Bounty told the Australian Securities Exchange on Wednesday that drilling had been planned to carry on from the successful development programme completed in February.
This new work phase, which will use the 2011 Utopia 3D seismic survey and is designed to follow up on the oil discovery in the Utopia-14 well, is scheduled to start on Thursday, Bounty said.
The first development well to be drilled will be Utopia-17, located south-west of Utopia-14.
