Brookside Energy Ltd (ASX:BRK) (OTCMKTS:RDFEF) and Stonehorse Energy Ltd (ASX:SHE) have successfully made the second sale for the Thelma 12-1 well, located in the SCOOP Play, northeast of Brookside’s SWISH Area of Interest (SWISH AOI).
The second load of oil of around 300 barrels was sold on 20 January 2021, following an initial load of 313 barrels of oil on 30 December 2020.
The reservoir continues to perform as expected and is being produced in a safe and efficient manner aimed at maximising future oil recovery and revenue.
Technical work on Thelma acreage
The team continues to analyse technical data from the Thelma Well to identify other potential behind pipe zones or workover candidates.
Technical work is continuing on the additional 40 ‘held by production’ (HBP) acres acquired contiguous to the Thelma acreage.
The additional acreage gives the JV the option to drill a low-cost vertical well with access to seven known potential reservoirs, all of which are proven producers in the area.
In addition, future analysis could potentially identify other potential producing formations at depth.
With seven known potential reservoirs, all of which are proven producers in the area, a thorough geological, geophysical, and engineering review will ensure optimum well design and placement of any future low-cost vertical wells.