Brookside (ASX:BRK) booming on BOE
Brookside Energy have a new flow record, with a 2034 Barrel of Oil Equivalent a day IP24 rate from Wolf Pack now standing as its highest to date from a collection of high-impact Oklahoma oil sites in the US state’s highly productive Anadarko Basin.
An IP30 rate of 1869 BOE per day from Wolf Pack also marked a new Brookside high from a well which has now produced over 140,000 BOE, delivering over US$7.9 million in revenue from low-flying oil prices already on the rebound.
Brookside Managing Director David Prentice said it was clearly a wonderful outcome, with the rates and volumes of oil produced to date speaking for themselves.
“Once again, our SWISH AOI acreage has demonstrated its standing amongst the best rock in the Anadarko Basin, capable of delivering the very high rates of return and fast pay backs that make this the most highly sought after area in the basin,” Mr Prentice said.
“These results provide us with another important data point in terms of next steps for the monetization of our recently announced 11.9 million BOE 2P Reserve and the twenty odd well inventory of high-quality, low risk proved undeveloped locations.”
Wolf Pack was the first well brought online for phase two development after Brookside developed a trio of highly productive sites in 2022, and it looks to keep building from a well-stocked inventory, with the Juanita Well now tabbed as its next Oklahoma cash cow.
Location map showing the location of the Wolf Pack Well and Brookside’s four operated SWISH AOI DSU’s
BROOKSIDE FPO [BRK]