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Highlights:
- Brookside Energy completes drilling, casing, and cementing of the Bruins Well at SWISH AOI in Oklahoma’s Anadarko Basin.
- The Bruins Well reached its targeted total depth of approximately 16,718 feet with notable oil and gas shows in the Woodford Shale.
- Operational activities were completed within 30 days, highlighting strong execution and disciplined cost control.
Brookside Energy Ltd (ASX:BRK) recently announced the successful completion of drilling, casing, and cementing activities at the Bruins Well within its strategic SWISH Area of Interest (AOI) located in Oklahoma's prolific Anadarko Basin. This achievement marks a significant operational milestone as the company progresses toward maximizing its oil and gas asset potential.
The Bruins Well was carefully drilled to its planned total measured depth of around 16,718 feet. This depth encompasses a meticulously targeted lateral section situated within the Woodford Shale, known widely for its productive oil and gas reserves. Observations from the well indicated substantial oil and gas shows, affirming Brookside Energy’s pre-drilling estimates and projections regarding the Bruins Drilling Spacing Unit (DSU).
Notably, the drilling operation was finalized in a notably efficient timeframe of just 30 days, significantly ahead of original expectations. The swift completion of this phase underscores Brookside Energy’s strong commitment to operational efficiency, rigorous cost control, and disciplined management. This rapid execution further enhances the economic attractiveness of the Bruins project, highlighting the company’s strategic competence in managing high-value energy projects.
Brookside Energy Managing Director David Prentice emphasized the significance of achieving the drilling phase ahead of the planned schedule. He highlighted the company’s operational expertise and commitment to disciplined execution, underscoring how such effective management practices directly support the overarching goal of generating value for shareholders.
With drilling completed, Brookside Energy is promptly advancing to the next critical phase of operations involving the mobilization of Kenai Rig 19 for the construction and installation of surface production facilities. The timely establishment of these facilities positions the Bruins Well strategically for accelerated completion of operational activities, paving the way for early production and subsequent cash flow generation.
Strategically, Brookside Energy maintains a clear focus on exploiting existing assets rather than exploring new opportunities. Through its disciplined approach, the company actively seeks to enhance shareholder value by strategically acquiring and developing promising oil and gas assets. Additionally, the company prioritizes the effective leasing and development of its acreage, further optimizing its asset portfolio.
In conclusion, Brookside Energy’s recent success at the Bruins Well exemplifies the company’s robust operational strategy and disciplined asset management within the Anadarko Basin. By consistently meeting or exceeding planned operational timelines, Brookside Energy continues to strengthen its market position, demonstrating both reliability and potential for future value growth.
