Brookside Energy Limited · ASX:BRK

Brookside Energy — Investor Presentation (October 2016)

17 slides from Brookside Energy's investor presentation, Oct 26, 2016

1. Slide 1: Investor Presentation October 2016

   For personal use only Investor Presentation October 2016

2. Slide 2: Forward-Looking Statements and Other Disclaimers

   Forward-Looking Statements and Other Disclaimers 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 Co

3. Slide 3: Strategy

   Strategy  Build value per share by For personal use only leveraging the expertise, experience and contacts of “Moving quickly the Board and our joint to capitalize on venture partners a short window in  Agreements with and equity which to build a interest in Black Mesa provides alignment and effec

4. Slide 4: Right place, right time with the right structure

   Right place, right time with the right structure  Brookside’s STACK Play acquisitions represent a For personal use only first step in a strategy to build a position in one of the select group of on-shore United States plays that are economic at the current forward curve  Ongoing leasing and acquis

5. Slide 5: Corporate Snapshot

   Corporate Snapshot Board of Directors ASX:BRK For personal use only Michael Fry (Chairman) Share Price Range A$0.007 – A$0.013 David Prentice (Managing Director) Market Capitalization ~A$6.4m Loren Jones (NED & Co. Sec.) FPO’s 585,000,000 ASX:BRKO 250,000,000 Price Chart “Well timed successful acqui

6. Slide 6: STACK Play – Anadarko Basin

   STACK Play – Anadarko Basin  Mature basin with extensive infrastructure, processing, refining and services (divided into several plays For personal use only including the STACK Play, SCOOP, Mississippian Tonkawa & Granite Wash)  STACK Play is prospective for the upper and lower Meramec formation w

7. Slide 7: STACK Play – Relative to U.S. Shale Plays

   STACK Play – Relative to U.S. Shale Plays Single Well ROR @$45 WTI and $2.50 Henry Hub For personal use only Bakken – Core SCOOP - Oil SCOOP – Condensate 7

8. Slide 8: STACK Play – Unprecedented Activity

   STACK Play – Unprecedented Activity CLR, DVN, MRO and others set to develop BRK’s Non-operated position For personal use only  Over 180 pooling applications have been filed with the Oklahoma Corporation Commission in the area of operation (once a permit is filed an operator has 12 months to spud a

9. Slide 9: Capitalizing on STACK Play Leasing Window

   Capitalizing on STACK Play Leasing Window  Brookside has secured ~3001. acres (non- operated working interest leasehold) For personal use only across 10-spacing units within the highly productive over-pressured volatile oil window of the STACK Play  Expect to capture additional core acreage so tha

10. Slide 10: Recent Results within Brookside's Leasing AOI

    Recent Results within Brookside’s Leasing AOI  ~26 of the recently completed horizontal wells (within Brookside’s AOI in Blaine County) have For personal use only achieved initial production results in excess of 1,000Boe per day  ~15 of these wells achieved initial production results in excess of

11. Slide 11: Joint Venture to Finance STACK Drilling & Completion Costs

    Joint Venture to Finance STACK Drilling & Completion Costs  US$3.5 million Drilling Joint Venture with Merchant Funds Management For personal use only provides equity holders with maximum exposure to upside from reserve growth and unlevered future cash flow in full field development  Joint Venture

12. Slide 12: STACK Play – Industry Type Curve (over-pressured oil)

    STACK Play – Industry Type Curve (over-pressured oil) For personal use only Source: CLR Investor Presentation October 2016 EUR 1,700 Mboe (58% oil) “World class play comparable IP30 Oil 1,300 bbl/day with the most economic parts IP30 Gas 3,500 Mcf/day of the Permian and Eagle 12-month cum. 380 Mboe

13. Slide 13: STACK Play – Pre-tax ROR vs. WTI

    STACK Play – Pre-tax ROR vs. WTI For personal use only Source: CLR Investor Presentation October 2016 Assumptions: Price Differentials: Gathering Costs: 1280 acre spacing unit Oil: -$3.00/Bbl Natural Gas: -$0.74/Mcf (9,800’ lateral) Natural Gas: -$0.37/Mcf CWC ~US$9m to US$11m NRI ~80% 13

14. Slide 14: Summary

    Summary  Brookside Energy’s joint venture with Black For personal use only Mesa brings together a team of executives and Board members with extensive industry experience and a strong track record for creating significant value from energy start-ups  Black Mesa is executing a disciplined rate of re

15. Slide 15: Brookside Energy Limited

    Brookside Energy Limited Board of Directors “Brookside Energy Limited is For personal use only an Australian publicly held Michael Fry (Chairman) company listed on the David Prentice (Managing Director) Australian Securities Exchange Loren Jones (Director & Co. Sec.) (ASX:BRK). The Company was estab

16. Slide 16: Black Mesa Production, LLC

    Black Mesa Production, LLC Board of Directors For personal use only Bill Warnock (Chairman & CEO) John Brock Larry Edwards Chris Girouard David Prentice Executive Team Chris Girouard (President & COO) Lee Francis (VP Operations) John Schumer (VP Res. Eng.) “Black Mesa Production, LLC is an oil & gas

17. Slide 17: Appendix

    Appendix Brookside Energy Limited (ASX:BRK) For personal use only 100% Tulsa Equity Group BRK Oklahoma Holdings, LLC Black Mesa Executive Team 70%2. 30%1. Earning 50%. Black Mesa Production, LLC 1. BRK Oklahoma Holdings LLC diluting to 15% 2. Tulsa Equity Group diluting to 35% Note the following reg

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