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Brookside Energy welcomes strong peak production test rate at Juanita well

Brookside Energy welcomes strong peak production test rate at Juanita well

Brookside Energy Ltd (ASX:BRK) managing director David Prentice updates Proactive’s Elisha Newell on production testing at the Juanita well — the first oil and gas asset to come under the microscope in the Bradbury area of interest within Oklahoma’s Ardmore Basin. A strong peak production test rate of 258 barrels of oil equivalent per day (BOEPD) — originating from the well’s secondary target sand — gives Brookside hope it can commingle two zones and facilitate commercial production. Prentice also provides the rationale for a buy-back scheme, aimed at generating the best returns for shareholders and delivering higher value.