(NewsDirect)
Brookside Energy Ltd(ASX:BRK) MD David Prentice tells Proactive the company has achieved asignificant milestone by producing its one-millionth barrel of oilequivalent (BOE), including an impressive 715,000 barrels ofliquids.
Thisachievement comes less than two years after the company's firstoperated well, the Jewell Well, commenced production. He says therecent addition of the highly productive Wolf Pack Well in Februarythis year has contributed to a sharp acceleration in production,highlighting the quality of the Anadarko Basin and the exceptionaloperational expertise of the Brookside team.
Prentice said: “We aredelighted to report the achievement of this very significantmilestone.
"Iwould like to thank all of our stakeholders, shareholders, advisorsand the team that have all played a role in taking the SWISH AOIdiscovery from concept to production and positioned the company to nowtake advantage of the large inventory of high-margin, low-cost wellsthat sit within our reserve base.
“We continue to pursue our goals in a financially disciplinedway, always with an eye on maintaining our leverage to higher oilprices as we look to monetise this liquids-rich reservebase.”
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