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Brookside score another Oklahoma TD

23 January 2023 10:35
ASX: BRK

Brookside Energy keeps the rig spinning in Oklahoma, successfully reaching a total depth of around 6350 feet at the Juanita Well with oil shows in all 10 potential reservoirs.

The milestone comes in with extensive oil shows and gas readings observed across the primary, secondary and tertiary targets for the company’s first well in an expanded Bradbury Area of Interest.

Some of the zones targeted at Juanita are located within the very productive Simpson Group, all of which are producers in the area, and provide a mean cumulative production from vertical wells within Bradbury of around 130 million barrels of oil per well, with a whopping 744 MBO producer located under a mile east of Juanita.

With such a promising target base, Juanita looks to be a strong addition to Brookside’s inventory of high-impact and low-risk Oklahoma wells, with its Jewell, Rangers and Flames wells producing high-quality black gold from the SWISH AOI — bringing in over 13.2 million dollars in revenue from Rangers alone.

The company said it is pleased to have reached total depth at its first well in the Bradbury AOI.

“We are encouraged by the results seen in the mud logs and are eagerly awaiting the results from the wireline logging operations, we are looking forward to providing further updates as operations continue on the Juanita Well” managing director David Prentice said.

Brookside now plans to begin operations for run and set production casing based on wireline logging results.

BRK’s Australian Stock Exchange-listed share price is currently trading at 1.4c (10.24 am UTC+ 8 hours).

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