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Brookside Energy (ASX: $BRK) completes Iginla well drilling

Brookside Energy (ASX: $BRK) completes Iginla well drilling


Brookside Energy Limited (ASX: $BRK) has successfully completed the drilling of the Iginla Well, reaching a total measured depth of ~18,685 feet in the core of the southern SCOOP Play in the Anadarko Basin. The drilling was conducted safely, on budget, and on schedule, marking a significant milestone for the company's multi-well Flames-Maroons Development Plan (FMDP).

Executive Commentary on Iginla Well Drilling Completion


The completion of the Iginla Well drilling represents a major achievement for Brookside Energy. The well's placement in a highly organic, oil-prone reservoir rock, as indicated by drill cuttings and continuous gas shows, is a promising development. We are pleased with the progress and look forward to the next phase of the FMDP, which will involve casing the well and commencing drilling of the intermediate section at the Maroons Well. This accomplishment underscores our commitment to safe and efficient energy asset development in the US mid-continent region.

Summary of Brookside Energy's Iginla Well Drilling Update


Brookside Energy (ASX: $BRK) has successfully completed the drilling of the Iginla Well as part of its multi-well Flames-Maroons Development Plan (FMDP) targeting the highly productive Sycamore and Woodford formations in the SCOOP area of the southern Anadarko Basin. The company's focus on exploitation and disciplined portfolio approach to oil and gas asset acquisition and development is evident in the safe and efficient completion of the drilling. The encountered fracture swarms and significant gas shows in the lateral section of the Iginla Well indicate promising pathways for oil and gas migration and production. Brookside Energy remains committed to sustainable growth and value creation through the development of energy assets, and the successful drilling of the Iginla Well sets a positive tone for the upcoming phases of the FMDP.

BROOKSIDE ENERGY LIMITED
BRK | ASX | Energy
0.012-0.0005(-4%)
At close 05/07 (AEDT)
Market cap
$59.7M
Volume
27,708,871
DY Yield
0
PE Ratio
3.53
52 Week Range
0.01 - 0.016
1YR Return
-93.143%

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