Slide 1: Premium US Focussed Producer
Premium US Focussed Producer Investor Presentation May 2022 brookside-energy.com.au ASX: BRK OTC Pink: 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: Macro Pricing Environment
Macro Pricing Environment Oil Above 10-Year High as Brookside Ramps Up Production Crude Oil WTI Acquire > High-Grade > Monetize > Produce > 1
Slide 4: Accelerated Development
Accelerated Development Increasing Production as Prices Move Higher • 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 (DSU’s) held by production in first half of 2022 • Key step in the acreage re-valuatio
Slide 5: Brookside - A Boutique Energy Company
Brookside - A Boutique Energy Company Focusing Today on a Better Tomorrow 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, fast Low capital commodi
Slide 6: Brookside's Three Pillars
& Operated Drilling i Land & Leasing 4) Brookside Working with local communities to ensure. fainable growth and value: on through the Repairs to Tatums Municipal Building and Replacement of Primary Pump at Tatum's Lagoon y vataagen Ff BROOKSIDE fla Desharer, mayor POST OFFICE TATUMS. OKLAHOMA
Slide 7: Premium Well Economics
Premium Well Economics High Rates of Return & Higher Profits 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 Company’s ASX release
Slide 8: Corporate Overview
Corporate Overview Capital Structure 12- Month Share Price Performance Market Capitalization ~A$70.0m ASX: BRK (FPO’s). ~3,567,000,000 ASX: BRKOB ~1,431,000,000 Cash ~A$17.7m1. Land Holdings ~3,400-acres Prospective Resources 11,606,000 BOE 2. Shareholder Mix Click to add text 1. As at March 31, 202
Slide 9: Corporate Structure and Teams
Corporate Structure and Teams Brookside Energy Limited Black Mesa Energy, LLC1 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 industry, expert in all aspe
Slide 10: Focused on the Anadarko Basin
Focused on the Anadarko Basin 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 SWISH AOI) has become
Slide 11: Best Rocks, Big Wells
Best Rocks, Big Wells 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 of the wells operated by Brookside (Jewell 13-
Slide 12: Q1 2022 Results
Q1 2022 Results Premium Quarterly Results 1. • 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 per day net to Brooksi
Slide 13: Jewell Well – Sycamore Formation
Jewell Well – Sycamore Formation The First Brookside BIG Well • 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, 2022, less than 6 month
Slide 14: Rangers Well – Sycamore Formation
Rangers Well – Sycamore Formation The Second Brookside BIG Well • Brookside Working Interest ~80% • Early production has already exceeded 1,000 BOEPD (~80% oil plus gas and natural gas liquids) with only 17% of stimulation fluids recovered • Has produced approximately 27,417 BOE (21,770 barrels of o
Slide 15: Flames Well – Woodford Formation
Flames Well – Woodford Formation The Third Brookside BIG Well • Brookside Working Interest ~80% • Successfully drilled and cased with production casing string • Brookside’s longest lateral at approximately 10,000 feet • Completion operations planned to commence in the first week of June • Early prod
Slide 16: HBP Program Completed in First Half of 2022
HBP Program Completed in First Half of 2022 Highly Sought-After Sycamore-Woodford Trend 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 Waiting on completion Held by Production (HBP) Held b
Slide 17: Brookside Accelerating Activity into 2022
Brookside Accelerating Activity into 2022 Operational Momentum in 2021 Accelerating into 2022 Operational Efficiency Quicker Spud to Sales Decreased Costs 15
Slide 18: SWISH AOI Leasing Activity
SWISH AOI Leasing Activity Big Player Acquiring Large Acreage Position 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 acquisitions 16
Slide 19: Multiple Off Ramps for Value Creation
Multiple Off Ramps for Value Creation Acquire Upgrade Re-value Monetize Re-invest Identify an opportunity, Consolidate acreage to build Secondary market transactions Sell upgraded and Use sale proceeds to start with the quality of a core high-grade operated establish early acreage values revalued ac
Slide 20: Brookside Energy Limited
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 Commercial gl@brookside-en
Slide 21: APPENDIX
APPENDIX Completion Operations Underway Jewell Well, Carter County, Oklahoma August 2021 21
Slide 22: 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 BOEPD Barrels of Oil Equivalent Per Day BOPD Barrels of Oil Per Day BPD Barrels Per Day COPAS Council of Petroleum Accountants Soc