Brookside Energy Limited is eyeing the oil at the end of the tunnel as Jewell Well nears the finish line in Oklahoma.
With Liberty Oilfield Services settled and the sales line connected, Brookside is well-underway with simulation operations in advance of the final weeks of checks and preparations before going live in early September.
The latest update comes less than a week after the Perth-based explorer successfully raised $9 million to fast track development of its nearby Rangers Well as part of its 20-plus well-development program in the energy-rich Anadarko Basin in the US.
Brookside said Liberty is rigged up and ready to begin a comprehensive seven to 10-day “plug and perforate” operation across the platform, with final examinations, de-isolation procedures and cleanup taking around two to just under three weeks.
The company’s Australian Stock Exchange-listed shares were trading today at 3.3c (11:00 am GMT+ 8 hours).
