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Brookside Energy (ASX: $BRK) provides drilling update for FMDP wells

Overview of Brookside Energy's FMDP drilling update


Brookside Energy Limited (ASX: $BRK) has announced the completion of casing and cementing of the Iginla Well lateral section, followed by the commencement of drilling the intermediate section of the Maroons Well. The Maroons Well, located in the southern SCOOP Play in the Anadarko Basin, is currently targeting the Sycamore Formation and has reached a depth of approximately 6,800 feet. This drilling update is part of the multi-well Flames-Maroons Development Plan (FMDP) aimed at targeting the highly productive Sycamore and Woodford formations.

Executive commentary on FMDP drilling progress


The completion of casing and cementing of the Iginla Well lateral section and the commencement of drilling the Maroons Well intermediate section mark significant progress in our multi-well Flames-Maroons Development Plan. The efficient pad drilling practices have allowed for continuous drilling, enhancing operational efficiency and cost-effectiveness. We are pleased with the advancement of the program and remain focused on the safe and efficient development of energy assets in the SCOOP area of the southern Anadarko Basin.

Summary of Brookside Energy's FMDP drilling update


Brookside Energy's update on the Flames-Maroons Development Plan (FMDP) highlights the completion of casing and cementing of the Iginla Well lateral section and the commencement of drilling the Maroons Well intermediate section. The Maroons Well, targeting the Sycamore Formation, is progressing efficiently, leveraging pad drilling practices for operational optimization. The Company's focus on the mid-continent region of the US and the safe and efficient development of energy assets underscores its commitment to sustainable growth and value creation. The ongoing FMDP reflects Brookside Energy's disciplined portfolio approach to the acquisition and development of oil and gas assets, aligning with its goal of generating shareholder value through strategic investments and operational excellence.

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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