- Brookside Energy (BRK) completes the first sales from its Wolf Pack Well in Oklahoma, just three months after spudding
- The company told investors today it had established commercial production and sales during the early part of its flow-back operations on the well
- Production has begun into permanent facilities, and the company says it has recorded “very encouraging” flow-back rates so far
- Material volumes of oil and gas have been sold already, and sales are expected to continue concurrently with flow-back operations
- Brookside shares are trading at 1.2 cents at 2:03 pm AEDT
Brookside Energy (BRK) has secured its first sales from its Wolf Pack Well in Oklahoma, just three months after spudding.
The company told investors today it had established commercial production and sales during the early part of its flow-back operations on the well.
Managing Director David Prentice said establishing sales was another “wonderful operational outcome” from the company’s SWISH area of interest in the Anadarko Basin.
“Three months from spud to first sales is a tremendous result, and we look forward to bringing further news from the Wolf Pack as it continues to clean up and production increases,” Mr Prentice said.
The well has begun producing into permanent production facilities, which are now fully operational, and the company said it had recorded “very encouraging” flow-back rates so far.
Material volumes of oil and gas have been sold and sales are expected to continue concurrently with flow-back operations.
The company expects to report an IP24, IP30 and IP90 rate as achieved.
Brookside shares were trading at 1.2 cents at 2:03 pm AEDT.