Company Overview and News
The halt will remain in place until the opening of trade on Wednesday, 25th January 2017, or earlier if an announcement is made to the market.
Brookside Energy Limited (Brookside or the Company) is pleased to announce that the operator has commenced moving equipment on location ahead of the commencement of drilling operations within Brookside's STACK Play RA Minerlas Royalty Acreage in Blaine County, Oklahoma. Continental Resources (NYSE:CLR) is operating1 the Ike #1-20-17 well, which is an extended reach horizontal well targeting the Meramec formation (the target formation) in the highly productive STACK play which is now considered to be one of the best development plays in North America.
Brookside Energy Ltd (ASX:BRK) has expanded its lease holdings in the highly prospective STACK Meramec oil region in Oklahoma, U.S. to circa 300 acres. The new acreage has been secured within a productive, over-pressured oil window. Brookside’s latest acquisition represents a strategy to build a position in one of the few on-shore regions that remain economic at the current oil price. The productivity of the core STACK acreage was reinforced last week with the release of initial production data on two recently drilled and completed extended-reach wells.
Brookside Energy Ltd (ASX:BRK) has been granted a trading halt by the ASX, pending details of a capital raising. The halt will remain in place until the opening of trade on Thursday 25th August 2016, or earlier if an announcement is made to the market.
Brookside Energy Limited is pleased to provide an update on progress, as it's wholly owned subsidiary BRK Oklahoma Holdings, LLC (BRK Oklahoma) continues to build a position in the core of the STACK Meramec Play (STACK Play) in Oklahoma. BRK Oklahoma has elected to participate in its first horizontal well within its core STACK Play non-operated working interest leasehold acreage in Blaine County, Oklahoma.
Brookside Energy Ltd (ASX:BRK) is focused on oil exploration in the U.S., and today has been granted a trading halt by the ASX - pending details of a drilling joint venture. Brookside already has an agreement in place with Black Mesa Production, LLC, which low-cost exposure to the energy sector. The halt will remain in place until the opening of trade on Monday 25th July 2016, or earlier if an announcement is made to the market.
Brookside Energy (ASX:BRK) formerly Red Fork Energy is an independent oil and gas exploration and production company focused in the midcontinent of the United States.
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