Brookside Energy Limited · ASX:BRK
Brookside Energy — Spark Plus Aussie Equities Day (July 2022)
21 slides from Brookside Energy's conference presentation, Jul 28, 2022
Slide 1: Premium US Focused Producer
For personal use only Premium US Focused Producer Spark Plus Aussie Equities Day July 2022 brookside-energy.com.au ASX: BRK OTC Pink: RDFEF
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer For personal use only 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 “t
Slide 3: Macro Pricing Environment
Macro Pricing Environment Oil Above 10-Year High as Brookside Ramps Up Production For personal use only Crude Oil WTI Acquire > High-Grade > Monetize > Produce > 1
Slide 4: Accelerated Development
Accelerated Development Increasing Production as Prices Move Higher For personal use only • Three big wells, on production by the middle of the year • Producing into the highest oil prices in a decade • All three Drilling Spacing Units (DSUs) held by production in first half of 2022 • Key step in th
Slide 5: Brookside - A Boutique Energy Company
Brookside - A Boutique Energy Company Focusing Today on a Better Tomorrow For personal use only Small • Small standalone developments standalone developments • Low capital requirements • Quick return of invested capital, less than 6-months at current Quick return • Small environmental of capital, fa
Slide 6: Brookside's Three Pillars
Brookside’s Three Pillars For personal use only 4
Slide 7: Premium Well Economics
Premium Well Economics High Rates of Return & Higher Profits For personal use only Assumptions: 1) Modelled at WTI oil US$100/BBL, gas price US$3/MMbtu 2) Formation metrics for the Sycamore Formation are based on actual production from the Company’s Jewell 13-12-1S-3W SXH1 Well. Please refer to the
Slide 8: Corporate Overview
Corporate Overview Capital Structure For personal use only 12- Month Share Price Performance Market Capitalization ~A$80.0m ASX: BRK (FPO’s). ~5,000,000,000 Cash ~A$17.7m 1. Land Holdings ~3,400-acres Prospective Resources 11,606,000 BOE 2. Shareholder Mix Click to add text 1. As at March 31, 2021 2
Slide 9: Corporate Structure and Teams
Corporate Structure and Teams Brookside Energy Limited Black Mesa Energy, LLC 1 For personal use only David Prentice (Managing Director) Chris Girouard (President & COO) Experienced resources sector executive with 15-plus years commercial E&P sector experience in 35-plus years in the oil & gas indus
Slide 10: Focused on the Anadarko Basin
Focused on the Anadarko Basin For personal use only Proven Oil & Gas Plays in a world-class basin SCOOP & STACK Plays, Anadarko Basin, Oklahoma Rates of return competitive with the very best shale plays in North America Highly sought-after Sycamore-Woodford trend in southern SCOOP Play (Brookside’s
Slide 11: Best Rocks, Big Wells
Best Rocks, Big Wells For personal use only Flowing Back Completing Note: 1. The volumes stated in the figure and table above for wells operated by companies other than Brookside are actual volumes produced, drawn from publicly available information reported by each of those entities. 2. In respect
Slide 12: Q2 2022 Results
Q2 2022 Results Premium Quarterly Results 1. For personal use only • Revenue from sales of A$7,923,000 • Cash positive from operations for the quarter with an operating profit of A$2,363,000 • $17.7m cash on hand, unhedged with no debt • Gross operated daily production of 1,071 BOE per day (443 BOE
Slide 13: Jewell Well – Sycamore Formation
Jewell Well – Sycamore Formation The First Brookside Big Well For personal use only • Brookside Working Interest 52% Jewell Well Cumulative Production to May 17, 2022 • IP30 of ~1,604 BOE per day (30-day average), significantly above our pre-drill estimates • Achieved well bore payout in February, 2
Slide 14: Rangers Well – Sycamore Formation
Rangers Well – Sycamore Formation The Second Brookside Big Well For personal use only • Brookside Working Interest ~80% • Came on production in April 2022 • Achieved average 1,200 BOE per day stable monthly production • Peak oil rate of 952 bpd and rich gas rate of 2,126 Mcf per day, including 270 b
Slide 15: Flames Well – Woodford Formation
Flames Well – Woodford Formation The Third Brookside Big Well For personal use only • Brookside Working Interest ~80% • Brookside’s longest lateral at approximately 10,000 feet • Flowing back with oil and gas already recovered • Early production and sales expected at the end of July • Offsetting Con
Slide 16: HBP Program Completed in First Half of 2022
HBP Program Completed in First Half of 2022 Highly Sought-After Sycamore-Woodford Trend For personal use only JEWELL DSU RANGERS DSU FLAMES DSU 1st BRK well drilled 2nd BRK well drilled 3rd BRK well drilled Drilled, completed & Producing Drilled, Completion March 2022 Flowing back Held by Production
Slide 17: Large Inventory Low-Risk High-Return Development Wells
Large Inventory Low-Risk High-Return Development Wells Multiple Off-Ramps For Value Creation For personal use only SWISH AOI DEVELOPMENT PLAN 2 wells planned 4 wells planned ➢ HPB program to be completed by the end of July ➢ Notional 4 wells per year beginning in 2023 15
Slide 18: SWISH AOI Leasing Activity
SWISH AOI Leasing Activity Big Player Acquiring Large Acreage Position For personal use only Continental Resource (NYSE:CLR), with a market cap of US$21B, is now the largest acreage holder in the SWISH AOI Over the last few years they have greatly increased their acreage position through acquisition
Slide 19: Brookside Energy Limited
For personal use only Brookside Energy Limited Suite 9, 330 Churchill Avenue Subiaco WA 6008 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 Comm
Slide 20: Appendix
APPENDIX For personal use only Completion Operations Underway Jewell Well, Carter County, Oklahoma August 2021 20
Slide 21: Glossary
Glossary APO WI AFIT AOI BBL After pay-out working interest After Federal Income Tax Area of Interest Barrel BFIT Before Federal Income Tax BOE Barrels of Oil Equivalent For personal use only BOEPD Barrels of Oil Equivalent Per Day BOPD Barrels of Oil Per Day BPD Barrels Per Day COPAS Council of Pet
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