- Brookside Energy (BRK) completes the third and final well of its SWISH Held by Production (HBP) program in the Anadarko basin, within the US
- The company have established sales and production of the Jewell and Rangers well, with the Flames well soon to join
- Activities will now be directed towards permitting and pre-drill activities for a group of the company’s low-risk, high-impact development wells
- Work begins on its first development well, the Ruby well, which will be drilled in the east half of the Jewel Drilling Spacing Unit (DSU)
- Shares in the company are trading steady at 1.6 cents each as of 10:49 am AEST
Brookside Energy (BRK) has completed the third and final well of its SWISH Held by Production (HBP) program in the Anadarko basin, within the US.
The company has established sales and production of the Jewell and Rangers well, with the Flames well soon to join.
Activities will now be directed towards permitting and pre-drill activities for a group of the company’s low-risk, high-impact development wells.
Brookside has submitted applications for drilling within the Jewell Drilling Spacing Unit (DSU) and is preparing applications for the Rangers DSU.
Work has begun on its first development well, the Ruby well, which will be drilled in the east half of the Jewel DSU.
Managing Director David Prentice said the completion of the HBP program is a milestone.
“We now find ourselves at the centre of a play that is developing very rapidly and delivering outstanding results in terms of production and sales at a time when commodity prices are at decade highs,” he said.
”The runway of low-risk extremely high return development wells that we have ahead of us is exciting and we look forward to keeping shareholders and investors updated as we move into this next phase of growth for the business.”
Shares in the company were trading steady at 1.6 cents each as of 12:49 pm AEST.