Brookside (ASX:BRK) flow early cash from Wolf Pack
Brookside Energy has produced over 40,000 barrels of oil-dominant BOE from the first 30 days of early flowback from its high-impact Wolf Pack Well in Oklahoma’s Anadarko Basin.
Early revenue has already exceeded US$2.5 million as daily production rates exceeding 1500 BOEPD continue to rise, and the stimulation fluid is recovered.
$0.5Brookside Managing Director David Prentice said the early results were extraordinary for a first development well.
“The productivity of this well further cements our SWISH AOI acreage as world class and underscores the very significant value that we have now built in the large inventory of low-risk high-return proved undeveloped locations within our acreage position that are available to monetise,” Mr Prentice said.
The Wolf Pack Well stands as the energy producer’s first development after completing three operated Drilling Spacing Units in its SWISH area of interest, joining the Jewell, Rangers and Flames wells in flowing sales as Brookside moves on to another company-making year in Phase Two of development drilling.
Location map of Brookside’s four operated DSUs in the SWISH Area of Interest.
And the company have more sales soon to come, with 389 feet of net pay identified for production testing at the Juanita Well, sitting in an expanded Bradbury Area of Interest within the Arbuckle Uplift – Ardmore Basin of Oklahoma.
Brookside will continue to make sales as flow-back operations proceed and report the peak rate, IP30 and IP90 rates as they are achieved.
BROOKSIDE FPO [BRK]