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- Brookside Energy (BRK) has begun mobilising a rig ahead of drilling the Jewell Well in the Anadarko Basin in Oklahoma
- Pre-mobilisation inspection, testing and maintenance work has been completed on the rig, and it’s expected to arrive on-site early next week and to spud the well on May 1, 2021
- In the meantime, ancillary and support equipment, as well as accommodation, are being installed
- The Oklahoma Corporation Commission has issued a permit for well to be drilled into the Sycamore formation to a depth of around 4.5 kilometres
- Brookside’s subsidiary Black Mesa has been named the operator
- Shares last traded at 2.3 cents on April 22, 2021
Brookside Energy (BRK) has begun mobilising a rig ahead of drilling the Jewell Well in the Anadarko Basin in Oklahoma.
Pre-mobilisation inspection, testing and maintenance work has been completed on the company’s contracted rig, Latshaw Drilling Rig 14. Latshaw is expected to arrive on-site early on April 26, 2021 and to spud the well on May 1, 2021.
“We are thrilled to be on the cusp of spudding this highly anticipated well, which has the potential to unlock enormous value for the Company and set us on a path to hold all of our Drilling spacing unit in the SWISH area of interest by production,” said CEO David Prentice.
In the meantime, Brookside is working with several other service providers to install ancillary and support equipment, as well as accommodation.
The Oklahoma Corporation Commission has issued a permit for well to be drilled into the Sycamore formation, to a depth of around 4.5 kilometres. Brookside’s subsidiary Black Mesa has been named the operator.
“The Black Mesa and Latshaw Drilling teams are working closely to safely and efficiently accelerate the drilling operations and we are looking forward to keeping our shareholders and the market updated as drilling progresses and we move though to completion operations and ultimately to the production of oil and gas from this well,” David added.
Shares last traded at 2.3 cents on April 22, 2021.
