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Brookside Energy (ASX:BRK) moves to complete Flames Well

ASX News, Energy
ASX:BRK      MCAP $66.70M
09 June 2022 09:30 (AEST)

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Brookside Energy (BRK) is preparing for completion operations at its Flames Well in the Anadarko Basin, Oklahoma.

The well is the company’s third and longest lateral well to date in its SWISH Area of Interest.

It was drilled by Kenai Drilling company as a full-length horizontal well targeting the Woodford formation at around 7800 feet.

Drilling finished at 18140 feet where the well was cased with production tubing, to be perforated and treated to allow production of oil and gas.

Ahead of completion, surface facilities have been constructed with the well connected to the gas sales line.

Mobilisation of Producers Service Corporation’s equipment and operating crew is also underway, with completion operations set to start shortly.

The company maintains that work is proceeding on schedule and without incident.

Executive General Manager Gracjan Lambert said the team is “very keen” and “excited” to complete the well and start production in what he labelled a “very strong oil and gas commodity market.”

Additionally, Mr Lambert said having the third well online would complete Brookside’s held-by-production program, which would mark a significant milestone for the company as it plans its next stage of growth.  

Brookside shares last traded at 1.4 cents on June 8.

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