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Brookside Installed Production Equipment at Mitchell Well

Source: 10/5/2020, Location: Not categorized

Brookside Energy Limited and Stonehorse Energy Limited are pleased to provide an update on operations to restore production in the recently acquired Mitchell 12-1 Well located within Brookside’s Jewell Drilling Spacing Unit (DSU) in the SWISH AOI in the southern part of the SCOOP Play.

All surface equipment required for production from the Mitchell 12-1 Well (including a refurbished pumping unit) has successfully been installed and is now operational. This follows the recently announced successful downhole operations to isolate, treat and clean-up the perforated production casing in the Sycamore Formation.

The pumping unit is now successfully moving fluid that has gathered in the formation while the well has been shut-in. The Companies look forward to providing further updates, including a peak gas rate (post-workover) as soon as this has been established.

The joint venture partners continue to work with the Black Mesa team on the pipeline of further opportunities suitable for the Orion Project. A number of new potential acquisition candidates have been identified and are currently proceeding through negotiations or due diligence pending execution of a purchase and sale agreement.

Scale is a key component of the Orion Project (alongside return on investment and low terminal declines) and the Companies are well funded and working diligently to build out the portfolio at this opportune time in the commodity price cycle

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