Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from Brookside Energy Ltd (ASX:BRK, OTC:RDFEF).
The company has revealed its strategic initiatives for 2025, focusing on inventory growth and a targeted drilling program within the Anadarko Basin in Oklahoma. This builds on a successful 2024, despite recent oil price volatility, to position the company for long-term value creation.
The company is expanding its portfolio of low-cost, high-margin drilling locations in the SWISH play and Anadarko Basin.
Key efforts include securing a fifth Drilling Spacing Unit (DSU) to extend drilling inventory beyond the current four-year plan.
Brookside aims to leverage geological, geophysical and reservoir data to unlock additional value in underdeveloped areas.
Brookside’s targeted drilling program includes three new 10,000-foot lateral horizontal wells.
The first well is scheduled to spud in Q1 2025, with preparatory work underway, while the remaining two wells, targeting a new DSU, are planned for Q3.
The company projects …