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Brookside mobilise completion for Rangers’ black gold

4 March 2022 15:32
ASX: BRK

Brookside Energy mobilised on completion of the Rangers well with sales imminent during spiking oil prices from its already-productive Oklahoma corner of the world-class Anadarko energy basin.

Completion equipment and personnel are expected to arrive on-site today to commence “plug and perforate” operations over the coming fortnight.

Rangers well is a direct offset to the Sundance Kid well which pumped out an initial rate exceeding 2000 barrels of oil equivalent a day and sustained high production numbers.

An opportune time for oil sales, the conflict in Ukraine brought crude’s already-growing spot price to a lofty US$110 per barrel.

One of more than 20 planned in oil-rich basin’s SWISH area of interest, next up comes the Flames well with pad construction already underway.

The company said it looked forward to keep investors appraised of its rapid developments.

“We are obviously delighted to be completing the final steps to bring our Rangers Well into production, and it is particularly pleasing to be faced with the opportunity to deliver the initial production from this well into oil prices at 10- year highs,” managing director David Prentice said.

While Rangers nears completion, updates on construction of the Flames well and other operations in the area of interest are soon expected.

BRK’s Australian Stock Exchange-Listed price is halted and was last trading at 1.7c (12:11 pm UTC+ 8 hours)

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