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Brookside builds capacity for next well in Oklahoma

8 September 2021
ASX: BRK
Rueben Hale

With pad works well-underway, Brookside Energy has upscaled to new technology securing the use of a high-powered and longer range rig ahead of getting underway with drilling for its second well in the US state of Oklahoma’s world-class Anadarko Basin.

As anticipation on first oil flow rates at the company’s foundation, Jewell Well, intensifies the company has appointed highly experienced Kenai Drilling for the first well in the Rangers drill spacing unit under the supervision of its subsidiary Black Mesa Energy.

Brookside said the opportune availability of the high-powered Kenai Rig 18 exceeded the specifications for timely completion of multi-directional drilling at the Rangers Well while complying with all health, safety and environmental requirements.

“We are delighted to have the opportunity to work with the team at Kenai Drilling to maintain our operating momentum in the SWISH AOI,” managing director David Prentice said.

“Through its decades of experience, and modern rig fleet they are a great partner for Brookside to work with as we kick off our second well in our SWISH AOI drilling campaign.

“With a large focus on the mid-continent and considerable experience drilling in the Anadarko Basin, Brookside will benefit from Kenai’s local experience, personnel, and equipment.”

Brookside will continue to focus on locking down agreements with service providers and look forward to keeping people informed with regular updates as the project progresses.

The company’s Australian Stock Exchange-listed shares were trading at 3.2c today (11:07 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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