Brookside Energy Limited · ASX:BRK
Brookside Energy — Shareholder Meeting (May 2021)
16 slides from Brookside Energy's shareholder meeting presentation, May 21, 2021
Slide 1: Annual General Meeting
Annual General Meeting 21 May 2021 brookside-energy.com.au
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: Brookside's Three Pillars
BROOKSIDE’S THREE PILLARS ASX: BRK Working with local communities to ensure fle sustainable growth and value Operated ion through the safe anc Drilling cient c Jevelopment of W ene [gy aSse ral Land & Leasing ny PDP Acquisitions
Slide 4: Corporate Overview
CORPORATE OVERVIEW Capital Structure Mar ket Capitalization ~A$70m ASX: BRK (FPO’s)1. ~2,800,000,000 ASX: BRKOB 2. ~1,500,000,000 Cas h3. ~A$10m Land Holdings ~3,000-acres Pr ospective Resources 11,606,000 BOE Shareholder Mix 4
Slide 5: Corporate Structure and Teams
CORPORATE STRUCTURE AND TEAMS Brookside Energy Limited Black Mesa Energy, LLC1 David Prentice (Managing Director) Ch ris Girouard (President & Experienced resources sector executive with 15-plus years commercial E&P sector experience in the US mid-continent. Successfully grew E&P start-up Red COO) F
Slide 6: Focused on the Anadarko Basin
FOCUSED ON THE ANADARKO BASIN SCOOP & STACK Plays, Anadarko Basin, Oklahoma Proven Oil & Gas Plays in a world-class basin 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 7: Exploitation Not Exploration
EXPLOITATION NOT EXPLORATION Productivity of Target Reservoirs Defined by Decades of Development 1 Initial phase of vertical development 2 Infill phase of vertical development 3 Open-Hole horizontals on flanks of anticline, no stimulation 4 Current exploitation phase incorporating horizontal drillin
Slide 8: Initial Development - Jewell DSU
INITIAL DEVELOPMENT - JEWELL DSU Type Curve - Jewell 13-12-1S 3W SXH1 Well (Base Case) As set Je well 1-13-12 SXH Product Oil and Gas Well Type Horizontal Multi-Stage Completion Lateral length 7,400 feet Basin Anadarko Play & Location SCOOP Play, Carter County, Oklahoma Operator Black Mesa Energy, L
Slide 9: Jewell Well Overview
JEWELL WELL OVERVIEW Hu n sucker 11-1 Surface operations H u nsucker 11-1 Well 1 1-1S-3W Carter Co. A P I: 35019219380000 Surface casing cemented in wellbore 372 feet gross SYCAMORE ~7800 ft Multistage stimulation Hunsucker 11-1: Core imagery shows a highl y fract ured t arget S ycam ore i nterval 3
Slide 10: Timeline & News Flow
TIMELINE & NEWS FLOW Flames 1 Rangers 1 10
Slide 11: Proven by Neighbouring Production
PROVEN BY NEIGHBOURING PRODUCTION Significant Activity with Results Exceeding Expectations 11
Slide 12: Operated Position - Core of Southern SCOOP
OPERATED POSITION - CORE OF SOUTHERN SCOOP Highly Sought-After Sycamore-Woodford Trend • Control and operations on three DSU’s ( Jewell, Flames and Rangers) • Jewell DSU – 880 acres, Sycamore & Woodford Unit • Jewell 13-12-1S 3W SXH1 well – the first operated well to be drilled in the SWISH AOI will
Slide 13: SWISH AOI Prospective Resource
SWISH AOI PROSPECTIVE RESOURCE Confirms Very High Potential of Anadarko Basin Acreage • 11,606,000 net barrels of oil equivalent (BOE) Prospective Resource attributable to Brookside’s SWISH AOI in the southern part of the SCOOP Play (refer to ASX release of 17 November 2020 for further details) • In
Slide 14: Producing Property Acquisitions
PRODUCING PROPERTY ACQUISITIONS Orion Project Joint Venture • Partners fund costs associated with the Joint Venture (acquisition and workover costs) on a 50/50 basis • Acquiring producing properties and associated HBP acreage • Focus on Natural Gas weighted mature production from vertical wells with
Slide 15: Land and Leasing
LAND AND LEASING Low-risk, High-return and Scalable Acquire Upgrade Re-value Monetize Re-invest Identify an opportunity, Consolidate acreage to build a Secondary market transactions Sell upgraded and Use sale proceeds to start with the quality of core high-grade operated establish early acreage valu
Slide 16: ASX:BRK
ASX:BRK Suite 9, 330 Churchill Avenue Subiaco WA 6008 p: +61 8 6489 1600 w: brookside-energy.com.au Dav id Prentice Managing Director david@brookside-energy.com.au https://www.linkedin.com/in/david-prentice-a3324b22