Producers Service Corporation completions crew. Source: Brookside Energy
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Brookside Energy (BRK) contracts a North American oilfields servicing company to complete its Flames well in Oklahoma ahead of production
  • Through a master services agreement, Producers Services Corporation will supply and operate the necessary equipment and personnel to complete the Flames Well
  • This work is due to kick off in the first week of June, to be followed by production and sales shortly after
  • Shares last traded at 2.1 cents on May 3

Brookside Energy (BRK) has contracted a North American oilfields servicing company to complete its Flames well in Oklahoma, ahead of production.

It follows the company’s announcement at the end of April that drilling of the well had reached a total depth of 18,140 feet, BRK’s longest well to date, and it had been cased with production casing.

Through BRK’s subsidiary, Black Mesa which operates the well, a master services agreement has now been executed with Oklahoma-based Producers Services Corporation (PSC) to undertake the services necessary to complete the well.

PSC reportedly has extensive experience in the SWISH area of interest where the Flames well is located, including conducting completion operations on the Sundance Kid well
in the unit contiguous to the west of Brookside’s Rangers drilling spacing unite.

The service company currently has two crews operating in the SWISH area, according to Brookside.

Completion equipment and personnel are expected to mobilise to the Flames well site in the first week of June to kick-off completion operations, and Brookside anticipates production and sales to follow shortly after.

Brookside shares last traded at 2.1 cents on May 3.

BRK by the numbers
More From The Market Online
The Market Online Video

Market Close: ASX holds green gains and signs off in the sunshine

The ASX200 closed .6 of a per cent up with every sector finishing in the green…
The Market Online Video

Infini Resources gearing up for UAV geophys survey over Portland Creek

Infini Resources has announced its execution of an application for UAV-based geophysical surveys over its Portland…

Week 18 Wrap: Fed prompts joy and pain; modern monetary theory gains traction & Brent takes a breather

The big stories that mattered in Week 18 of 2024 – plus a selection of headlines…