Brookside Energy Limited · ASX:BRK
Brookside Energy — Noosa Mining & Exploration Investor Conference 2019
30 slides from Brookside Energy's conference presentation, Jul 24, 2019
Slide 1: ASX cover note and Competent Persons Statement
July 24, 2019 For personal use only Please see attached updated and amended copy of the Company’s recent announcement entitled BRK Noosa Mining Investor Conference Presentation. The presentation has been updated to include further disclosure in respect of the Company’s Maiden Reserve Report and to r
Slide 2: Disclaimer (continued)
Energy. You should conduct your own investigations and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this announcement. For personal use only To the fullest extent permitted by law, the Company does
Slide 3: Real Estate Development Approach to Oil & Gas in Oklahoma
Real Estate Development Approach to Oil & Gas in Oklahoma For personal use only Noosa Mining & Exploration Investor Conference 2019 brookside-energy.com.au
Slide 4: 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 For personal use only outside the control of Brookside Energy Limited (“Brookside Energy” or “t
Slide 5: Corporate & Capital Structure
Corporate & Capital Structure ASX:BRK 12 Month Share Price Performance Share Price Range A$0.01 – A$0.023 For personal use only Market Capitalization Circa A$11.0m FPO’s 999,221,875 ASX:BRKOA1. 295,140,625 Cash Available2. 3. Circa A$2.4m Asset Level Funding Facility Drilling Joint Venture US$3.5m (
Slide 6: The Anadarko Basin - Great Opportunities for Early Movers
The Anadarko Basin - Great Opportunities for Early Movers Proven Oil & Gas Plays in a world- For personal use only class basin (STACK and SCOOP) Already a major oil and gas producer and host to Oklahoma’s most productive oil and gas plays Highly Prospective World-class source rocks Multiple or s
Slide 7: A Real Estate Development approach to Oil & Gas in Oklahoma
A Real Estate Development approach to Oil & Gas in Oklahoma Real Estate Developer Brookside Energy For personal use only Acquire Acquire Upgrade Upgrade Re-value Re-value Monetise Monetise Re-invest Re-invest brookside-energy.com.au 5
Slide 8: Acreage Revaluation in Practice
Acreage Revaluation in Practice 1 For personal use only Buy Low 1,280-acre Drilling Unit Brookside “leases” all or a portion of the undeveloped acreage in a Drilling Unit Minimizes 2 dilution Acreage Drilling Joint Venture or Drill Co. funds 100% of the cost of 3 Revaluation “Sell High” this initial
Slide 9: A Private Equity Model in an ASX Listed Vehicle
A Private Equity Model in an ASX Listed Vehicle Drillco For personal use only . Identifies acreage and manages acquisitions, Funds drilling and completion capital Funds acquisitions, establishes supervises drilling and operations (including for initial well, takes its share of reserves, buys and sel
Slide 10: Successful Pilot Study in the STACK Play
Successful Pilot Study in the STACK Play Investment of US$1.25m acquired 30,000 For personal use only ~400-acres Small non-core acreage sales 25,000 generated A$2.5m to be re-invested in highly accretive SWISH AOI 20,000 leasing US$/Acre Booked maiden reserves 15,000 (3.45MMboe, US$12.5m NPV10 an
Slide 11: Scaling-up in the SCOOP Play
Scaling-up in the SCOOP Play SWISH AOI (SCOOP Play southern core) For personal use only Active leasing and acquisition program underway to secure an operated position in highly sort after Sycamore-Woodford trend Monetise 2,000-acre position established, targeting 4,000 to 6,000-acres by mid-2020 F
Slide 12: First Operated DSU in the SWISH AOI
First Operated DSU in the SWISH AOI Jewell 13-12 SH1 Well will establish For personal use only six proved undeveloped locations within this single DSU Catalyst for a material increase in Brookside’s Proved Undeveloped Reserves Key to unlocking SWISH AOI upside as per-acre values move up the cu
Slide 13: Why Should you Invest in Brookside Energy
Why Should you Invest in Brookside Energy Proven Oil & Gas Plays in the world-class Anadarko Basin For personal use only Tier One Investment Environment Infrastructure, services, regulatory Monetise Real Estate Development Approach Land, Leasing and acreage revaluation model Private Equity I
Slide 14: Want to learn more about Brookside Energy Limited
For personal use only Want to learn more about Brookside Energy Limited Come see us at P21 or visit us at brookside-energy.com.au @BrooksideEnergy
Slide 15: Appendix
Appendix 1. Anadarko Basin Acronyms For personal use only 2. Corporate Structure 3. Black Mesa Production, LLC 4. Maiden Reserves 5. Notes 6. Glossary brookside-energy.com.au 13
Slide 16: Anadarko Basin Acronyms
Anadarko Basin Acronyms SCOOP For personal use only South Central Oklahoma Oil Province STACK Sooner Trend, Anadarko Basin, Canadian & Kingfisher Counties • These two acronyms represent Oklahoma’s most productive oil and natural gas plays • Unique formations with multiple zones allow producers t
Slide 17: Brookside Energy Ltd. Corporate Structure
Brookside Energy Ltd. Corporate Structure For personal use only ASX:BRK Brookside Energy Limited 100% 17% 100% BRK Oklahoma Holdings, LLC Black Mesa Production, LLC Anadarko Leasing, LLC Leasehold and Producing Properties Partner & Manager of US Operations Leasehold and Producing Properties brooksid
Slide 18: Black Mesa Production, LLC
Black Mesa Production, LLC For personal use only brookside-energy.com.au 16
Slide 19: Maiden Reserves
Maiden Reserves Background For personal use only Brookside’s partner and manager of US operations, Black Mesa Production, LLC (Black Mesa) has prepared an estimate of the oil and gas reserves and future net revenues for certain petroleum property interests owned by Brookside. These interests consist
Slide 20: Maiden Reserves (cont.) - Economic assumptions
Maiden Reserves (cont.) ANNEXURE 1 For personal use only 1. MATERIAL ECONOMIC AND OTHER ASSUMPTIONS 1.1 General The estimates of petroleum reserves detailed in this announcement are based on the property interests which were obtained by Brookside pursuant to the terms of the Drilling Program and Acq
Slide 21: Maiden Reserves (cont.) - Assumptions and risks
Maiden Reserves (cont.) 1. MATERIAL ECONOMIC AND OTHER ASSUMPTIONS (CONT.) For personal use only 1.1 General (cont.) There is a risk that the forecast information derived using these assumptions may materially differ from the actual results. Circumstances which may result in the actual results being
Slide 22: Maiden Reserves (cont.) - Forecast production rates
Maiden Reserves (cont.) 1. MATERIAL ECONOMIC AND OTHER ASSUMPTIONS (CONT.) For personal use only 1.3 Forecast production rates and petroleum reserves Petroleum reserves have been estimated based on the expected quantities of production per well over the economic life of the well, determined with ref
Slide 23: Maiden Reserves (cont.) - ASX Listing Rules information
Maiden Reserves (cont.) 2. INFORMATION REQUIREMENTS – CHAPTER 5 OF THE ASX LISTING RULES For personal use only 2.1 LR 5.26.4 and 5.26.5 Lease Fuel and Reference Point The estimated net reserves, future net revenues and NPV10 values contained in this report are net of any lease fuel volumes and are c
Slide 24: Maiden Reserves (cont.) - Listing Rules information
Maiden Reserves (cont.) 2. INFORMATION REQUIREMENTS – CHAPTER 5 OF THE ASX LISTING RULES (CONT.) For personal use only 2.7 LR 5.31.5 Estimated Quantities (in aggregate) to be recovered: As a consequence of the continued and additional works carried out on Brookside’s leasehold assets in accordance w
Slide 25: Maiden Reserves (cont.) - Summary of Project Economics
Maiden Reserves (cont.) ANNEXURE 2 - Summary of Project Economics, Key Inputs and Assumptions For personal use only END GROSS OIL GROSS GAS NET OIL NET GAS NET OIL NET GAS NET NET TOTAL END ADV & DIRECT OPER TOTAL OPERATING EQUITY BFIT NET CUM. CUM. DISC. NO. OF Month - Year PRODUCTION PRODUCTION PR
Slide 26: Maiden Reserves (cont.) - Project Economics Inputs
Maiden Reserves (cont.) ANNEXURE 2 - Summary of Project Economics, Key Inputs and Assumptions (cont.) For personal use only GROSS Working Interest Net Revenue Interest INITIAL INTEREST 1 0.02 0.016 OIL RESERVES, MB 49,390.70 852.763 700.478 GAS RESERVES, MMF 991,309.18 20527.65 16492.882 REVENUE, M$
Slide 27: BRK Leasehold Interests and Operators
Maiden Reserves (cont.) Appendix 1. – As per LR 5.31.3 - BRK Leasehold Interests and Operators For personal use only INDEX OF LEASES INDEX OF LEASES INDEX OF LEASES INDEX OF LEASES INDEX OF LEASES AS OF DATE: 01/2018 AS OF DATE: 01/2018 AS OF DATE: 01/2018 AS OF DATE: 01/2018 AS OF DATE: 01/2018 STA
Slide 28: BRK Leasehold Interests and Operators (cont.)
Maiden Reserves (cont.) Appendix 1. – As per LR 5.31.3 - BRK Leasehold Interests and Operators (cont.) For personal use only INDEX OF LEASES INDEX OF LEASES INDEX OF LEASES INDEX OF LEASES AS OF DATE: 01/2018 AS OF DATE: 01/2018 AS OF DATE: 01/2018 AS OF DATE: 01/2018 STATE LEASE ID LEASE NAME APO W
Slide 29: Notes
Notes Anadarko Leasing Facility. Anadarko Leasing, LLC is a wholly owned subsidiary of Brookside, incorporated solely for the purpose of acquiring Working Interest leasehold acreage in the Anadarko Basin Plays in Oklahoma on behalf of Brookside and pursuant to the Drilling Program Agreement between
Slide 30: Glossary
Glossary For personal use only brookside-energy.com.au 28
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