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Rangers preparing for production

17 January 2022

ASX:BRK

Jack Baker

Following the mould of its cash flowing Jewell WellBrookside is gliding toward production at Rangers with the heavy-duty Kenai Rig preparing to tap oil at 5300 metres.  

Site work has commenced in preparation for the well and anticipation of the imminent arrival of the lateral drilling rig with casing on the 2500m concrete cased lateral section completed.  

With production at the energy explorer’s Jewell well holding a peak rate of 1800 barrels a day, it has been a comfortable ride for the second as the company eyes more than 20 sites in its corner of the energy-rich basin.  

The Perth-based explorer continues forward with the coming of stimulation equipment and the construction of surface production apparatus.  

The company said operations are proceeding on schedule, safely and without incident.  

“Forward operations continue preparation of the site for the arrival of well stimulation equipment and commencement of completion operations,” the company said. 

The next steps for the company will be the construction of surface production equipment, including a heated horizontal separator, vertical heater treater, vertical separator, and four 750-barrel storage tanks.

BRK’s Australian Stock Exchange-listed price is trading at 2.1c (6:34 am UTC+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.

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