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Brookside cap another Rangers marker

24 March 2022
ASX: BRK
Jack Baker

Brookside Energy polished off the crucial hydraulic stimulation stage at Rangers Well and moved to final completions and flow back from its Stephens county base in the US state of Oklahoma.

The Perth-based company fast tracks the development of both the Rangers and Flames Wells with oil set to consolidate gains into the foreseeable future.

A boosted bottom line from the two wells and an already-humming Jewell site, in turn, brings momentum for over 20 low-cost rigs operational by 2026.

The company said every stage was being pumped away to plan.

“We are now ready to remove the isolation plugs, clean up the well and commence a fantastic time flowing back this high-impact well,” managing director David Prentice said.

The final stage of Rangers’ completions could take as little as a fortnight with Flames successfully spudded and moving onwards.

BRK’s Australian Stock Exchange-listed share price was trading at 2.4c today (6.57 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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