logo-loader
Brookside Energy Ltd

Brookside Energy’s STACK Play acreage continues to deliver impressive results

The Henry Federal 1-8-5XH well (Brookside 7.27% working interest) has been successfully drilled, completed and turned to sales.

Brookside Energy Ltd - Brookside Energy’s STACK Play acreage continues to deliver outstanding results
The well has now been online for almost three months

Brookside Energy Ltd (ASX:BRK) is continuing to witness outstanding production results from its non-operated development activities within the STACK Play acreage in the world-class Anadarko Basin, Oklahoma.

Continental Resources, Inc. (NYSE:CLR) operated Henry Federal 1-8-5XH well (Brookside 7.27% working interest) has been successfully drilled, completed and turned to sales.

This horizontal well producing from the Meramec formation delivered an initial production rate (IP24) of 1,319 barrels of oil equivalent (65% oil).

Pre-drill estimates

These initial results are very encouraging and are expected to support ultimate recoveries at the upper end of the range of estimates for Brookside’s STACK Play acreage.

The well has now been online for almost three months and Brookside will provide further detail on sustained production results and cash flows in the third quarter.

Outstanding results from pilot study acreage

Brookside managing director David Prentice said: “While our focus more recently has been on the significant progress, we are making in our SWISH AOI in the SCOOP Play, it is very pleasing to see outstanding results continuing to emerge from our STACK Play ‘pilot study’ acreage.

“The opportunity that comes from this acreage position, in terms of our ability to choose to monetise part of this asset through participation in development and receive the cashflow is exciting and is an important leg to our value proposition.

”It also highlights the strength of our business model that enables us to realise value at various points along the oil and gas development path, from acreage sales or swaps early in the cycle to participation in development and cashflow and ultimately to a sale when the full value of the acreage positions reserve potential may be realised.”

Quick facts: Brookside Energy Ltd

Price: $0.01

Market: ASX
Market Cap: $10.99 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Brookside Energy Ltd named herein, including the promotion by the Company of Brookside Energy Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Brookside Energy consolidates high-grade position within Anadarko Basin

Brookside Energy Limited (ASX:BRK) managing director David Prentice updates Proactive Investors on a recent milestone in leasing and acquisition activities within the SWISH Area of Interest (AOI) in the prolific oil & gas region of Anadarko Basin, Oklahoma. “We’ve been able to grow...

on 9/7/19

RNS

Holding(s) in Company

5 days, 11 hours ago

Holding(s) in Company

2 weeks, 4 days ago

Total Voting Rights

2 weeks, 4 days ago

Employee Benefit Trust Dealing

3 weeks, 2 days ago

Year End Trading Update

3 weeks, 4 days ago

New London Office

on 17/7/19

2 min read