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Brookside Energy shows outstanding flows at second well

22 June 2022

ASX:BRK

Jack Baker

Brookside Energy has recorded Rangers Well at 1310 barrels of oil equivalent per day during flow back, producing over 73,000 barrels from the energy-laden soils of Oklahoma since coming online.

Revenues from the high-impact well have already hit US$6.75 million after just two and a half months of production.

Sales from Rangers join an already-humming Jewell Well, which delivered an advanced payout while yielding less total liquids than its younger brother while exceeding pre-drill estimates for a flourishing energy market.

 

Location map showing the location of the Rangers Well and Brookside’s three operated SWISH AOI DSU’s

The company said its Flames Well would soon join the others to make it three production sites in the sooner state.

“Brookside’s prospects have never looked better with growing revenue and production combined with a strong pricing environment,” managing director David Prentice said.

“We have proved the value of our Rangers DSU and reinforced to the market our ability to deliver on our strategy, quickly cementing our position as a top operator and significant ASX listed energy company.”

The energy producer will continue to accelerate ambitions for over twenty sites across the Anadarko Basin as soon as 2026.

BRK’s Australian Stock Exchange-listed share price has risen 15.384 per cent today, selling at 1.5c (9.12 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

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