Brookside Energy celebrates production of its millionth-barrel
Melbourne, Victoria
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July 27, 2023 02:35 PM Eastern Daylight Time
Brookside Energy Ltd (ASX:BRK) MD David Prentice tells Proactive the company has achieved a significant milestone by producing its one-millionth barrel of oil equivalent (BOE), including an impressive 715,000 barrels of liquids.
This achievement comes less than two years after the company's first operated well, the Jewell Well, commenced production. He says the recent addition of the highly productive Wolf Pack Well in February this year has contributed to a sharp acceleration in production, highlighting the quality of the Anadarko Basin and the exceptional operational expertise of the Brookside team.
Prentice said: “We are delighted to report the achievement of this very significant milestone.
"I would like to thank all of our stakeholders, shareholders, advisors and the team that have all played a role in taking the SWISH AOI discovery from concept to production and positioned the company to now take advantage of the large inventory of high-margin, low-cost wells that sit within our reserve base.
“We continue to pursue our goals in a financially disciplined way, always with an eye on maintaining our leverage to higher oil prices as we look to monetise this liquids-rich reserve base.”
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