FREE DAILY STOCK MARKET NEWS

FREE DAILY STOCK MARKET NEWS

Brookside claims more fertile ground in energy-rich Oklahoma

22 July 2021

ASX:BRK

Rueben Hale

Single pump jack producing oil, sun rising taken from a tripod

Perth’s Brookside Energy Limited has extended its landholding within the oil and gas-rich southeast portion of Oklahoma’s world-class Anadarko Basin, claiming a “core of the core” chunk of prime acreage near the company’s next planned well.

The news comes as Brookside gets ready to turn on the tap at Jewell Well, the first in the company’s busy 5-year, 20-plus well-drilling program across three large development areas conservatively estimated to hold more than the equivalent of 11.6 million barrels of oil.

The company said the acquisition, which will increase its area of interest landholding by a whopping 13 per cent, would increase the flow of underdeveloped reserves pouring into the soon-to-be-developed Rangers Well nearby.

“We are very pleased to be able to bring this news to our shareholders this week,” managing director David Prentice said.

“The Black Mesa team continues to make great progress across all three pillars of the business, including with our  Jewell Well operations but also importantly on our land and leasing efforts within the [Sycamore and Woodford in the South Half] SWISH area of interest.

“This acquisition is a credit to the team and will have a very positive impact on our future development  plans for the Rangers Well, and on our reserves of oil and gas, our cash flows and future acreage  values for this project.”

Brookside today released its latest investor presentation and said it planned to keep the market regularly updated with the latest developments.

The company’s Australian Stock Exchange-listed shares had risen 3.85 per cent in late trade, trading at 2.7c.

LATEST VIDEOS

LATEST PODCASTS

No Results Found

The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.

MORE NEWS

Offshore Industry oil and gas production petroleum pipeline.
An Oilfield Worker in His Thirties Pumps Down Lines at an Oil and Gas Drilling Pad Site on a Cold, Sunny, Winter Morning
Brookside Energy has completed drilling and casing operations on its Jewell Well project in the world-class Anadarko Basin.

COMPANY OVERVIEW

Brookside Energy Limited is an Australian publicly held company listed on the Australian Securities Exchange (ASX:BRK). The Company was reinstated to official quotation on the ASX on 5 August 2015, following completion of the Company’s recapitalisation.

Brookside has established deep and valued relationships in the oil and gas sector over the last 10 years through its successful activities in the industry focused on the mid-continent region of the United States.

Brookside’s goal is to build value per share through a disciplined portfolio approach to the acquisition and development of producing oil and gas assets and the leasing and development of acreage opportunities.

COMPANY INFORMATION

ASX: BRK

Website
brookside-energy.com.au

Company Announcements & Stock Information
Click here

FREE DAILY STOCK MARKET NEWS

Join our mailing list to receive the latest stock market news.

You have Successfully Subscribed!