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- Brookside Energy (BRK) exceeds pre-drill estimates at the Jewell well located in the world-class Anadarko Basin, Oklahoma
- The well reached a peak rate of around 1800 barrels of oil equivalent (BOE) per day
- Over 30 days, the well achieved an average of 1604 BOE per day, this sustained rate is significantly above pre-drill estimates
- On the market this morning, Brookside is up 4.35 per cent and is trading 2.4 cents per share
Brookside Energy (BRK) has exceeded pre-drill estimates at the Jewell well located in the world-class Anadarko Basin, Oklahoma.
The well reached a peak rate of around 1800 barrels of oil equivalent (BOE) per day, which included 75 per cent liquids and 25 per cent gas.
Over 30 days, the well achieved an average of 1604 BOE per day, this sustained rate is significantly above pre-drill estimates.
Currently, daily production at the well is now steady at around 1630 BOE per day.
“The Jewell Well has provided an exceptional peak rate and IP30 number but more importantly the ongoing steady production continues to exceed expectations,” Managing Director David Prentice said.
“The ongoing strong production and resulting high revenue from the Jewell Well will serve as a strong base for our 2022 SWISH development plans which are currently being finalised.”
Recently, the company was preparing to drill its second well in the SWISH Area of Interest at the Andarko Basin.
So far, BRK said construction of the all-weather multi-well pad and access road has been completed.
On the market this morning, Brookside was up 4.35 per cent and is trading 2.4 cents per share at 10:00 am AEDT.
