Brookside Energy Limited · ASX:BRK
Brookside Energy — Shareholder Meeting (May 2025)
22 slides from Brookside Energy's shareholder meeting presentation, May 29, 2025
Slide 1: Grow production. Build scale. Return capital.
Grow production. For personal use only Build scale. Return capital. 2024 Annual Production FFD Forecast Target 1,400 Barrels of oil 6,300 Barrels of oil equivalent per day equivalent per day ASX: BRK | OTC Pink: RDFEF brookside-energy.com.au
Slide 2: Disclaimer
Disclaimer For personal use only FORWARD-LOOKING STATEMENTS AND OTHER DISCLAIMERS Reserves Cautionary Statement This announcement may include forward-looking statements. Forward-looking statements are only predictions Oil and gas reserves and resource estimates are expressions of judgment based on k
Slide 3: Brookside Energy: free cash flow-generating U.S. oil and gas producer
Brookside Energy. A free cash flow-generating U.S. oil and gas producer with high-margin growth and re-rating potential, strongly positioned to execute on its strategy to grow production, build scale, and return capital. Founded in 2015 and listed on the ASX (BRK) and For personal use only FY2024 Pr
Slide 4: Strong balance sheet and liquidity
Strong balance sheet and liquidity $12.7m cash vs market cap of A$35m! Near term catalysts: production boost from to grow production, build scale ninth operated well and NYSE dual listing and return capital. For personal use only Share price Market capitalisation 1Q Revenue 1Q Operating income A$0.3
Slide 5: Annual Comparison (FY2024 vs FY2023)
Annual Comparison (FY2024 vs FY2023). Revenue at A$47m (A$51m FY2023) and EBITDA at PDP reserves up 50% to 2.65 MMBOE; reserve replacement For personal use only A$18.5m (A$27.6m FY2023) were lower on softer pricing. ratio 268%. Capex was higher (A$36.8m vs A$23.2m) due to FMDP No debt; clean balance
Slide 6: Quarterly Comparison (1Q2025 vs 4Q2024)
Quarterly Comparison (1Q2025 vs 4Q2024). Production down 24% QoQ as FMDP wells declined and Capex dropped (A$3.0m vs A$15.9m), narrowing FCF deficit. For personal use only Bruins not yet online. Realised price recovered 22% (US$39.9 vs US$32.7), Operating costs per BOE up as lower volumes lifted uni
Slide 7: 2025 - Prioritising value over volume amid volatile pricing
2025 - Prioritising value over Brookside is strongly positioned to execute on its strategy to grow production, build scale, and volume amid volatile pricing. return capital. Maintaining strong balance sheet. WTI crude oil price chart ($US) For personal use only 12 months to 26 May 2025 90 Benefiting
Slide 8: Global energy sentiment at multi-year low
Global energy sentiment at A contrarian setup for value re-rating. multi-year low. Institutional exposure to energy remains near the lowest levels For personal use only in 15+ years, with fund managers more underweight today than during the depths of COVID. Prolonged bearish positioning coincides cl
Slide 9: Anadarko Basin continues to attract leading US E&Ps
Recent M&A activity and drilling and completion results Anadarko Basin continues to continue to underscore the depth and quality of inventory attract the attention of leading US in the Anadarko Basin — a prolific region that has already produced over 50 billion BOE and still holds at least as E&Ps m
Slide 10: World-class oil and gas acreage in the Anadarko Basin
World-class oil and gas acreage in onshore USA’s prolific For personal use only Anadarko Basin. Our flagship SWISH Project in Oklahoma has produced over 2.75 million barrels of oil equivalent since 2020. SWISH’s eight of nine wells are now contributing to field production, with volumes increasing fr
Slide 11: SWISH Project: significant achievements FY2024 to FY2025
SWISH Project Significant achievements continuing from Anadarko Basin, Oklahoma, USA FY2024 to FY2025. Achieved record net production of 2,500BOEPD For personal use only in Q4, and averaged 1,400BOEPD for FY2025. FMDP Wells IP24 1,400 BOEPD Completed the Flames-Maroons Development Plan (FMDP) ahead
Slide 12: Brookside advances development of SWISH Play acreage
May 2025 Brookside continues to advance development FMDP Wells IP24 1,400 BOEPD of its SWISH Play For personal use only acreage in Oklahoma. * Bruins Well, Brookside’s ninth operated well in the SWISH Play successfully drilled to target depth ahead of schedule. 0 1km Targeting the high-quality Woodf
Slide 13: Continental's Courbet and Gapstow operations set a blueprint
Continental Resources’ neighbouring Courbet and Gapstow oil and gas FMDP Wells operations set a blueprint. IP24 1,400 BOEPD For personal use only Adjacent, contiguous operations and results support our view of the high quality low breakeven nature of the SWISH area recoverable resource. Brookside ho
Slide 14: SWISH horizontal wells target Sycamore Lime and Woodford Shale
SWISH horizontal wells are Brookside has now successfully completed its ninth operated well in the SWISH Play, building targeting the highly productive on the success of the FMDP wells. With the Sycamore Lime and Woodford Bruins well being prepared for flow back and Shale formations in the SCOOP tes
Slide 15: SWISH Project: growing production
SWISH Project Production peaks at 6,300 barrels of oil equivalent Anadarko Basin, Oklahoma, USA per day from ~24 wells in Full Field Development. Growing Production Net Production BOEPD For personal use only FY2021 – FY 2025 (forecast) FY2024 4 producing wells 01 Flames 1,400 BOEPD 02 Jewel 03 Range
Slide 16: Growth and free cash flow inflection with full development
Cash flow flexibility across These scenarios illustrate the strategic flexibility of Brookside’s asset base. On one end, cash flow can be preserved during market softness; development scenarios. on the other, full-field development positions the company for material free cash flow growth. The market
Slide 17: Capital preservation with development paused
Cash flow flexibility across These scenarios illustrate the strategic flexibility of Brookside’s asset base. On one end, cash flow can be preserved during market softness; development scenarios. on the other, full-field development positions the company for material free cash flow growth. The market
Slide 18: Trading on US$2.00/BOE EV/1P reserves
Brookside Energy Trading on US$2.00/BOE EV/1P Reserves – significant discount to 12.3 MMBOE of 2P Net reserves. US small cap peers. SWISH Project Liquids make up 58% of 2P Reserves For personal use only Independently Certified Net Reserves1 1 January 2025 Reserves Cautionary Statement, Oil and gas r
Slide 19: Seasoned oil and gas leadership
Seasoned oil and gas leadership Brookside’s board has been For personal use only active in the US oil and gas industry for over 20 years and has a proven profit track record. Michael Fry David Prentice Richard Homsamy Chris Robertson Chairperson Managing Director Non-Executive Director Non-Executive
Slide 20: US$25m credit facility and initiatives to boost market capitalisation
US$25m Credit Facility in place Supplementary initiatives to boost our market capitalisation. Targeting NYSE ADR listing 2025. For personal use only Grow production. Build scale. Return capital. 20
Slide 21: We are Brookside Energy
We are Brookside Energy. A free cash flow-generating U.S. oil producer with high-margin growth and re-rating potential, strongly positioned to execute on its strategy to grow production, build scale, and return capital. Founded in 2015 and listed on the ASX (BRK) and For personal use only FY2024 Pro
Slide 22: Connect with us
Brookside Energy Ltd Level 3, 88 William Street ACN 108 787 720 Perth Western Australia 6000 For personal use only ASX: BRK | OTC Pink: RDFEF Australia Connect with us. eNews Join the conversation Follow us Subscribe to our e-news: www.x.com/BrooksideEnergy www.linkedin.com/company/ www.relait.brook