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Brookside Energy: Announces Jewell Well development fund
FinTechFunding
Less than 1 min.Read

Brookside Energy: Announces Jewell Well development fund

Steve Sam
By Steve Sam
  • 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

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