Join our daily newsletter At The Bell to receive exclusive market insights
- Brookside Energy’s (BRK) testing of sand at its Juanita Well results in a peak production test rate of 75 per cent oil or 329 barrels of oil equivalent (BOE)
- BRK restricted the flow of hydrocarbons to establish optimum production parameters, creating an average of 174 BOE or 76 per cent oil after 27 days of testing
- The sale of hydrocarbons will be ongoing during the program, with the Juanita Well producing approximately 5065 BOE to date
- The company reports it will continue to test the remainder of its primary target zones at the Simpson Group
- BRK shares were trading at 1.5 per cent at 11:00 am AEST
Brookside Energy (BRK) has completed the testing of sand within its Juanita Well, resulting in a peak production test rate of 75 per cent oil or 329 barrels of oil equivalent (BOE).
The Juanita Well is situated at one of Brookside’s pre-drill primary target zones, the Simpson Group, which is part of the company’s expanded Bradbury area of interest (AOI) within the Ardmore Basin in Oklahoma.
BRK established optimum production parameters by restricting the flow of hydrocarbons to test the performance of the well, resulting in an average of 174 BOE or 76 per cent oil after 27 days of testing.
Brookside Managing Director David Prentice said the company was “delighted” with the initial results from its Juanita Well testing program and that testing would now move on to the next zone of interest.
“The well has already showcased strong initial flow rates, demonstrating the robustness of the reservoir in this particular sand and the effectiveness of our prospecting and targeting program within the greater Bradbury AOI,” David Prentice said.
“We are actively leveraging the data and insights gained from these test results to optimize our plans to expand our footprint within the Bradbury AOI, and as always, we are looking to drive future growth and enhance returns for our shareholders.”
The company reported the sale of hydrocarbons is ongoing during the testing program, with the Juanita Well producing approximately 5065 BOE to date.
BRK reported its continuing to test the remainder of its primary target zones within the Simpson Group after the production testing of three lower secondary and tertiary targets revealed only a five per cent commercial oil cut.
BRK shares were trading at 1.5 per cent at 11:00 am AEST.
