OIL

Utopia-6 to be completed as producer

ANALYSIS of wireline logs at Utopia-6 confirms at least six metres of oil pay in the Murta reserv...

Utopia-6 to be completed as producer

“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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