Bounty Oil & Gas spuds Watkins North 1 well in Queensland

Australian gas & oil exploration company Bounty Oil & Gas NL has commenced its two-well oil exploration/appraisal program in the Naccowlah Block, Southwest Queensland, with Watkins North 1.

Watkins North 1 is a wildcat/ near field exploration well with a planned total depth of nearly 1840m measured depth below rig rotary table (MDRT). The well is designed to examine the Poolowanna/ Hutton/ Birkhead formations.

After completing the routine rig maintenance in four days, the well was spudded on 9 August. Santos Ltd. is the operator.

BUY will announce the results at the conclusion of the well. After the Watkins North 1 well is completed, the rig will be moved to drill Watkins North 2 well.

Bounty shares traded at AU$0.007 apiece at the time of writing on 9 August 2023. 

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