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Brookside Energy ( (AU:BRK) ) has issued an announcement.
Brookside Energy Limited has announced the successful establishment of oil and gas sales from the Bruins Well in the SWISH Area of Interest in the Anadarko Basin, Oklahoma. This marks the ninth well operated by the company in this area and is part of its strategy to enhance production and cash flow. The Bruins Well was completed in just 14 weeks, meeting safety, budget, and schedule targets, and is now contributing to the company’s cash flow, reinforcing its production base and strategic growth objectives.
More about Brookside Energy
Brookside Energy Limited is an Australian public company listed on the Australian and USA stock exchanges. Founded in 2015, the company focuses on the mid-continent region of the US, emphasizing sustainable growth and value creation through the development of energy assets. Brookside Energy, through its wholly owned US subsidiary Black Mesa Energy, LLC, specializes in the acquisition and development of oil and gas assets, leveraging a disciplined portfolio approach.
YTD Price Performance: -12.64%
Average Trading Volume: 83,652
Technical Sentiment Signal: Sell
Current Market Cap: A$34.96M
For a thorough assessment of BRK stock, go to TipRanks’ Stock Analysis page.