Brookside Energy Limited · ASX:BRK
Brookside Energy — 121 Mining Investment London 2024
18 slides from Brookside Energy's conference presentation, May 15, 2024
Slide 1: Investor Presentation
Investor Presentation 121 Mining Investment London May 2024 brookside-energy.com.au ASX: BRK OTC: 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: Brookside Energy: Financially Disciplined Oil Price Leverage
Brookside Energy Financially Disciplined Oil Price Leverage Established producer, pure exposure to oil and gas production in the US, 1Q2024 Net production of 1,200 BOE per day (60% liquids) 11.6MMBOE independently certified Net Proved and Probable Reserves (2P) Transformational drilling program unde
Slide 4: Brookside Energy Projects: Oklahoma's Anadarko Basin
Brookside Energy Projects Oklahoma’s Anadarko Basin Anadarko Basin is a long-term contributor to US oil production & hosted numerous notable oil fields including 6 >100MMBBLS oil fields 1 of 7 major onshore US hydrocarbon basins & just getting started in terms of delivering on its unconventional pot
Slide 5: Brookside's SWISH AOI
Brookside’s SWISH AOI Liquids Rich Southern SCOOP Play Highly sought after Sycamore-Woodford trend in southern part of the SCOOP Play Four operated wells of ~24+ well inventory drilled, completed and in production Outstanding well productivity combined with high IP24 and IP30 production rates delive
Slide 6: Reserves Summary
Reserves Summary Independently Certified Net Reserves 11.6MMBOE Net Reserves as of January 1st, 2024, classified as Proved and Probable Reserves (2P) Net Reserves Oil (Bbls) NGL (Bbls) Gas (Mcf) BOE Total Proved (1P) 4.1MMBOE, up 10% from 2023 Proved Producing 451,140 526,228 4,743,292 1,767,917 Pro
Slide 7: SWISH AOI Story
SWISH AOI Story Discovery to Full Field Development in 5-years Remarkable achievement given our size, capital constraints, market conditions and stiff competition Company making asset with all the ingredients required to achieve a re-rating and provide springboard for growth Free cashflow generated
Slide 8: SWISH AOI Well Performance
SWISH AOI Well Performance Brookside Operated Sycamore and Woodford Wells Four wells drilled and completed, Well Name EUR1. % Liquids Total Depth Payout Working Interest safely and efficiently and within Jewell 13-12-1S-3W SXH1 1,222,193 56% 14,100 6-months 52.75% budget Rangers 36-25-1S-4W SXH1 876
Slide 9: SWISH AOI Operating Costs
SWISH AOI Operating Costs Low-Cost, High-Margin Production Stream High liquids content, rich gas with no impurities and minimal produced water Proximity to refining and gas processing facilities Strong price realization for Oil, NGLs and Gas Low transport, marketing and lease operating expenses Deli
Slide 10: SWISH AOI Reserve Definition Drilling
SWISH AOI Reserve Definition Drilling Impact on Production, Revenue and Net Income 21x increase in average daily production in 3-years to an average 1,397 BOEPD Net in 2023 85x increase in Revenue in 3-years to A$31.3m (After tax Profit A$16.7m) Average Net Production BOEPD Revenue & Net Income Reve
Slide 11: 2024 Drilling & Completion Activity
2024 Drilling & Completion Activity FMDP Pad Development Drilling FMDP pad development drilling underway for optimum efficiency and reserve exploitation Three of four wells successfully DUC’d, with Kenai Rig 19 moving to Flames Pad to drill the 10,000’ lateral Rocket Well Four wells to be drilled an
Slide 12: FMDP Project Economics
FMDP Project Economics ROR Sensitivity Production to 2,300 BOEPD Net CAPEX of US$26m (net to Brookside) to drill, complete for production and tie-in to sales Flow-back and first sales scheduled for late 3Q/early 4Q2024, boosting average production to 2,300 BOEPD Net and Revenue to US$70m (Net Income
Slide 13: 2025 SWISH AOI Full Field Development Commences
2025 SWISH AOI Full Field Development Commences Grow Output to 4,500 BOEPD Net Revenue of US$110.8 million and net income of US$54.5 million for FY2028 Forecast to generate cumulative revenue of US$384 million and cumulative net income of US$169 million to the end of FY2028 Average Net Production BO
Slide 14: Beyond Full Field Development
Beyond Full Field Development Net Production of 4,200,000 BOE in the 5-years from 2Q2028 Net production reaches 6,300BOEPD by mid-2028 5-years post FFD generates a significant cash surplus to be used to fund possible capital returns, further buy-backs and disciplined growth Long tail of low-decline
Slide 15: Corporate Overview
Corporate Overview Shares on Issue Market Cap Cash 4.764bn A$64.3m A$32.7m1 Share Price Performance V’s S&P 500 Energy April 2020 to May 2024 Debt Enterprise Value Land holding Nil A$31.6m ~5,015 acres2 2P Net Reserves EV / 2P BOE EV / BOEPD3 11.6MMBOE ~US$1.77 ~US$9,000 Ownership Analysis 1. As at
Slide 16: Board & Executive Team
Board & Executive Team Multi Decade Oil & Gas E&P and Corporate Commercial Experience Michael Fry David Prentice Chris Girouard Chairman Managing Director EVP Land & New Ventures Extensive corporate, financial and capital 20-years on-shore US corporate 40-plus years in the oil & gas industry, expert
Slide 17: Why Brookside Energy?
Why Brookside Energy? Low-cost Operator in one of the Highest Return Plays on-shore US Delivering on our strategy - prospect, prove-up and then monetize Established producer with 11.6MBOE Net Proved and Probable Reserves (2P) Transformational FMDP drilling program underway Set to be positioned in th
Slide 18: Brookside Energy Limited
Brookside Energy Limited Level 3, 88 William Street Perth, WA, 6000 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 Shane Gray Chief Financial Officer shane@brookside-energy.com.au https: