Australia's Brookside Energy jumps on strong oil output from Rangers Well

Brookside Energy

12/05/2022 05:35

** Shares of oil and gas explorer  BRK.AX  jump as much as
10.5% to A$0.021
    ** Stock could see its best day since March 9, if gains hold
    ** BRK says Rangers Well in Swish area of interest in
Anadarko Basin exceeds 1,000 barrels of oil equivalent per day
(BOEPD) in early flowback  urn:newsml:reuters.com:*:nASXbXsSNj
    ** Says high oil is resulting in significant revenue
generation for co at early stage of flowback 
    ** Adds well has produced about 27,417 barrels of oil
equivalent to date
    ** Says gross revenue generated via the Rangers Well to date
is estimated to exceed $2.4 mln
    ** Stock down 5% this year, as of last close

 (Reporting by Anan Ashraf)
 ((Anan.Ashraf@thomsonreuters.com;))