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OPERATIONS

Brookside nets tenfold profit on Stack divestment

BROOKSIDE Energy’s divestment of juts 11 acres in its first full field development unit in the Stack play in Oklahoma's Anadarko Basin has netted the company US$28,600 per acre, a tenfold rise on the initial average $2500 per acre cost.

James Bowen
Brookside nets tenfold profit on Stack divestment

The junior made the investment into the undeveloped non-operating working interest leasehold at the end of 2016.   The company said the result reflected the significant interest in the secondary market...

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