Bounty Oil & Gas NL (Bounty) reported that its 2023 oil appraisal program is commencing in the Tequila and the Cooroo Northwest Oilfields, Naccowlah Block, SW Queensland. This program continues the oil appraisal program in Naccowlah Block which re-commenced with the successful Cooroo Northwest 7 well in July 2022. The 4 well 2023 program is designed to further appraise and develop the producing zones at those fields. The joint venture achieved excellent appraisal and NFE well results in the 2019 - 2020 period prior to COVID interruptions. The 2023 program is starting with Tequila 2. Well details ¡ Tequila 2: - Tequila 2 is located in PL 23 Naccowlah Block approximately 8 kms north-west of the Jackson Oil Facility. Tequila 2 is a vertical appraisal well with planned total depth of 1757 metres MDRT designed to further test several zones in the Murta/Birkhead Formations. Location: Latitude - 28 degrees 2 minutes 42.23" South; Longitude - 141 degrees 57 minutes 11.75" East. Status: Rigging up the Ensign 967 Rig in preparation to spud surface hole in next 24 hours. Results will generally be reported at the conclusion of the well.
Bounty has a 2% interest in the Naccowlah Block and oil production facilities.