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).