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Brookside stimulate Wolf Pack Well

18 January 2023 10:01
ASX: BRK

Brookside Energy have completed all stages of the hydraulic stimulation of the Wolf Pack Well, now successfully stimulated in accordance with design as it moves on bringing another oil well online in the world class Anadarko energy basin of Oklahoma.

It marks another achievement after a transformative 2023 as Brookside moves methodically towards another company-making year.

And with a large, proven inventory of high-impact and low risk wells to its name, the energy producer can continue to accelerate, with a trio of wells flowing cash as its Oklahoma tailwind.

The company said with every well it drilled, it was getting better and faster.

“Ultimately, the quicker we drill, complete, and turn the wells to sales, the quicker we generate returns for our shareholders. With the first of our 20-plus Phase 2 development wells we are doing just that, capitalising on the learnings from our three HBP wells, identifying efficiencies to our operations and applying them here,” executive GM Gracjan Lambert said.

“This is a great effort by the team in Oklahoma, and a great way to kick-off 2023. This should be an exciting year for Brookside and our shareholders.”

Brookside now plan to continue demobilisation of stimulation crew and equipment while milling out the isolation plugs ahead of circulating drilling fluids and cleaning up the well ahead of flowback.

BRK’s Australian Stock Exchange-listed share price has risen 16.67 per cent today, currently selling at 1.4c (9.48 am UTC+ 8 hours).

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