Brookside acquires 11 wells in the Anadarko Basin

US-focussed Brookside Energy has secured a deal to acquire 11 producing wells and the associated producing reserves in the STACK play in the Anadarko Basin, delivering an almost four-fold uplift to the company’s daily production.

Brookside acquires 11 wells in the Anadarko Basin Brookside acquires 11 wells in the Anadarko Basin Brookside acquires 11 wells in the Anadarko Basin Brookside acquires 11 wells in the Anadarko Basin Brookside acquires 11 wells in the Anadarko Basin

The company will pay around US$2 million (A$2.6M) to Merchant Funds Management via the issue of 125 million fully paid ordinary Brookside shares which equates to around US$8.