- Oil and gas company Brookside Energy (BRK) has launched a new funding initiative for its Jewell Well development in Oklahoma
- As part of the funding plan, Brookside will team up with accounting firm Hall Chadwick to launch a trust for keen investors
- All of the capital raised from the SABO Development Trust will go towards advancing drilling and completion of Jewell Well
- At this stage, Brookside hopes to have a rig contracted for the Jewell Well development by December 2020
- Completion of operations scheduled for mid-April 2021, with first sales expected in the June quarter next year
- Shares in BRK are currently trading grey at 0.5 cents per share
Brookside Energy: Announces Jewell Well development fund
- Advertisement -
