Articles On Brookside Energy (ASX:BRK)

The event featured Calima Energy, Peninsula Energy and Brookside Energy and was live-streamed on the Proactive Youtube channel.

The oil and gas producer is focused on increasing acreage and acquiring producing properties in the Anadarko basin in Oklahoma.

The first load of oil (169 barrels) from the Mitchell Well was sold on 2 December 2020 with provides cashflow as the Jewell Well development progresses.

The event will feature Calima Energy, Peninsula Energy and Brookside Energy and will be live-streamed on the Proactive Youtube channel.

The third successful acquisition for the joint venture has expanded its footprint into a newly identified AOI in the SCOOP Play outside of the SWISH AOI. 

The company has oil and gas plays in the United States, specifically in the Anadarko Basin in Oklahoma, a proven tie- one oil and gas development province.

The initial prospective resource was confirmed by the company’s US-controlled subsidiary and manager of operations, Black Mesa Energy LLC, and demonstrates the potential of this highly sought-after area.

The WA-based investor has accumulated almost 97 million shares for a 7.18% stake in the company which has interests in Oklahoma’s prolific Anadarko Basin.

The company has agreed to collaborate with experienced leading national accounting and business advisory firm Hall Chadwick to launch this well-bore funding initiative.

Around 75% of the non-operated wells that have paid out to date did so in 12-months, with an average time to payout of 16-months.

The joint venture has successfully closed its third producing property acquisition opportunity, the Thelma Well, in its first four months of operation.

The company has completed a $300,000 option offer fully subscribed after a successful entitlement offer.

The refurbished pumping unit is now moving fluid that has gathered in the formation while the well has been shut-in.

Pitt Street Research has updated its modeling for Brookside Energy post a new JV and capital raisings Momentum building For Brookside Energy By Pitt Street Research Brookside Energy Ltd ((BRK)) is a Perth-based energy company with exposure...

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Brookside and partner Stonehorse Energy have successfully completed workover operations at the recently acquired Mitchell 12-1 well.

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The Orion joint venture was formed in mid-June 2020 to target mature long-life production assets with very low terminal decline and upside that can be unlocked from remedial workover activity.

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The second well acquired by the Orion JV, Mitchell 12-1, is in Brookside’s Jewell drilling spacing unit within SWISH AOI in the southern part of the SCOOP Play in Oklahoma's prolific Anadarko Basin.

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The company is continuing to grow its business in the US and intends to take advantage of the opportunities coming from this period in the cycle for oil & gas companies.

The JV is targeting producing properties and associated Held by Production acreage predominantly within the company's existing area of focus in the SCOOP Play.

The company remains focused on strengthening its position in the SWISH AOI in Oklahoma and broadening its portfolio with attractive opportunities.

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These initiatives are focused on strengthening the company’s balance sheet as activity ramps up in the Orion Project Joint Venture in Oklahoma, USA.

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The combination of improved production, cash flow and increased reserves within one of the existing drilling spacing units (DSUs) is compelling.

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The Orion Project offers significant scalability, with the initial focus area extending over 1,100 square kilometres in the Anadarko Basin, covering several historic and currently producing oil and gas fields and many hundreds of vertical w...

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