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- Brookside Energy (BRK) and its joint venture partner Stonehorse Energy (SHE) have completed a second sale of oil from the Thelma 21-1 Well in Oklahoma
- The sale included around 300 barrels of oil and was made on January 20
- The team is continuing to analyse technical data from Thelma to find other potential opportunities
- On the market today, Brookside is in the grey, trading for 0.8 cents, while Stonehorse is up 4.35 per cent and is trading at 2.4 cents per share
Brookside Energy (BRK) and its joint venture partner Stonehorse Energy (SHE) have completed a second sale of oil from the Thelma 21-1 Well in Oklahoma.
The companies sold a second load of approximately 300 barrels of oil on January 20.
Earlier that month, the well was bought on to production with an initial production rate of 130 barrels of oil per day.
“The reservoir continues to perform as expected and is being produced in a safe and efficient manner aimed at maximising future oil recovery and revenue,” Brookside told the market today.
The team is continuing to analyse technical data from Thelma to find other potential opportunties.
Notably, technical work is continuing on the additional 40 held by production acres purchased near the Thelma acreage. Seven of these are known potential reservoirs.
Last year, Brookside formed a joint venture with Stonehorse Energy called the Orion Project. The aim of Orion is to purchase oil and gas properties in the Anadarko Basin.
On the market today, Brookside is in the grey, trading for 0.8 cents, while Stonehorse is up 4.35 per cent and is trading at 2.4 cents per share at 1:15 pm AEDT.
