Brookside Energy Ltd (ASX:BRK) is trading higher after beginning flow-back operations at the high-impact Jewell Well in the company’s SWISH Area of Interest (AOI) in Oklahoma’s world-class Anadarko Basin.
Operations to clean up the well to remove any remaining debris from the milling operations and the stimulation process have been completed successfully, on schedule, safely and without incident.
In addition, flow-back operations have begun with the well flowing to temporary facilities as the stimulation fluids start to be recovered.
Furthermore, an initial oil cut and gas have already been observed at this very early stage of the flow-back and stimulation fluid recovery process.
Shares have been as much as 10% higher this morning to A$0.034.
“Key operational milestone”
Brookside managing director David Prentice said: “It is fantastic to have another key operational milestone met successfully and to be moving into the flow-back stage of operations on the Jewell Well.
“It is also very pleasing to see oil and gas observed in the temporary facilities at such an early stage in the completion fluid recovery phase.
“We are looking forward to bringing updates from the flow-back to our shareholders as we start to flow the well through our permanent production facilities on location and commence sales of oil and gas.”
Location map showing Brookside’s three operated SWISH AOI DSUs.
Forward plan
Brookside plans to continue flow-back operations to recover stimulation fluids and turn the well from the temporary facilities to permanent production facilities.
In addition, the company aims to continue the recovery of stimulation fluids and commence sales of oil and gas.
Brookside has embarked on a potential five-year, 20-plus well development drilling program across its three operated development areas/DSUs (Jewell, Rangers, Flames) that the company controls in the SWISH AOI to develop a conservatively estimated 11.606 million net barrels of oil equivalent (BOE) prospective resource.
- Ephrems Joseph