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Brookside draws first oil in Oklahoma

25 August 2021 20:50
ASX: BRK
The oil pump, industrial equipment

Brookside Energy Limited is counting the days before firing up its foundation Jewell Well in the US state of Oklahoma after concluding priming ahead of highly anticipated first oil flow results.

The company said it expects to finalise clean-up and preparations for flow-back operations in the coming fortnight after the timely completion of critical multi-stage hydraulic stimulation bringing first oil to the surface of the well.

The progress marks the near completion of Brookside’s first well amidst rapidly evolving plans for its next Rangers Well as part of its 5-year, 20-plus well-development schedule in the world-class Anadarko Basin.

“We are once again delighted to report the successful execution of this next stage of the completion process on the Jewell Well, “managing director David Prentice said.

“The operational success we continue to achieve in our SWISH area of interest reflects the good work and diligence of the Black Mesa team, our specialist contractors and consultants and all of the services companies and partners we have used on this project.

“We are looking forward to reporting on the flow-back and initial production results over the coming weeks and to providing updates as we move forward with our Rangers development.”

The company’s Australian Stock Exchange-listed shares rose 3.33 per cent,  trading today at 3.1c (2:25pm GMT+ 8 hours).

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