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Bounty Oil and Gas NL announces Utopia Oil Development Program

Sunday, 1 Dec 2013 08:34pm EST 

Bounty Oil and Gas NL:Says results from the recent oil development program at Utopia Oil Field in PL 214, SW Queensland.Says the Utopia 16 development well spudded at 2200 hours EST on Nov. 11 and after reaching TD at 1,095 meters MDRT was cased and suspended on Nov. 17 as a potential Murta Zone oil producer.Says the well encountered oil shows and fluorescence in the M2 sand of the Murta Zone with petrophysics analysis of logs confirming a potential oil column of seven meters in low productivity sands.Says oil was also encountered in the deeper Namur Sandstone. 

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