Brookside Energy Limited · ASX:BRK
Brookside Energy — Brisbane Mining Investor Conference March 2024
16 slides from Brookside Energy's conference presentation, Mar 13, 2024
Slide 1: Investor Presentation - Brisbane Mining Investor Conference
Investor Presentation For personal use only Brisbane Mining Investor Conference March 2024 brookside-energy.com.au ASX: BRK OTC: RDFEF
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer This presentation may include forward-looking statements. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions, which are outside the control of Brookside Energy Limited (“Brookside Energy” or “the Company”). These ri
Slide 3: Financially Disciplined Oil Price Leverage
Brookside Energy Financially Disciplined Oil Price Leverage Established producer, pure exposure to oil and gas production in the US, 4Q2023 Net production of 1,410 BOE per day (64% liquids) up 33% year on year 11.9MMBOE independently certified Net Proved and Probable Reserves (2P) Transformational d
Slide 4: Oklahoma's Anadarko Basin
Brookside Energy Projects Oklahoma’s Anadarko Basin Anadarko Basin is a long-term contributor to US oil production & hosted numerous notable oil fields including 6 >100MMBBLS oil fields 1 of 7 major onshore US hydrocarbon basins & just For personal use only getting started in terms of delivering on
Slide 5: Brookside's SWISH AOI
Brookside’s SWISH AOI Liquids Rich Southern SCOOP Play Highly sought after Sycamore-Woodford trend in southern part of the SCOOP Play Four operated wells of ~24+ well inventory drilled, completed and in production For personal use only Outstanding well productivity combined with high IP24 and IP30 p
Slide 6: Reserves Summary
Reserves Summary Independently Certified Net Reserves Strong maiden Net Reserves report following the completion of the SWISH AOI HBP drilling Net Reserves Oil (Bls) NGL (Bls) Gas (Mcf) BOE Net Reserves of 11.9MMBOE, classified as Proved Proved Producing 348,815 292,757 2,553,440 1,067,145 and Proba
Slide 7: SWISH AOI Growth Story
SWISH AOI Growth Story Discovery to Full Field Development in 5-years Remarkable achievement given our size, capital constraints, market conditions and stiff competition Company making asset with all the ingredients required to achieve a re-rating and provide springboard for growth Free cashflow gen
Slide 8: SWISH AOI Well Performance
SWISH AOI Well Performance Brookside Operated Sycamore and Woodford Wells Four wells drilled and completed, Well Name EUR1. % Liquids Total Depth Payout Working Interest safely and efficiently and within Jewell 13-12-1S-3W SXH1 1,222,193 56% 14,100 6-months 52.75% budget Rangers 36-25-1S-4W SXH1 876
Slide 9: SWISH AOI Operating Costs
SWISH AOI Operating Costs Low-Cost, High-Margin Production Stream High liquids content, rich gas with no impurities and minimal produced water Proximity to refining and gas processing facilities For personal use only Strong price realization for Oil, NGLs and Gas Low transport, marketing and lease o
Slide 10: SWISH AOI Growth Story: Production, Revenue and Net Income
SWISH AOI Growth Story Impact on Production, Revenue and Net Income 21x increase in average daily production in 3-years to an average 1,397 BOEPD Net in 2023 66x increase in Revenue in 3-years to A$24.3m (Net Income A$20m) (unaudited) Average Net Production BOEPD Revenue & Net Income For personal us
Slide 11: 2024 Development Plan
2024 Development Plan FMDP Pad Development Drilling FMDP pad development drilling underway for optimum efficiency and reserve exploitation Currently drilling ahead on the Iginla Well (10,000’ Woodford well) For personal use only Four wells to be drilled and then completed sequentially, two targeting
Slide 12: 2024 Development Plan ROR Sensitivity
2024 Development Plan ROR Sensitivity FMDP Project Economics CAPEX of US$26m (net to Brookside) to drill, complete for production and tie-in to sales Flow-back and first sales scheduled for late 3Q/early 4Q2024, boosting average production to 2,300 BOEPD Net and Revenue to US$70m (Net Income US$26.6
Slide 13: Corporate Overview
Corporate Overview Shares on Issue Market Cap Cash 4.764bn A$52.0m A$26.0m1 Debt Enterprise Value Land holding Nil A$26.0m ~5,015 acres3 2P Net Reserves2 EV / 2P BOE NPV / 2P BOE For personal use only 11.9MMBOE ~US$1.44 ~US$14.28 Ownership Analysis 1. As at 31 December 2023. 2. Reserves Cautionary S
Slide 14: Board & Executive Team
Board & Executive Team Multi Decade Oil & Gas E&P and Corporate Commercial Experience Michael Fry David Prentice Chris Girouard Chairman Managing Director EVP Land & New Ventures Extensive corporate, financial and capital 20-years on-shore US corporate 40-plus years in the oil & gas industry, expert
Slide 15: Why Brookside Energy?
Why Brookside Energy? Low-cost Operator in one of the Highest Return Plays on-shore US Delivering on our strategy - prospect, prove-up and then monetize Established producer with 11.9MBOE Net Proved and Probable Reserves (2P) For personal use only Transformational FMDP drilling program underway Set
Slide 16: Brookside Energy Limited
Brookside Energy Limited For personal use only Level 3, 88 William Street Perth, WA, 6000 p: +61 8 6489 1600 w: brookside-energy.com.au David Prentice Managing Director david@brookside-energy.com.au https://www.linkedin.com/in/david-prentice-a3324b22 Gracjan Lambert Executive General Manager Commerc
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