Why Did Brookside Energy Limited (OTCMKTS:RDFEF) Stock Gains 25% On Wednesday?

One of the stocks which is likely to be on the radars of many investors this morning is of Brookside Energy Limited (OTCMKTS:RDFEF) after it clocked gains of as much as 25% on Wednesday following a key announcement.

Wolf Pack Well Completion Operations – Multi-Stage Stimulation Completed Successfully

The company came into the news cycle yesterday after it provided an update with regard to its Phase Two development drilling activity in the SWISH Area of Interest at the Anadarko Basin. The well in question is the Wolf Pack Well. The company announced yesterday that the hydraulic simulation of the Wolf Pack Well had actually been completed successfully. All the relevant stages of the drilling activity had been concluded and the reservoir had also been stimulated.

The company noted that in the coming period it had planned to continued continue the demobilization of the crew and equipment involved in the whole process. The Executive GM of the company Gracjan Lambert spoke about the latest development as well. He stressed that the company was getting better and getting faster results with each well. He went on to add that faster it was possible for the company to get into drilling and turning the wells into sales generating ones, the better it was for Brookside as a company.