a lawyer and geologist.He started his career as a hard rock geologist and after 7 years switched to law in 1975. His law practice both as a solicitor and barrister focused on commercial, resources and environmental law. He has international oil and gas experience having worked on exploration, development, acquisition and commercialisation projects in Australia, North America, South East Asia and Europe since 1990.
He is past Chairman and Director of Dome Resources NL and has overseen mine development and operations. Until 2007 Mr. Kelso was Managing Director of Drillsearch Energy Limited and of its Canadian offshoot Circumpacific Energy Corporation. He managed the group's growth through project and equity financing as it participated in a major oil development project in the Cooper Basin and in development of its assets in the Western Canada Basin.
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About Bounty Oil and Gas Nl:
From its inception, it has pursued an active programme of land acquisition, exploration and development whilst remaining free of debt. The company has production at Utopia in SW Queensland and two undeveloped gas discoveries offshore Tanzania. Recently the project emphasis has been benn changed slightly from high impact offshore exploration to a greater emphasis on lower risk onshore oil appraisal and development opportunities in Queensland.
The management team and directors are well versed in the oil and gas business and cover all aspects from finance to technical operations management. In addition, Bounty has excellent relations with Australia's best consultants and international consulting firms and can call on a broad spectrum of expertise as required.
Bounty Oil and Gas Nl T: +61-2-9299-7200 F: +61-2-9299-7300 WWW: www.bountyoil.com/ Investorium.tv WWW: www.investorium.tv
Bounty Oil and Gas Nl
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