Brookside Energy (AU:BRK) has released an update.
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Brookside Energy Ltd. has successfully completed operations at the Rocket Well as part of their Flames-Maroons Development Plan (FMDP), finishing on time and within budget. The company has now begun completion operations on three additional wells using an efficient zipper frac technique, with expectations to increase net production to 2,500 barrels of oil equivalent per day (BOEPD) by the end of 2024. This development is set to significantly boost Brookside’s production and revenue, projecting a net income of US$26.6 million in FY2025 from the FMDP wells.
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