Bounty
Oil & Gas NL
ANNUAL REPORT
2016
Front Cover
Kiliwani Gas Production Operations Songo Songo Island; Tanzania
KEY outcomes
Australia
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Bounty group revenue expected to approach $3 million pa in 2017 with:
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Tanzanian gas sales, and
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Commencement of oil production in south Surat Basin at Alton
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Group petroleum revenue for the year down 44% to
$1.08 million (2015: $1.91 million) impacted by lower oil prices
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Total revenue of $1.30 million (2015: $1.83 million)
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Cash and current assets at 30 June 2016 were $1.92 million with nil debt
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Tanzanian Gas + Australian Oil Business strategy on track to provide further growth with Surat Basin
production and 500 mmbbl OOIP prospect delineated in AC/P32 Timor Sea.
Tanzania - Nyuni Block
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Gas flowing into the East Tanzania gas pipeline and plant and commissioning completed
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Kiliwani North (KN) gas field anticipated to contribute revenue additions of $2 million pa
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New 3D seismic planned to image deep water turbidite gas plays of up to 1.3 TCF potential
Annual General Meeting
The 2016 Annual General Meeting will be held at
Amora Hotel Jamison Sydney, 11 Jamison Street, Sydney NSW 2000 on 25 November 2016
commencing at 11.00 a.m.
The Notice of Meeting and Proxy Form have been mailed separately from this Annual Report.
Bounty Oil & Gas NL Annual Report - 2016
TABLE OF CONTENTS
Page
Key Outcomes Inside
Cover
Chairman's Review 2
CEO's Review 3 - 6
Project and Operations Review 7 - 16
Corporate Governance Statement 17
Directors Report including Remuneration Report 17 - 29
Auditor's Independence Declaration 30
Consolidated Statement of Comprehensive Income 31
Consolidated Statement of Financial Position 32
Consolidated Statement of Changes in Equity 33
Consolidated Statement of Cash Flows 34
Contents of the Notes to and Forming Part of the
Financial Statements 35 -57
Directors Declaration 58
Independent Auditors Report to Members 59 -60
Additional Information Required by ASX Listing Rules 61 - 62
Schedule of Petroleum Tenements 63 -64
Abbreviations 65 - 66
Corporate Directory 67
Bounty Oil & Gas NL ACN: 090 625 353
ABN: 82 090 625 353
Annual General Meeting:
Website
Bounty maintains a website at: www.bountyoil.com
On our website you will find full information about the Company. Every announcement made to the Australian Securities Exchange (ASX) is published on the website. You will also find detailed information about the Company's Exploration and Production Permits.
Stock Exchange Listing
Bounty Oil & Gas N.L. securities are listed on the Australian Securities Exchange.
ASX Code: BUY
The 2016 Annual General Meeting will be held at Amora Hotel Jamison Sydney, 11 Jamison Street, Sydney NSW 2000, on 25 November 2016, commencing at 11.00 a.m.
The Notice of Meeting and Proxy Form have been mailed separately from this Annual Report.
