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Brookside Energy (ASX:BRK) steps closer to drilling Rangers Well

ASX News, Energy
ASX:BRK      MCAP $66.70M
09 December 2021 10:06 (AEST)

Equipment arriving on location. Source: Brookside Energy

Brookside Energy (BRK) is a step closer to drilling its second well in the SWISH Area of Interest in the Anadarko Basin of Oklahoma following mobilisation of a drill rig.

The Andarko Basin is said to be a heavyweight among United States shale regions in terms of oil and natural gas production.

The company announced its intentions to mobilise the Kenai Rig 18 to the Rangers Drilling Spacing Unit on December 2.

Mobilisation reportedly commenced on December 6, as per the company’s schedule, with 30 truckloads of rig equipment, pipe and control equipment arriving on time.

Rig equipment is still arriving and Brookside will now work to set in the rig as well as commence pre-spud testing and commissioning operations.

The Rangers Well is expected to spud in the week commencing December 13.

The Rangers 36-25 SXH 1 Well follows the initial Jewell well, where the company reported production had exceeded pre-drill estimates.

Rangers is located around eight kilometres (five miles) to the east of Jewell and Managing Director David Prentice previously said the company is looking forward to breaking ground here, fresh off the operational success at Jewell.

Shares last traded grey at 1.8 cents on December 8.

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