Brookside Energy Limited · ASX:BRK
Brookside Energy — Investor Presentation (February 2017)
19 slides from Brookside Energy's investor presentation, Feb 13, 2017
Slide 1: Investor Presentation February 2017
For personal use only Investor Presentation February 2017 Brookside Energy Limited ACN 108 787 720 @BrooksideEnergy #AAA_BRK
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
Slide 3: Strategy
Strategy !! Build value per share by leveraging For personal use only the expertise, experience and contacts of the Board and our joint “BRK (ASX:BRK) venture partners acquiring acreage at wholesale rates in the core !! Agreements with and equity of a world class resource interest in Black Mesa prov
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 first step in a strategy to build a position in one of the select group of on- For personal use only shore United States plays that are economic at the current forward curve !! Ongoing leasing and acq
Slide 5: Brookside 12-Month Objectives
Brookside 12-Month Objectives Advance towards the Company’s For personal use only !!!! initial target of 10 million barrels of oil equivalent in Proved Reserves Deploy 100% of the capital available via the US$3.5 !!!! million Drilling Joint Venture with Merchant Funds Management Unlock uplift in acr
Slide 6: Established Value Realization Path in US Resource Plays
Established Value Realization Path in US Resource Plays For personal use only Value Per Acre Note: the acreage valuation uplifts highlighted above are indicative and are based on results seen in numerous transactions across several US on-shore resource plays, including the Permian and Eagle Ford. Th
Slide 7: 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$10.0m Loren Jones (Non. Exec. & Co. Sec.) FPO’s 790,000,000 ASX:BRKO 332,500,000 Price Chart “Well timed successf
Slide 8: STACK Play – Anadarko Basin
STACK Play – Anadarko Basin !! Mature basin with extensive infrastructure, processing, refining and services (divided into For personal use only several plays including the STACK Play, SCOOP, Mississippian Tonkawa & Granite Wash) !! STACK Play is prospective for the upper and lower Meramec formation
Slide 9: 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 "#$$%&!–!'()%! *'++,!–!'(&-%&.#/%! *'++,!0!+12! 9
Slide 10: 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
Slide 11: Capitalizing on STACK Play Leasing Window
Capitalizing on STACK Play Leasing Window !! Brookside has secured ~4001. acres (non- operated working interest leasehold) For personal use only across ~14-spacing units in the core of the STACK Play !! Majority of this leasehold is located within CLR’s “de-risked” portion of the over pressured oil
Slide 12: Recent Results within Brookside's Leasing AOI
Recent Results within Brookside’s Leasing AOI !! ~26 of the recently completed horizontal wells (within For personal use only Brookside’s AOI in Blaine County) have achieved initial production results in excess of 1,000Boe per day !! ~15 of these wells achieved initial production results in excess o
Slide 13: 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 Ventu
Slide 14: STACK Play – Industry Type Curve (over-pressured oil)
STACK Play – Industry Type Curve (over-pressured oil) For personal use only *(3)4%5!'67!8&9%./()!,)%.%&/#:(&!;%4%<=%)!>?@A! EUR 1,700 Mboe (58% oil) “World class play comparable with IP30 Oil 1,300 bbl/day the most economic parts of the IP30 Gas 3,500 Mcf/day Permian and Eagle Ford Plays”! 12-month
Slide 15: STACK Play – Pre-tax ROR vs. WTI
STACK Play – Pre-tax ROR vs. WTI For personal use only *(3)4%5!'67!8&9%./()!,)%.%&/#:(&!;%4%<=%)!>?@A! 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% 15
Slide 16: Summary
Summary !! Brookside Energy’s joint venture with Black Mesa brings together a team of executives and Board members For personal use only 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
Slide 17: Brookside Energy Limited
Brookside Energy Limited Board of Directors “Brookside Energy Limited is an For personal use only Australian publicly held company Michael Fry (Chairman) listed on the Australian Securities David Prentice (Managing Director) Exchange (ASX:BRK). The Loren Jones (Director & Co. Sec.) Company was estab
Slide 18: 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
Slide 19: 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 r
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