The Market Online - At The Bell

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

  • Brookside Energy (BRK) recovers oil and gas at its Flames Well in the Anadarko Basin, Oklahoma, during the start of flow-back operations
  • The Flames well is the third in the company’s SWISH Area of Interest and is currently flowing to temporary facilities as the stimulation fluids are recovered
  • Moving forward, Brookside plans to turn the well to permanent production facilities to continue recovering stimulation fluids and begin oil and gas sales
  • Brookside Managing Director Dave Prentice says this marks a significant milestone for the company as its longest lateral well drilled to date is set to be turned to sales
  • Company shares last traded at 1.6 cents on July 20

Brookside Energy (BRK) has recovered oil and gas at its Flames Well in the Anadarko Basin, Oklahoma, during the start of flow-back operations.

The company began preparing for flow-back operations last week and said since then, operations have proceeded on schedule, safely and without incident.

The Flames well is the third in the company’s SWISH Area of Interest and is flowing to temporary facilities on location as the stimulation fluids are recovered.

The temporary facilities have been designed to remove sand and other debris from the fluids.

Moving forward, Brookside said it planned to turn the well to permanent production facilities to continue recovering stimulation fluids and begin oil and gas sales.

“This is a significant milestone in our SWISH HBP program, with the Flames Well (our longest lateral drilled to date) successfully drilled, cased, and completed for production and now set to be turned to sales,” Brookside Managing Director Dave Prentice said.

“Our team in Oklahoma continues to deliver first-class results, highlighting that our small but very experienced team can bring these big wells online efficiently and maximise the potential of the oil and gas resource contained within our world-class land holdings in the southern SCOOP.”

Brookside shares last traded at 1.6 cents on July 20.

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

Market Close: ASX200 takes a slide into the weekend

The ASX200 shed 0.85% today – with every sector – except materials, losing ground. IT stocks…

Week 20 Wrap: EU-to-China cargoes up 12% YTD; US CPI tame

US inflation was the biggest data drop of the week; Anglo American is restructuring to fend…
The Market Online Video

Market Update: ASX dips with only materials afloat

The ASX is down nearly half a per cent - on par with future's predictions -…

Patagonia grows portfolio of REE and lithium-focused territory with exploration grants

Patagonia Lithium Ltd has been granted an additional 15 exploration licences in Argentina where it is…