How Brookside’s Bruins Well Is Driving Cash Flow Growth in the SWISH Play

Strong Operational Execution

Brookside Energy Limited has announced encouraging early production results from the Bruins Well, its ninth operated horizontal well in the SWISH Play, located in the prolific Anadarko Basin of Oklahoma. The well was drilled in the Woodford Shale interval and completed ahead of schedule and under budget, underscoring the operational efficiency and execution strength of Brookside’s team.

The Bruins Well is the first horizontal well in its drilling spacing unit (DSU) and has now entered its early production phase. Initial production metrics are in line with expectations, supported by a history of strong vertical production from the overlying Sycamore formation in the same area.

Robust Production and Financial Metrics

To date, the Bruins Well has produced approximately 36,900 barrels of oil equivalent (BOE), with a high liquids content of around 71%, generating roughly US$1.25 million in gross revenue. The well achieved a peak initial production rate (IP24) of about 1,040 BOE per day and an IP30 of approximately 750 BOE per day. Brookside has implemented a conservative lifting regime designed to flatten the initial production decline, reduce operating expenses during flowback, and maximise resource recovery.

Based on current commodity prices; West Texas Intermediate crude at about US$68 per barrel and NYMEX natural gas at US$3.50 per thousand cubic feet; the Bruins Well project economics are compelling. The gross reserves are estimated at around 1.1 million BOE, with a future net income of US$5 million and a first 12-month net income of US$2.8 million. The project boasts a strong rate of return of 67%, an estimated payout period of 3.75 years, and an economic life projected at 25 years.

Strategic Implications for Brookside

Brookside holds an approximate 79% working interest in the Bruins Well, reinforcing its significant stake in this asset. The success of Bruins adds to the company’s growing portfolio across five DSUs in the SWISH Play, where 19 high-impact development locations remain. This achievement highlights Brookside’s ability to generate resilient returns and cash flow even amid a softer commodity price environment.

Managing Director and CEO David Prentice emphasised that the Bruins results validate both the quality of the SWISH acreage and the company’s development model. He noted that delivering the well ahead of schedule and under budget, while maintaining solid production metrics, demonstrates the resilience of Brookside’s asset base and its capacity to grow production, build scale, and return capital to shareholders.

Looking ahead, these results position Brookside well to internally fund future development activities and continue its capital return initiatives, including the recently announced on-market share buyback program.