Bounty Oil And Gas NL Ubute 1 Final Report - Utopia Block

Bounty Oil & Gas NL announces that the Ubute 1 oil exploration well within the northern section of the Utopia block will be plugged and abandoned. Electric logs established the presence of thick sections of the Birkhead and Hutton Formations displaying reservoir quality sands but with only trace oil. 
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Source: ABN Newswire
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