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Brookside nears the finish line at Jewell Well

11 August 2021
ASX: BRK
Rueben Hale

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).

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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