Brookside Energy's strong FMDP well results

Brookside Energy (ASX:BRK) has reported strong initial production results from its Flames-Maroons Development Plan (FMDP) wells. These wells are part of the SWISH Area of Interest project in Oklahoma. The four FMDP wells collectively achieved a gross IP24 rate of 4,330 BOEPD and an IP30 rate of 3,761 BOEPD, with about 80% of production in liquids. This performance is consistent with the success of previous wells in the project.

Brookside Energy's strategic growth plan

Brookside Energy's announcement highlights the success of its FMDP wells, marking a significant step in the company's growth strategy at the SWISH project. With the addition of these wells, Brookside aims to increase its production capacity and expects to reach a net average daily production of 2,500 BOEPD by the end of 2024. The company's strategy focuses on sustainable growth and value creation, leveraging the rich resources of the Anadarko Basin.

Executive insights on Brookside's production success

These results are a testament to the expertise and commitment of our operational team,' said Brookside's Managing Director, David Prentice. 'We are on track to enhance production, revenue, and net income at our flagship SWISH project and continue delivering value to our shareholders.