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Brookside Energy ( (AU:BRK) ) has issued an update.
Brookside Energy Limited has announced the addition of a new Area of Interest (AOI) in the Anadarko Basin, called Riverbend, which targets Devonian, Mississippian, and Pennsylvanian age reservoirs. The Riverbend AOI is expected to significantly boost the company’s reserves due to its location in a proven oil-producing region and its favorable geological characteristics. Brookside has commenced a leasing campaign to secure control of drilling spacing units, aiming for a high rate of return and a quick payout. This development aligns with the company’s strategy to expand its Anadarko Basin inventory and deliver value to shareholders.
More about Brookside Energy
Brookside Energy Limited is an energy company based in Perth, Western Australia, focusing on oil and gas exploration and production. The company is actively involved in developing resources in the Anadarko Basin, targeting oil and natural gas liquids.
Average Trading Volume: 87,920
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$35.13M
For a thorough assessment of BRK stock, go to TipRanks’ Stock Analysis page.