Brookside Energy Ltd (ASX:BRK) has kept the drill bit spinning at its high-impact Flames well in Oklahoma.
The energy stock is currently drilling the well’s lateral section — situated in the Woodford oil and gas formation — and has reached a measured depth of roughly 14,300 feet.
Brookside reports activity is proceeding on schedule, safely and without incident.
The story so far
Back in March, Brookside officially spudded the Flames well — its third high-impact target within the SWISH AOI, a key exploration portfolio in the Anadarko Basin.
The milestone came after Brookside rigged up and tested the Kenai 18 drill last week — the same rig that completed its high-impact Rangers well in just 31 days.
At the time, managing director David Prentice said: “It is very pleasing to see operations proceeding so promptly on this well, the final well in our held-by-production program in the SWISH AOI.
“Operationally, this is the busiest period in our company’s history with simultaneous operations on two of our 'core of the core' DSUs in southern SCOOP; spudding the Flames well and completing the Rangers Well for production at the same time.
“We are looking forward to keeping our shareholders and investors up to date over the coming weeks and months as we see these operations successfully concluded and those efforts turned into oil and gas sales.”
Brookside’s Flames drill program is fully funded to completion after the company picked up a $7.5 million funding runway from CPS Capital Group this month.