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Brookside mobilise for Rangers’ completion 

1 February 2022
ASX: BRK
Jack Baker

Brookside Energy is mobilised on Rangers’ completion, entering a contract with Texas-based Cudd Energy Services to put the finishing touches on its high-impact Rangers well in Oklahoma’s Anadarko Basin.  

As crude oil tops $US90 a barrel, keen eyes track Ranger’s path to production following Jewell Well, the first of 20-plus wells planned, outpacing forecasts and generating almost $3.6 million in sales at the time of Brookside’s most recent quarterly report.  

Subsidiary Black Mesa executed the master services agreement with the leading oilfield service company to supply and operate the completion equipment and personnel under its supervision.   

Production and sales will follow soon after the completion of operations kicks off in the first week of March.  

On their resume, Cudd has recent experience in the world-class oil area, conducting completion operations for Citation, one of the three major US energy players to buy into Rangers’ drilling spacing unit.

Pad construction at the Flames well is underway, the energy explorer’s third of over twenty planned for the basin. 

BRK’s Australian Stock Exchange-listed price was trading at 2c (12:49 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.

COMPANY INFORMATION

ASX: BRK

Website

https://brookside-energy.com.au/
https://www2.asx.com.au/markets/company/brk

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