logo-loader
viewBrookside Energy Ltd

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Although Stonehorse Energy Ltd (ASX:SHE) has withdrawn from the arrangement to step-in to the Jewell Unit development opportunity, Brookside is continuing to acquire a ~90% working interest in this drilling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

Price: 0.01 AUD

ASX:BRK
Market: ASX
Market Cap: $9.99 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 buoyed by strong production result from another well in...

Brookside Energy Limited (ASX:BRK) managing director David Prentice updates Proactive on another strong result from a well at the SWISH Area of Interest (AOI) in the Anadarko Basin of Oklahoma, USA. The Leon 1-23-14XHM well, operated by Continental Resources, delivered an initial 24-hour...

2 weeks, 2 days ago

2 min read