In this episode of Just the Facts, Proactive’s Tylah Tully’s reports that Brookside Energy Ltd (ASX:BRK, OTC:RDFEF) is on track to achieve first sales from the Flames Maroons Development Plan, also known as FMDP.
It predicts sales within the next two months after completing stimulation operations at the multi-well FMDP, located in the southern SCOOP Play of Oklahoma’s Anadarko Basin.
The operations included 92 stages of high-intensity zipper fracture stimulation across three Sanford Pad Wells.
Brookside says the activities were completed on time, within budget, and safely.
It’s now preparing for the flowback and first sales from all four FMDP wells by the end of this quarter or early next.
This will boost the company’s net production to 2500 barrels of oil equivalent per day, with 78% comprising liquids, by the end of the year.
The drill-out process for the composite plugs has commenced on the Maroons Well, with work on the Rocket Well to begin shortly.
“We are extremely pleased with the successful completion of the stimulation of the Sanford Pad Wells,” managing director David Prentice said.
“Achieving this milestone safely, on time, and within budget is once again a credit to the expertise and dedication of our operations team.
“With the drill out of the plugs now underway, we are on track to meet our production targets, which will significantly enhance Brookside's net production by late Q3/early Q4 2024.
“This progress marks another important step forward for the FMDP and underscores our commitment to delivering value to our shareholders.”