Brookside Energy in trading halt ahead of capital raising announcement
The halt will remain in place until the start of trading on February 10 or until an announcement is released.
Company
Brookside Energy Ltd
ASX:BRK
Brookside Energy Ltd (ASX:BRK) is focused on the oil and gas sector in the mid-continent region of the United States.
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Brookside Energy Orion Project Joint Venture with Stone Horse Energy makes second sale from Thelma Well
The Thelma Well was successfully brought online in early January, with an initial production rate of 130 barrels of oil per day and daily production expected to stabilise at a long-term optimal volume of about 30 barrels of oil per day.
Brookside Energy continues its strategy focused on the world-class Anadarko Basin in Oklahoma
With the improved outlook for pricing gathering momentum during the quarter, the company began to increase its focus on its acreage in the southern part of the SCOOP Play, and the company’s operated high-grade DSU’s within the SWISH AOI dur
Brookside Energy increases working interest in the SWISH AOI as activity ramps up in the region
The company has extended the Jewell well for no additional cost with the pooling of 80 acres associated with the Mitchell Well.
Brookside Energy has ‘cracking’ 2021 start with Orion Project JV Thelma Well brought to production and acreage expanded
Capitalising on the success of the Thelma Well, the joint venture has acquired an additional 40 'held by production' acres contiguous to the Thelma acreage
Brookside Energy sells first oil from Mitchell Well as part of Orion Project JV
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.
Brookside Energy’s Thelma 1-32 well acquisition by Orion Project JV to create new area of interest to complement SWISH
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.
Brookside Energy's successful Mitchell well workover provides another cashflow stream for Orion JV in Anadarko Basin
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.
Brookside Energy SWISH AOI prospective resource confirms Anadarko Basin acreage potential
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.
Brookside Energy gains new substantial holder in Great Southern Flour Mills
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.
Brookside Energy launches new funding initiative for Jewell well development in SWISH AOI
The company has agreed to collaborate with experienced leading national accounting and business advisory firm Hall Chadwick to launch this well-bore funding initiative.
Brookside Energy rapid payout for STACK Play wells creates long-term value
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.
Brookside Energy completes third Orion JV acquisition, gears up for workover operations
The joint venture has successfully closed its third producing property acquisition opportunity, the Thelma Well, in its first four months of operation.
Brookside Energy reels in $1.687 million to progress Anadarko Basin oil & gas strategy
The company has completed a $300,000 option offer fully subscribed after a successful entitlement offer.
Brookside Energy moves closer to Mitchell Well restart with production equipment installed
The refurbished pumping unit is now moving fluid that has gathered in the formation while the well has been shut-in.
Brookside Energy raises $1.38 million for acquisition and development activities at Anadarko Basin
Brookside and partner Stonehorse Energy have successfully completed workover operations at the recently acquired Mitchell 12-1 well.
Brookside Energy's Orion JV succeeds with workover operations at Mitchell 12-1 well in southern part of SCOOP Play
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.
Brookside Energy's Orion JV begins workover operations at recently acquired Mitchell Well in US
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.
Brookside Energy directors demonstrate faith in company by entitlement offer participation
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.
Brookside Energy's Orion JV set to begin workover in SCOOP Play after closing second acquisition
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.