FREE DAILY STOCK MARKET NEWS

FREE DAILY STOCK MARKET NEWS

Brookside inches towards fire-up at Jewell Well

29 July 2021
ASX: BRK
Rueben Hale
Oil Well, mining

Brookside Energy Limited has taken another step towards its highly anticipated Jewell Well coming online in the US state of Oklahoma’s world-class Anadarko Basin.

With Liberty Oilfield Services standing-by holding the last nuts and bolts, pre-completion works are roaring along unhindered as the Perth-based company sticks a timely oil and gas sucking ‘Christmas’ tree on the cash-flowing wellhead while doing equipment checks.

The news comes amidst growing global interest in shale oil and gas and in less in than a week since securing prime acreage near the next planned Rangers Well, bringing the Perth-based explorer a step closer to realising a five-year, 20-plus-well programme expected to spurt out an equivalent of more than 11.6 million barrels of oil from across region’s most sought after areas.

Brookside plans to continue with regular updates as essential personnel and equipment continue to arrive on-site in anticipation of Jewell Well coming online soon.

The company’s Australian Stock Exchange-listed shares had lifted 3.23 per cent today, trading at 3.2c (2:23 pm GMT+ 8 hours).

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

https://brookside-energy.com.au/
https://www2.asx.com.au/markets/company/brk

FREE DAILY STOCK MARKET NEWS

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

You have Successfully Subscribed!