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Bounty Oil and Gas NL is engaged in exploration for, development, production and marketing of oil and gas (petroleum). The Company's segments include Oil and gas exploration, development and production, including production projects, development projects and exploration projects, and Investment in listed shares and securities. The Company's core projects include Carnarvon Basin, which surrounds Rough Range Oil Field and located 60 kilometers South of Exmouth; Cooper/Eromanga Basin; Southern Surat Basin, which is located 40 kilometers Northeast of St. George, surrounding Alton Oil Field, and Surat Area, which is located South East of the town of Surat, Southeast Queensland. The Company's growth projects include AC P32, which is 500 kilometers Northwest of Darwin, Northern Territory, Australia; Nyuni Block, which is located over 30 kilometers offshore from the Rufiji Delta Tanzania, and PEP 11, which is located at offshore Sydney Basin, New South Wales.