Nine from Nine in SWISH Play
| Stock | Brookside Energy Ltd (BRK.ASX) |
|---|---|
| Release Time | 23 Jul 2025, 8:15 a.m. |
| Price Sensitive | Yes |
Nine from Nine in SWISH Play
- Ninth operated SWISH Play horizontal well now in early production phase
- Drilled and completed ahead of schedule and under budget
- Produced ~36,900 BOE (~71% liquids) to date, generating ~US$1.25 million in gross revenue
Brookside Energy Limited (ASX: BRK) is pleased to report solid early production results from the Bruins Well, its ninth operated horizontal well in the SWISH Play. The well was drilled in the Woodford Shale interval within the Company's high-impact acreage in the Anadarko Basin, Oklahoma, supporting Brookside's strategy to deliver high-margin cash flow and enhance overall capital efficiency across its growing SWISH development portfolio. The Bruins Well was safely drilled and completed ahead of schedule and under budget, showcasing the executional strength of Brookside's operations team and the quality and repeatability of the Company's SWISH Play inventory. Initial results are in line with expectations for a Woodford well in this Drilling Spacing Unit (DSU), which has a history of strong vertical production from the overlying Sycamore formation. The well has now entered its early production phase, producing ~36,900 BOE (~71% liquids) to date and generating ~US$1.25 million in gross revenue, with ~12% of stimulation fluid recovered. The Bruins Well achieved a peak rate (IP24) of ~1,040 BOE per day and an IP30 of ~750 BOE per day. A conservative lifting regime has been implemented to flatten initial decline, reduce lease operating expenses during the flowback period, and maximise recovery. At current pricing, the Bruins Well supports strong project-level economics, including gross reserves of ~1,100,000 BOE (58% liquids), future net income of ~US$5.0 million, and a rate of return of ~67%.
The success of the Bruins Well reinforces Brookside's ability to deliver resilient returns and cash flow even in a lower commodity price environment, positioning the company to fund future development internally while continuing its capital return initiatives, including the recently announced on-market buyback program.