Brookside Energy Limited · ASX:BRK
Brookside Energy — Noosa Mining & Exploration Investor Conference 2019
19 slides from Brookside Energy's conference presentation, Jul 17, 2019
Slide 1: Real Estate Development Approach to Oil & Gas in Oklahoma
Real Estate Development Approach to Oil & Gas in Oklahoma Noosa Mining & Exploration Investor Conference 2019 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: Corporate & Capital Structure
Corporate & Capital Structure ASX:BRK 12 Month Share Price Performance Share Price Range A$0.01 – A$0.023 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 (US$3.2m drawn) Leasing
Slide 4: The Anadarko Basin - Great Opportunities for Early Movers
The Anadarko Basin - Great Opportunities for Early Movers ! Proven Oil & Gas Plays in a World- 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 stacked productive zone
Slide 5: 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 Acquire Acquire Upgrade Upgrade Re-value Re-value Monetise Monetise Re-invest Re-invest brookside-energy.com.au 5
Slide 6: Acreage Revaluation in Practice
Acreage Revaluation in Practice 1 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 or “parent” well Broo
Slide 7: A Private Equity Model in an ASX Listed Vehicle
A Private Equity Model in an ASX Listed Vehicle Drillco. 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 sells acreage mitigating r
Slide 8: Successful Pilot Study in the STACK Play
Successful Pilot Study in the STACK Play !Investment of US$1.25m acquired 30,000 ~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 and forecast future net
Slide 9: Scaling-Up in the SCOOP Play
Scaling-Up in the SCOOP Play ! SWISH AOI (SCOOP Play Southern Core) 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 Focused toward several
Slide 10: First Operated DSU in the SWISH AOI
First Operated DSU in the SWISH AOI ! Jewell 13-12 SH1 well will establish 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 curve brookside-energy.c
Slide 11: Why Should You Invest In Brookside Energy
Why Should You Invest In Brookside Energy ! Proven Oil & Gas Plays in a World-Class Basin ! Tier One Investment Environment Infrastructure, services, regulatory Monetise ! Real Estate Development Approach Land, Leasing and acreage revaluation model ! Private Equity Investment Model Effective risk ma
Slide 12: Brookside Energy Limited
Want to learn more about Brookside Energy Limited Come see us at P21 or visit us at brookside-energy.com.au @BrooksideEnergy
Slide 13: Appendix
Appendix 1. Anadarko Basin Acronyms 2. Corporate Structure 3. Black Mesa Production, LLC 4. Single Well Breakeven Prices 5. Notes 6. Glossary brookside-energy.com.au 13
Slide 14: Anadarko Basin Acronyms
Anadarko Basin Acronyms ! SCOOP 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 to bring more oil and n
Slide 15: Brookside Energy Ltd. Corporate Structure
Brookside Energy Ltd. Corporate Structure 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 brookside-energy.com.au 15
Slide 16: Black Mesa Production, LLC
Black Mesa Production, LLC brookside-energy.com.au 16
Slide 17: Single Well Breakeven Prices
Single Well Breakeven Prices Note: Assumes 10% IRR, based on flat oil price of US$50/Bbl and gas price of US$3/Mcf Source: NYSE:NFX Investor Presentation, analysts reports brookside-energy.com.au 17
Slide 18: Notes
Notes i. 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 betwe
Slide 19: Glossary
Glossary brookside-energy.com.au 19
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