💥Fed cuts sparks mid cap boom! ProPicks AI scores with 4 stocks +23% each. Get October’s update first.Pick Stocks with AI

Brookside Energy kicks off Juanita Well drill program at Bradbury AOI in Oklahoma

Published 09/11/2022, 09:20 am
Updated 09/11/2022, 10:00 am
© Reuters.  Brookside Energy kicks off Juanita Well drill program at Bradbury AOI in Oklahoma

Brookside Energy Ltd (ASX:BRK) is drilling at the Juanita Well Operations at the expanded Bradbury Area of Interest (AOI) within the Arbuckle Uplift-Ardmore Basin in Oklahoma.

The drill was mobilised to the well site, rigged up and tested, and Juanita has spudded, with its surface hole already drilled, cased and cemented.

Back drilling again

The company reports that operations are proceeding to schedule, safely and without incident.

Drilling of the straight hole section is proceeding to plan, with the well currently around 2,000 feet true vertical depth (TVD).

Managing director David Prentice said: “It is great to be back drilling again, with the Edge Services rig drilling ahead on the Juanita Well in our Bradbury AOI.

“We are very much looking forward to seeing and reporting on the results of sampling and logging of the numerous potentially productive zones that we expect to intersect as we drill ahead to our planned target depth.

“Success with this well will provide real momentum and confidence for further expansion of this exciting new AOI in Murray County.”

About the Juanita Well

The Juanita Well is a low-cost vertical well operated by Black Mesa, LLC, a controlled subsidiary of Brookside, and being drilled by Edge Services Rig 12 in the Bradbury AOI.

It will be drilled as a vertical well to a TVD of roughly 6,450 feet.

The company is targeting 10 potential oil reservoirs, including zones from within the highly productive Simpson Group, and a mean cumulative production from vertical wells in the Bradbury AOI of around 130 million barrels of oil (MBO) per well, with a 744 MBO producer less than a mile east of the Juanita Well location.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.