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Brookside Energy Ltd

Brookside Energy reveals outstanding initial production results from Ringer Ranch well

This result adds to the number of very strong results that have been reported recently from the current generation of horizontal Sycamore wells in the SWISH AOI.

Brookside Energy Ltd - Brookside Energy reveals outstanding initial production results from Ringer Ranch well
Sycamore-focussed drilling and completion activity within the SWISH AOI continues to ramp-up

Brookside Energy Ltd (ASX:BRK) has revealed further initial production results from its SWISH Area of Interest (SWISH AOI) in the world-class Anadarko Basin, Oklahoma.

The Ringer Ranch 1-20-17XHM well has delivered an outstanding initial production rate (IP24) of 2,067 barrels of oil equivalent (~80% oil) from the Sycamore formation, the primary target within Brookside’s SWISH AOI.

This well is located within Brookside’s SWISH AOI about 7-miles west of its Flames Drilling Spacing Unit (DSU) and 2-miles north of the Boardwalk 1- 5MH well (Brookside 2.42% working interest) which recently recorded an IP24 of 1,617 barrels of oil equivalent.

Anadarko Basin, Oklahoma (STACK & SCOOP Plays)

Brookside holds a very small 0.02% working interest in the Continental Resources, Inc (NYSE:CLR) operated Ringer Ranch well and the associated DSU.

It is anticipated that the sustained (30-day) production results for this well will be above Brookside’s own pre-drill estimates for a typical horizontal Sycamore well in the SWISH AOI – potentially supporting higher recovered volumes and rates of return.

Importantly, Brookside’s first operated well to be drilled in the SWISH AOI (the Jewell 1-13-12SXH well) will also target the Sycamore formation.

Sycamore focussed drilling and completion activity within the SWISH AOI continues to ramp-up with nine horizontal wells now at various stages of development (from permitted, to drilling, drilled waiting on completion, completing and producing).

Under-exploited conventional reservoir

Brookside managing director David Prentice said: “This is another great example of why we continue to be so excited about the potential of our acreage position in southern SCOOP play in the Anadarko Basin.

“While Brookside only holds a small interest in the Ringer Ranch DSU, we are nonetheless very pleased to see another Sycamore well coming on-line above 1,500 BOE/day in the SWISH AOI.

“This result adds to the number of very strong results that have been reported recently from the current generation of horizontal Sycamore wells in the SWISH AOI and supports what we have been modelling for this reservoir based on historical data.

“This is further confirmation of the highly-productive nature of this under-exploited conventional reservoir.

“Every piece of new data that emerges from the SWISH AOI forms part of the up-grading and re-valuation process that underpins our business model and sees undeveloped acreage values move higher.”

Quick facts: Brookside Energy Ltd

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Market: ASX
Market Cap: $8.99 m
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