Project
partner
Bounty
Oil
&
Gas
said
on
Wednesday
the
Utopia-14
development
well
had
encountered
“very
good
oil
shows”
in
sandstones
at
the
target
Murta
zone
reservoir
in
a
12-metre
interval
measuring
from
1006
metres
to
1018
metres
downhole.
The
well
reached
total
depth
on
Wednesday
morning
and
was
currently
conducting
a
wiper
trip
in
preparation
to
run
electric
logs,
the
company
added.
This
latest
result
follows
news
that
Bridgeport
had
hit
two
to
three
metres
of
net
reservoir
at
the
Utopia-13
earlier
this
month.
Bounty
chief
executive
Philip
Kelso
said
the
fact
that…
