ANALYSIS of wireline logs at Utopia-6 confirms at least six metres of oil pay in the Murta reserv...
“This will more than double the total field production from around 35 barrels per day to 85 barrels and will have a strong and positive impact on the field’s cash flow,” Bounty said.
“No shows of hydrocarbons were noted in the deeper secondary targets.”
Partners in the Utopia Oil Field are: Oil Wells Inc of Kentucky 60% (operator) and Bounty Oil & Gas NL 40%.
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