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Brookside Energy continues 'Real Estate Development' approach in Anadarko Basin

Brookside Energy Ltd (ASX:BRK) managing director David Prentice updates Proactive on the company's involvement in the world-class Anadarko Basin in Oklahoma, USA, where its 'Real Estate Development' approach is proving lucrative.

Although Stonehorse Energy Ltd (ASX:SHE) has withdrawn from the arrangement to step-in to the Jewell Unit development opportunity, Brookside is continuing to acquire a ~90% working interest in this drilling spacing unit (DSU) in the SWISH area of interest.

Prentice said: “We are working closely with the Board of Stonehorse and look forward to continuing to support them as they progress their already successful drilling, production and cashflow based strategy in the world-class Anadarko Basin STACK and SCOOP Plays.”

“This strategy supports and compliments Brookside’s 'Real Estate Development' approach and the relationship that we have formed with Stonehorse is a win-win for our respective shareholders.”

Quick facts: Brookside Energy Ltd

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Price: 0.026 AUD

Market Cap: $86.73 m

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Brookside Energy welcomes production and first sales from Jewell well

Brookside Energy Ltd (ASX:BRK)'s David Prentice tells Proactive they've passed a major milestone with commercial production and sales established at the Jewell well in the SWISH Area of Interest (AOI) in the Anadarko Basin of Oklahoma, USA. It was achieved during the early part of the flow-back...

4 days, 18 hours ago

2 min read