Bounty Moves Ensign 948 Rig to Utopia 12 Well Site

Bounty Oil and Gas disclosed Wednesday that the Ensign 948 rig move to the onshore Utopia 12 well site at Utopia Central will be completed immediately.

Bounty noted that the rig was released Feb. 17 from Utopia 14, but the move was delayed due to rain and local flood events in the last three days.

"These conditions have abated," Bounty said in its disclosure.

Bounty expects to spud Utopia 12 Thursday; the company will issue an update on the same day.

Bounty is participating with a 40 percent interest in the Utopia 12 well.

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