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Brookside Energy (ASX:BRK) - Managing Director, David Prentice - The Market Herald
Managing Director, David Prentice
Source: The Market Herald
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  • Joint venture partners, Brookside Energy (BRK) and Stonehorse Energy (SHE), have completed workover operations at the Mitchell 12-1 Well in Oklahoma
  • The recently-acquired well is located in the southern part of the SCOOP (South Central Oklahoma Oil Province) Play within the Anadarko Basin
  • The partners entered into a joint venture back in June which set out to acquire oil and gas fields in the Anadarko Basin
  • The Mitchell 12-1 Well is now ready for production, however, a gas meter will soon be installed to facilitate the production rate measurement and gas sales
  • The company expects this will be completed shortly
  • Brookside's shares are currently trading flat at 0.5 cents while Stonehorse has seen a 25 per cent jump in its share price to trade for one cent

Joint venture partners, Brookside Energy (BRK) and Stonehorse Energy (SHE), have now completed workover operations at the Mitchell 12-1 Well in Oklahoma, U.S.

The recently-acquired Mitchell 12-1 Well is located within Brookside's Jewell drilling spacing unit (DSU) in the southern part of the SCOOP (South Central Oklahoma Oil Province) Play.

Brookside announced beginning workover activities on August 31. This work included pulling and testing the production string, a mechanical test to confirm the integrity of the well bore casing, and inspection of the surface production, separation and storage equipment.

Pleasingly, gas and condensate have been recovered to surface. The estimated 260-feet of perforations in the Sycamore formation have been successfully isolated and treated.

After the perforations were cleaned, the well was swabbed to remove around 30 barrels of treatment fluid. The Mitchell 12-1 Well is ready for production however, a gas meter will soon be installed to facilitate the production rate measurement and gas sales. Brookside and Stonehorse expect to complete this shortly.

Brookside and Stonehorse entered their joint venture in June this year. Their joint venture refers to the Orion Project and was initiated to acquire oil and gas fields in the Anadarko Basin of Oklahoma.

Brookside's shares are trading flat at 0.5 cents at 10:54 am AEST while Stonehorse has seen a 25 per cent jump in its share price to trade for one cent at 11:08 am AEST.

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