Licence
partner
Bounty
Oil
&
Gas
said
oil
shows
had
been
observed
in
the
the
Murta
zone
oil
reservoir
which
had
similar
characteristics
to
the
Utopia-3
production
well
to
the
north.
It
added
about
two-to-three
metres
of
net
reservoir,
out
of
4
metres
of
gross
reservoir,
was
proved
above
the
oil
water
contact
in
the
well.
Bounty
had
elected
to
go
non
consent
in
the
Utopia-13
well
but
holds
buy
back
in
rights
under
the
joint
operating
agreement.
The
well
will
now
be
cased
as
a
production
well
before
focus
switches
to
the…
