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Brookside full tilt at Jewell Well

9 August 2021
ASX: BRK
Rueben Hale

Brookside Energy Limited is moving at pace in Oklahoma as crews arrive at Jewell Well amidst imminent production.

The Perth-based company is developing its “core of the core” acreage position in the Sycamore and Woodford in the South Half area of interest located in a highly sought-after trend within South Central Oklahoma Oil Province in the world-class Anadarko Basin in the US.

The latest update comes just days after the company secured $9 million for its next planned Rangers Well as part of the company’s mission to potentially drill more than 20 wells in Oklahoma’s world-class Anadarko basin over the next five years

Brookside will perform a multi-stage stimulation of the lateral portion of the wellbore and complete the gas pipeline construction in advance of flowback operations, ahead of the rig coming online.

The company’s Australian Stock Exchange-listed shares had risen 6.45 per cent, trading today at 3.3c (11:00 am 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

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