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Brookside Energy’s oil and gas production results confirm productivity in the SCOOP Play

Results from the parent well will enable Brookside to book significant proved undeveloped reserves.

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The results validate Brookside’s SWISH acreage acquisition strategy

Brookside Energy Ltd (ASX:BRK) has achieved a production rate of 1,828 barrels of oil equivalent per day (BOE/day) (67% oil) from the Bullard 1-18/7H well at the Anadarko Basin plays in Oklahoma, US.

The company has a 20.57% working interest in the well which recently commenced producing from the Woodford Shale in the SCOOP Play.

The well has produced about 73,000 BOE (69% oil) in its first 60-days of production (about 50,000 barrels of oil and 136 million cubic feet of gas).

These results were achieved from a 7,500-foot lateral producing from the Woodford Shale formation at a depth of about 8,050 feet.

Significantly, this well is located adjacent to (within about 5-miles) Brookside’s SWISH area of interest (SWISH AOI), which is the focus of the current leasing campaign.

 

The initial production results provide Brookside with further confirmation of the productivity of the Woodford Shale in this part of the SCOOP Play and validate its SWISH acreage acquisition strategy targeting both the Sycamore and Woodford Formations.

Brookside managing director David Prentice said: “We are again delighted to present the early production results from a new well to our shareholders and investors.

“These are very strong initial production results and we are thrilled that the Woodford Shale in this well is delivering great early indications of its productivity and reserve potential.

READ: Brookside Energy shares surge on achieving sustained production from Anadarko Basin wells

“The Bullard well is located in close proximity to our SWISH AOI and it provides us with an early look at what we can expect there when development gets underway.

“The Woodford, together with the Sycamore are central to the value creation model for SWISH and it is wonderful to have achieved this milestone so early in the evolution of the SWISH story.”

Quick facts: Brookside Energy Ltd

Price: 0.006 AUD

ASX:BRK
Market: ASX
Market Cap: $6.01 m
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Full interview: Brookside Energy expands oil & gas acreage position in...

Brookside Energy Limited (ASX:BRK) managing director David Prentice speaks to Proactive about the recent acreage expansion in the Anadarko Basin of Oklahoma, USA. Two additional SWISH Area of Interest (AOI) Drilling Spacing Units (DSUs), Rangers and Flames, have been secured in the...

on 3/3/20

2 min read