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Brookside draws first oil in Oklahoma

25 August 2021

ASX:BRK

Rueben Hale
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).

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

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