Brookside Energy welcomes strong peak production test rate at Juanita well

–News Direct–

Brookside Energy managing director David Prentice updates Proactives Elisha Newell on production testing at the Juanita well the first oil and gas asset to come under the microscope in the Bradbury area of interest (AOI) within Oklahomas Ardmore Basin.

A strong peak production test rate of 258 barrels of oil equivalent per day (BOEPD) originating from the wells secondary target sand gives Brookside hope it can commingle two zones and facilitate commercial production.

Prentice also provides the rationale for a buy-back scheme, aimed at generating the best returns for shareholders and delivering higher value.

Once we see what that configuration is capable of and have some months of production under our belts, we will be able to quantify and estimate an ultimate recovery for the two zones and what is behind pipe, he explained.

This will also help us to scope out the potential for additional offsetting wells in the area and the possibility of expanding our footprint in the AOI.

The team is now busy working on the plan to establish commercial production from these two zones and we look forward to providing further updates as production and sales are established.

Contact Details

Proactive Investors

Proactive Investors

+44 20 7989 0813

na-editorial@proactiveinvestors.com

View source version on newsdirect.com: https://newsdirect.com/news/brookside-energy-welcomes-strong-peak-production-test-rate-at-juanita-well-168022999

Brookside Energy Ltd

COMTEX_437138614/2655/2023-07-21T14:30:06