Brookside Energy Ltd (ASX:BRK) is "delighted" by strong initial production testing results at Juanita Well in the company’s expanded Bradbury Area of Interest (AOI) within the Arbuckle Uplift – Ardmore Basin in Oklahoma.
Production testing of a sand within the Simpson Group, which is one of the company’s pre-drill primary target zones at Juanita, has delivered a peak production test rate of 329 Barrels of Oil Equivalent (BOE) (75% oil).
During testing, the well was chocked back to establish optimum production parameters and to gauge well performance, which resulted in an average rate of 174 BOE (76% oil) over a 27-day period.
The sale of hydrocarbons has been ongoing with the Juanita Well producing approximately 5,065 BOE (76% oil) to date.
Strong initial flow rates
Managing director David Prentice said: “We are absolutely delighted with these initial results from the Juanita Well testing program.
“The well has already showcased strong initial flow rates, demonstrating the robustness of the reservoir in this particular sand and the effectiveness of our prospecting and targeting program within the greater Bradbury AOI.
"These initial test rates have exceeded our projections, solidifying our confidence in the long-term production capabilities of this zone and the area more generally."
About Juanita Well
The Juanita Well is a vertical well, drilled by Dan D Drilling Rig 7 and operated by Black Mesa Energy, LLC, a controlled subsidiary of Brookside) in the Bradbury AOI.
It was drilled as a vertical well to a measured depth of ~6,350 feet targeting 10 potential oil reservoirs, including zones from within the highly productive Simpson Group, all of which are proven producers in the area.
Mean cumulative production from vertical wells in the Bradbury AOI is ~130 MBO per well, including a 744 MBO producer less than a mile east of the Juanita Well location.
Ongoing testing
The Juanita Well production testing program is ongoing.
Following the successful testing of this target zone, the well will now be plugged back and testing will be moved up to the next zone of interest within the Simpson Group.
Initial production testing of three lower secondary and tertiary targets showed them to be of low commerciality at this time exhibiting a maximum 5% oil cut.
“We are actively leveraging the data and insights gained from these test results to optimize our plans to expand our footprint within the Bradbury AOI, and as always, we are looking to drive future growth and enhance returns for our shareholders,” Prentice said.
“We look forward to providing further updates on this well and the Bradbury AOI over the coming weeks and months."