Brookside Energy Limited has further consolidated its position in the prized Woodford “Oil Window” of the SWISH AOI, with the addition of ~400 gross acres, growing Brookside’s acreage position in this area by 12.5 per cent.

The Woodford shale is the source rock for a substantial proportion of Oklahoma’s production, and the company has secured a strategic contiguous acreage position in this highly sought-after area that is delivering world-class results, with the company moving quickly to map out next steps for the monetisation of this acreage and the liquids rich Reserves that it hosts.

The SWISH AOI produced in excess of 1,500 BOEPD net to Brookside in the June 2023 quarter.

Exciting early results from the Courbet development (including numerous wells with IP’s above 2,000BOEPD and several above 3,000BOEPD) have provided a road map for the optimal development of Brookside’s liquids rich Reserves in the SWISH AOI, with multi well pads and simultaneous development of the Woodford and Sycamore formations potentially delivering material efficiencies in both recoveries and costs.

These results have come at an ideal time with oil prices strengthening significantly over the last three months and development costs beginning to normalise.

In addition, following recent progress in the Oklahoma Corporation Commission (OCC) the company has successfully moved forward with initial approvals required for the development of the Flames Drilling Spacing Unit (DSU).

This is a major step in clearing the way for future drilling and completion operations to be conducted within this unit. In the company’s Bruins DSU, its filings to create a 1,280-acre unit for the development of this unit have also been approved by the OCC, resulting in a 33 per cent increase in the size of this DSU.

The company also continues to actively acquire acreage within the SWISH AOI, with additional acreage being acquired within the Jewell DSU.

This success, combined with activity in the Flames and Bruins DSUs, has delivered a contiguous block of 3,200-acres (gross) in the heart of this core area. This is in addition to the Rangers DSU that hosts the company’s highly successful Sycamore wells, in the Rangers and Wolfpack.