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  • Brookside Energy (BRK) records continued flowback success at its high-impact Rangers Well in the Anadarko Basin, Oklahoma
  • The well recorded a daily production rate of 1310 barrels of oil equivalent per day, producing around 73,160 barrels of oil equivalent during the first 2.5 months of production
  • The company says these rates of production reinforce the quality of Brookside’s WISH acreage and its strategy of drilling low-risk high-impact development wells
  • Gross revenue generated by the well is estimated to exceed US$6.75 million (A$9.69 million) based on the West Texas Intermediate (WTI) at US$110 per barrel
  • Shares in Brookside Energy were up 15.38 per cent to 1.5 cents as of 10:28 am AEST

Brookside Energy (BRK) has recorded continued flowback success at the high-impact Rangers Well in the Anadarko Basin, Oklahoma.

The well recorded a daily production rate of 1310 barrels of oil equivalent per day (BOEPD), approximately 87 per cent oil and gas liquids with only 21 per cent of stimulation fluid recovered to date.

Further, the well has already produced around 73,160 barrels of oil equivalent (BOE) during the first 2.5 months of production.

The company said these rates of production reinforce the quality of Brookside’s WISH acreage and its strategy of drilling low-risk, high-impact development wells.

Commenting on the flowback success, Managing Director David Prentice said the well is already a strong producer generating significant revenue for the company and its shareholders.

“As expected, the Rangers Well is exhibiting a flowback profile consistent with our pre-drill estimates and modelled reservoir characteristics, yielding more total liquids than our highly successful Jewell Well, at a similar stage of stimulation fluid recovery,” Mr Prentice said.

“Combined with our Jewell Well and, the soon to be on production Flames Well, Brookside’s prospects have never looked better with growing revenue and production combined with a strong pricing environment.

“With the successful drilling, completion and flowback of our Rangers Well we have proved up the value of our Rangers DSU and reinforced to the market our ability to deliver on our strategy, quickly cementing our position as a top operator and significant ASX listed energy company.”

Gross revenue generated by the well is estimated to exceed US$6.75 million (A$9.69 million) based on the West Texas Intermediate (WTI) at US$110 per barrel.

Shares in Brookside Energy were up 15.38 per cent to 1.5 cents as of 10:28 am AEST.

BRK by the numbers
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