(NewsDirect)
Brookside Energy Ltd(ASX:BRK) MD David Prentice speaks with Proactive following the newsthe company has continued to enhance its considerable stake inOklahoma's Anadarko Basin by expanding its strategic contiguousposition in the Woodford 'Oil Window'. BRK has expanded andconsolidated its acreage position in the SWISH Area of Interest (AOI)of the basin’s southern SCOOP Play with the addition ofapproximately 400 gross acres. This grows Brookside’s acreageposition by 12.5% in this area where Continental Resources hasreturned highly encouraging early results from its Courbetdevelopment.
Brookside generates shareholder value through a disciplinedportfolio approach to the acquisition and development of oil and gasassets and the leasing and development of acreage opportunities. Thecompany’s US subsidiary and manager of operations, Black Mesa, is anexperienced mid-continent operator, which identifies opportunities andexecutes development for Brookside. Black Mesa is a Tulsa-based oiland gas exploration and production company focused on profitabledevelopment of petroleum properties located in the Mid-Continent oilprovince of the United States. BRK's business model effectivelyassigns risk and provides commercial incentives to maximise value forboth parties.
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