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Brookside Energy (ASX: $BRK) continues drilling at Rocket Well

Overview of Brookside Energy's latest update


Brookside Energy Limited (ASX: $BRK) has provided an update on the ongoing operations from the Flames-Maroons Development Plan (FMDP) in the core of the southern SCOOP Play in the Anadarko Basin. The Rocket Well, part of the multi-well drilling program targeting the highly productive Sycamore Lime and Woodford Shale formations, is currently drilling ahead in the lateral section at a measured depth of approximately 13,178 feet. Pre-fabrication work on the Sanford Pad tank battery has also commenced off-site, with all operations progressing safely, on budget, and on time.

Executive commentary on the drilling update


The Rocket Well's continued progress in the lateral section marks a significant milestone for our Flames-Maroons Development Plan. We are pleased with the safe and timely advancement of operations, reflecting our commitment to efficient and sustainable development. The pre-fabrication work on the Sanford Pad tank battery further underscores our dedication to ensuring the seamless execution of our drilling program. We remain focused on delivering value to our shareholders and stakeholders through the successful implementation of our strategic initiatives.

Summary of Brookside Energy's drilling update and outlook


Brookside Energy's update on the ongoing drilling operations, particularly the progress at the Rocket Well, demonstrates the company's commitment to the efficient development of energy assets. The multi-well drilling program targeting the Sycamore Lime and Woodford Shale formations is a key part of Brookside's strategy to generate shareholder value through disciplined portfolio management. The safe and on-time progress of operations reflects the company's emphasis on sustainable growth. Looking ahead, Brookside Energy aims to continue executing its drilling program in line with its investment objectives, further contributing to the development of oil and gas assets in the mid-continent region of the US.

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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