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The latest update is out from Brookside Energy ( (AU:BRK) ).
Brookside Energy has commenced preparations for drilling a new 10,000-foot lateral well, named Bruins Well, in the SWISH Play of the Anadarko Basin, Oklahoma. This initiative is part of the company’s 2025 drilling program, aiming to expand its operations and increase its working interest to around 70%. The well targets the Woodford Shale formation with an expected gross capital expenditure of approximately $11.0 million and a production forecast of over 1 million barrels of oil equivalent. The move underscores Brookside’s strategic focus on high-impact, low-risk drilling opportunities and its commitment to creating value for stakeholders.
More about Brookside Energy
Brookside Energy Limited is a company operating in the energy sector, focusing on hydrocarbon production. The company is engaged in the exploration and development of oil and gas resources, primarily within the Anadarko Basin in Oklahoma, emphasizing strategic growth and targeted development.
YTD Price Performance: -10.94%
Average Trading Volume: 2,438
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $28.36M
For a thorough assessment of BRK stock, go to TipRanks’ Stock Analysis page.
