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Brookside Energy ( (AU:BRK) ) has provided an announcement.
Brookside Energy Limited has announced the addition of a fifth Drilling Spacing Unit (DSU) in the SWISH Play area of the Anadarko Basin, increasing its development drilling inventory by 26%. This strategic move enhances Brookside’s position in the region, with plans for two horizontal wells targeting the Sycamore and Woodford formations. The expansion supports Brookside’s strategy to grow production, scale operations, and deliver value to shareholders, while also exploring potential in emerging sub-plays like the Simpson Group and Caney Shale.
More about Brookside Energy
Brookside Energy Limited is an energy company operating in the oil and gas industry, focusing on the exploration and development of hydrocarbon resources. The company primarily engages in developing high-impact drilling projects within the Anadarko Basin, Oklahoma, with a particular emphasis on the SWISH Play area.
YTD Price Performance: -1.15%
Average Trading Volume: 95,121
Technical Sentiment Signal: Sell
Current Market Cap: A$41.18M
For a thorough assessment of BRK stock, go to TipRanks’ Stock Analysis page.