MARKETS

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

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$8.30 per barrel of oil equivalent...

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