Brookside Energy's strategic move in Oklahoma

Brookside Energy (ASX:BRK) has announced an increase in its average working interest in the Flames-Maroons Development Plan wells at its SWISH Project in Oklahoma’s Anadarko Basin. This strategic move enables Brookside to capture a larger share of production revenue from these high-margin wells, with the company's working interest now approximately 70%.

Brookside's enhanced production and strategic growth

Brookside Energy has successfully increased its working interest in the Flames-Maroons Development Plan wells, part of the SWISH Project in Oklahoma's Anadarko Basin. This increase allows the company to benefit more from the high-margin wells, raising its interest to about 70%. The company has seen a significant rise in production, with gross operated production increasing by 178% to over 5,000 BOEPD since September 2024. The move is expected to enhance Brookside's production, revenue, and net income. The FMDP wells target the Sycamore Lime and Woodford Shale formations, known for their high productivity. Brookside is projecting a net average daily production increase to 2,500 BOE by the end of the year. This development marks a critical phase for the SWISH Project, aligning with Brookside's strategic goal of enhancing value through targeted asset development and increasing production capabilities in a key energy region in the US.

Executive insights on Brookside's development plan

David Prentice, Managing Director, emphasized the strategic value addition and long-term growth trajectory this move presents for Brookside and its shareholders.