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- Brookside Energy’s (BRK) contracted drill rig has been delayed due to heavy rainfall and lightning storms in the area
- The company is getting ready to drill and spud its Jewell Well, located in the Anadarko Basin, Oklahoma
- Brookside was expecting the drill to be onsite by April 26, however, the rig will now be on-site early this week, with spudding to commence on May 7
- Just before the market opens today, Brookside last traded at 3.1 cents per share
Brookside Energy’s (BRK) drill rig mobilisation to the Jewell Well, located in the Anadarko Basin, Oklahoma, has been delayed.
The company was expecting its contracted rig, Latshaw Drilling Rig 14, to be moved to the site on April 26, with spudding to commence on May 1.
However, this has was delayed several days due to heavy rainfall and lightning storms in the area.
Now, Brookside is expecting the rig to arrive on site early this week, after which testing will start.
Notably, a pre-spud meeting between the Black Mesa team and all contractors is scheduled for May 7, with spud to occur shortly thereafter.
Mobilisation of Rig 14 involves a large fleet of semi-trailer trucks and will need around 15 oversized loads to be moved over public roads.
Jewell is located in Brookside’s SWISH area of interest and will be the first company operated well to be drilled and completed in the Jewell DSU.
Just before the market opens today, Brookside last traded at 3.1 cents per share.
