Bounty Oil and Gas Nl

Bounty Oil and Gas NL (ASX:BUY) (PINK:BYOGF) is pleased to announce that the "Ocean Patriot" semi submersible drill rig reached the New Seaclem-1 drilling location, 55 km due east of Newcastle, NSW, and ran the first anchor at approximately 0700 AEDST.

Bounty Oil and Gas NL (ASX:BUY) (PINK:BYOGF) is pleased to announce that the joint venture has received approval from the Commonwealth Department of Sustainability, Environment, Water, Population and Communities for the drilling of New Seaclem-1, in PEP 11 offshore Newcastle, NSW.

MEC Resources Limited (ASX:MMR) is pleased to advise that investee company Advent Energy Limited (Advent) has received approval from the Commonwealth Department of Sustainability, Environment, Water, Population and Communities (DSEWPC) for the drilling of New Seaclem-1, offshore Newcastle, NSW.

MEC Resources Limited (ASX:MMR) investee company Advent Energy Ltd (Advent) has advised that it (through wholly owned subsidiary Asset Energy Pty Ltd) has taken operational control of the Ocean Patriot semi-submersible drilling rig overnight.

Bounty Oil and Gas NL (ASX:BUY) (PINK:BYOGF) is pleased to announce that farmin partner; Advent Energy Ltd has advised that operational handover of the "Ocean Patriot" semi submersible drill rig to Advent was completed last night offshore from east Gippsland, Victoria and it is now under tow north towards the New Seaclem-1 drilling location, located in PEP 11, 55 km due east of Newcastle, NSW.

Bounty Oil and Gas NL (ASX:BUY) (PINK:BYOGF) is pleased to announce that the Utopia 10 oil well in the Utopia Field, SW Queensland has successfully intersected the target Murta Formation producing zone at the predicted depth of 1018 metres BRT and has reached total depth (TD) of 1141 metres BRT.

Bounty Oil and Gas NL (ASX:BUY) (PINK:BYOGF) is pleased to announce that farmin partner; Advent Energy Ltd has advised that it anticipates that operational handover of the "Ocean Patriot" semi submersible drill rig to Advent will occur tomorrow Wednesday 8th December 2010.

Bounty Oil & Gas NL (ASX:BUY) is pleased to update progress on timing for the New Seaclem 1 well in PEP 11, offshore Sydney Basin.

Bounty Oil and Gas NL (ASX:BUY) (PINK:BYOGF) announces that the Utopia 10 oil development well in Utopia Field; PL 214 Eromanga Basin, SW Queensland will spud today. The Utopia Field lies 50km southeast of the town of Eromanga.

Bounty Oil and Gas NL (ASX:BUY) (PINK:BYOGF) releases the Chairman's Address given to the Annual General Meeting held 29 November 2010.