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Brookside Energy (ASX:BRK) secures drilling rig for Rangers Well

Energy
ASX:BRK      MCAP $64.32M
08 September 2021 07:50 (AEST)
Brookside Energy (ASX:BRK)- Managing Director, David Prentice

Source: The Market Herald

Brookside Energy (BRK) has secured a rig to drill its Rangers Well in Oklahoma’s Anadarko Basin.

After the Jewell Well, Rangers is set to be the second well drilled by the company within the SWISH Area of Interest (AOI).

To secure the equipment BRK’s controlled subsidiary, Black Mesa Energy, executed a drilling bid proposal and daywork drilling contract with California-based Kenai Drilling.

The contractor reportedly operates a modern rig fleet and is based in an office nearby in Oklahoma City.

According to Brookside, Kenai Rig 18 is a newer generation rig than that used to drill the Jewel Well. It has been operating extensively in the Southern Scoop area, drilling horizontal wells for privately owned operators and is currently at work in the SWISH AOI.

The company is working with Kenai to align its drilling slot with the availability of related well services and materials, which BRK is in the process of securing.

Commenting on the news, Brookside Managing Director David Prentice said the company was delighted to work with the team at Kenai Drilling.

“Through its decades of experience and modern rig fleet they are a great partner for Brookside to work with as we kick-off our second well in our SWISH AOI drilling campaign,” he said.

“With a large focus on the mid-continent and considerable experience drilling in the Anadarko Basin, Brookside will benefit from Kenai’s local experience, personnel and equipment.”

With the rig secured and pad works reportedly proceeding to schedule, Mr Prentice said the Black Mesa Team was working to lock down key agreements with other service providers ahead of spudding.

Brookside’s shares closed at 3.3 cents on September 7, 2021.

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