President
W.H. (Bill) Clark

Chief Financial Officer
Jan Klimosko

Exploration Team
Jon P. Clark
Julie Atkins
Terry Buchanan

Drilling & Operations
Coordinator
Kelly Adams

Manager of Land and Business Development
Paul Clark

Number of
Employees
13

 

Bounty Developments Ltd. is a 100% Canadian, private oil and gas exploration company located in Calgary, Alberta, Canada. The company has been actively exploring in the Western Canada basin since 1974, and currently maintains varying interests in more than 100 vertical and horizontal oil and gas wells. Bounty continues to use its geological and geophysical expertise to acquire and develop superior PNG and large oil resource projects.

Bounty Oil Sands is on the leading edge of geological and geophysical exploration of the Athabasca Oil Sands in Alberta for SAGD (Steam Assisted Gravity Drainage) development. Bounty holds working interests in more than 521 sections (133,376 hectares) of bitumen rich properties in the Athabasca oil sands region in northeast Alberta, Canada. These properties contain significant volumes of bitumen in place and hundreds of millions of barrels of contingent resources. Ongoing large drilling operations and seismic programs are currently in place in 12 project areas to develop properties for SAGD and other in situ production.

Bounty Developments Ltd. and Bounty Oil Sands prime directive is to identify, acquire and exploit low risk, high reward petroleum, natural gas and oilsands prospects through innovative exploration strategies utilizing leading edge geological, geophysical and petrophysical tools.

BOUNTY NEWS

Duvernay and Nordegg Liquids Rich Natural Gas and Tight Oil Projects 2012-Kaybob and Pembina
• Bounty has assembled more than 200 sections (128,000 acres) of premium land in or near the Kaybob and Pembina areas and is looking for an appropriate Joint Venture Partner. The primary targets are Liquids Rich Natural Gas and Tight Oil in the Duvernay and Nordegg formations. Other prospective formations include the Viking, Cardium, Gething, Fernie and Montney.

Oilsands Projects 2012

• Bounty and Surmont Energy Ltd. are concluding a successful winter drilling program at Surmont. A SAGD project application is planned to be filed in the summer of 2012 (more information to come)

Oilsands Projects 2011

• Bounty has sold its 20% working interest at MacKay River to Southern Pacific Resource Corp. (TSXV-STP). ERCB approval for a 12,000 bopd SAGD project, which is fully funded, was received in October, 2010
First oil is expected in Q2, 2012.

• Athabasca Oil Sands Corp. (AOSC) has acquired the entire interest of Bounty and its partner, Excelsior Energy Ltd., in Bounty’s HangingStone project. AOSC has approved accelerated development of this property with applications to file, first, for a 12,000 bopd SAGD project and, second,, a 25,000 bopd project proposed. As part of the sale of Bounty’s interest in Hanging Stone, Bounty reacquired a 100% interest of the Surmont property.

• Bounty has entered into farmout and related agreements with Oakpoint Energy Ltd. (OPEL) on over 200 sections of oil sands leases. OPEL will be using innovative, low cost, modular SAGD technology to develop SAGD projects on these leases.


Oil Resource Projects 2011-2012

• Drilling has commenced on a large block of highly prospective Viking and Cardium rights which Bounty has farmed out to Amarone Oil and Gas Ltd.

• Drilling has commenced on a large block of land in the Montney oil resource fairway which Bounty has farmed out to Expand Energy Corporation.

TECHNICAL PRESENTATIONS AVAILABLE ON REQUEST FOR ALL AVAILABLE PROPERTIES.

BOUNTY DEVELOPMENTS LTD. 1250, 340 - 12th. Avenue S.W. Calgary, Alberta, Canada T2R 1L5

Phone: (403) 264.4994 • FAX: (403) 266.6031 • Email: info@bountydev.com