- Brookside Energy (BRK) starts to recover the stimulation fluids at its Rangers Well oil and gas play in Oklahoma, with the well flowing to temporary facilities on location
- The company says operations to remove remaining debris from milling operations and the stimulation process has been completed
- Managing Director Dave Prentice says a cut of oil and gas had been observed in the stimulation fluid that was being recovered as part of the flow-back process
- Brookside now plans to continue flow-back operations to recover stimulation fluids before turning the well from the temporary facilities to permanent production facilities
- Brookside shares are trading grey at 2.3 cents
Energy explorer Brookside Energy (BRK) has started to recover the stimulation fluids at its Rangers Well oil and gas play in Oklahoma, with the well flowing to temporary facilities on location.
The company this morning said operations to clean up the well to remove remaining debris from milling operations and the stimulation process has been completed.
Brookside said a cut of oil and gas had been observed in the stimulation fluid that was being recovered as part of the flow-back process.
Managing Director Dave Prentice said this was another milestone for the Rangers Well, which is the company’s second high-impact well in its Oklahoma SWISH area of interest.
“We are also obviously delighted to see oil and gas in the temporary facilities at such an early stage in the completion fluid recovery phase,” Mr Prentice said.
“We are looking forward to bringing updates from the flow-back to our shareholders as we start to flow the well through our permanent production facilities on location and commence sales of oil and gas.”
Looking ahead, Brookside said it now planned to continue flow-back operations to recover stimulation fluids before turning the well from temporary facilities to permanent production facilities.
The Rangers Well is operated by Black Mesa Energy, a controlled subsidiary of Brookside.
Brookside shares were trading grey at 2.3 cents each at 11:17 am AEDT. The company has a $91 million market cap.