Brookside Energy Ltd
ASX:BRK
Brookside Energy Ltd
Brookside Energy Ltd. engages in the exploration, production and development of oil and gas. The company is headquartered in Subiaco, Western Australia. The company went IPO on 2005-10-31. The firm operates in the oil and gas sector through its activities in the industry focused on the mid-continent region of the United States. The firm is engaged in the exploration of Anadarko Basin. The Anadarko Basin is oil and gas development province with existing oil and gas gathering. The Anadarko Basin is a geologic depositional and structural basin centered in the western part of Oklahoma, which is oil and gas rich, and generally explored. The firm is primarily focused on oil and gas plays, including STACK and SCOOP. The STACK consists Sooner Trend, Anadarko Basin, Canadian and Kingfisher Counties, and SCOOP consists South Central Oklahoma Oil Province. The Plays are developing through horizontal drilling and completion techniques targeting the Mississippian aged formations and the Woodford Shale itself.
Brookside Energy Ltd. engages in the exploration, production and development of oil and gas. The company is headquartered in Subiaco, Western Australia. The company went IPO on 2005-10-31. The firm operates in the oil and gas sector through its activities in the industry focused on the mid-continent region of the United States. The firm is engaged in the exploration of Anadarko Basin. The Anadarko Basin is oil and gas development province with existing oil and gas gathering. The Anadarko Basin is a geologic depositional and structural basin centered in the western part of Oklahoma, which is oil and gas rich, and generally explored. The firm is primarily focused on oil and gas plays, including STACK and SCOOP. The STACK consists Sooner Trend, Anadarko Basin, Canadian and Kingfisher Counties, and SCOOP consists South Central Oklahoma Oil Province. The Plays are developing through horizontal drilling and completion techniques targeting the Mississippian aged formations and the Woodford Shale itself.
Strong Quarter: Brookside Energy reported another solid operational quarter, with production and cash flow holding up despite weak sector sentiment.
Production Milestone: Q1 net production exceeded 170,000 barrels of oil equivalent, and gross operated production averaged over 3,000 BOE per day.
Cash Position: Cash at quarter-end was $12.7 million, up 12% from the previous quarter.
Reserves Growth: Proved developed producing (PDP) reserves increased by 50%, more than doubling the company’s FY 2024 production.
Capital Discipline: CapEx guidance for full-field development remains at $170 million gross ($126 million net to Brookside), with no material changes.
US Listing Progress: The company is advancing toward a planned US listing, with audits nearly complete and SEC filings underway.
