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Brookside Energy Ltd

Brookside Energy continues 'Real Estate Development' approach in Anadarko Basin

Brookside Energy Ltd (ASX:BRK) managing director David Prentice updates Proactive on the company's involvement in the world-class Anadarko Basin in Oklahoma, USA, where its 'Real Estate Development' approach is proving lucrative.

Although Stonehorse Energy Ltd (ASX:SHE) has withdrawn from the arrangement to step-in to the Jewell Unit development opportunity, Brookside is continuing to acquire a ~90% working interest in this drilling spacing unit (DSU) in the SWISH area of interest.

Prentice said: “We are working closely with the Board of Stonehorse and look forward to continuing to support them as they progress their already successful drilling, production and cashflow based strategy in the world-class Anadarko Basin STACK and SCOOP Plays.”

“This strategy supports and compliments Brookside’s 'Real Estate Development' approach and the relationship that we have formed with Stonehorse is a win-win for our respective shareholders.”

Quick facts: Brookside Energy Ltd

Price: 0.009 AUD

Market: ASX
Market Cap: $8.99 m
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Brookside Energy progressing well with land leasing and development strategy

Brookside Energy Ltd (ASX:BRK) managing director David Prentice speaks to Proactive Investors about achieving first payout in just 11 months from a well forming part of the company's STACK play in the Anadarko Basin area of Oklahoma, USA. Prentice describes the milestone as, "a remarkable...

on 13/9/18

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