Jewell, Brookside Energy Ltd’s first SWISH AOI well, is paid for in record time

“The payment from the Jewell well and the imminent delivery of production from our Rangers and Flames wells provide a very strong launch pad that will allow us to unlock value in our large inventory of low-risk, high-impact undeveloped sites in SWISH, at a time when prices are at their highest in a decade,” says MD.

Brookside Energy Ltd (ASX:BRK) has taken an important step toward realizing the value of its extended position in Oklahoma’s world-class Anadarko Basin with its first well in the SWISH Area of ​​Interest (AOI), the Jewell Well, paying off more than six months into production.

The high-impact Jewell 13-12-1S-3W SXH1 well produced approximately 250,000 boe (approximately 73% oil and NGL) in its first six months and was net revenue (80.4% NRI) of US$9.03 million.

Exceeds estimates

This very quick record payout which significantly exceeded pre-drilling estimates is the result of Jewell Well’s better-than-expected production rates, strong liquids-rich oil and gas mix, and high commodity prices for a decade.

Brookside Chief Executive David Prentice said, “This is an amazing result for the company, our shareholders and the Black Mesa team.

“We are delighted to be able to report that Jewell Well, our first operated well to be drilled and completed in our SWISH prospect, has achieved this milestone in just six months.”

Institutional Level Operator

The quick payment from the Jewell Well further cements Brookside as an institutional-grade operator in the AOI SWISH with the ability to identify blue-chip opportunities and quickly monetize them.

Jewell Well production and payment data, actual vs. forecast.

“These results are a testament to our team’s ability to perform at all levels of the business, from exploration to lease acquisition and efficient operations to establish oil and gas production and sales,” said said Prentice.

“The payment from the Jewell well and the imminent delivery of production from our Rangers and Flames wells provide a very strong launch pad that will allow us to unlock value in our large inventory of low-risk, high-impact undeveloped sites in SWISH, at a time when prices are at their highest in a decade.

Location of the three SWISH AOI UADs operated by Jewell Well and Brookside.