Brookside Energy Limited · ASX:BRK
Brookside Energy — Investor Presentation (March 2022)
21 slides from Brookside Energy's investor presentation, Mar 7, 2022
Slide 1: Building on Success – Investor Presentation March 2022
For personal use only Building on Success Investor Presentation March 2022 brookside-energy.com.au ASX: BRK OTC Pink: RDFEF
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer For personal use only 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 “t
Slide 3: Macro Pricing Environment
Macro Pricing Environment Oil Hits 10-Year High as Brookside Ramps Up Production For personal use only Source: WTI Futures Contract, Oilprice.com
Slide 4: Accelerated Development
Accelerated Development Increasing Production as Prices Move Higher For personal use only • Three big wells, on production by the middle of the year • Producing into the highest oil prices in a decade • All three Drilling Spacing Units (DSU’s) held by production in first half of 2022 • Key step in t
Slide 5: Brookside - A Boutique Energy Company
Brookside - A Boutique Energy Company Focusing Today on a Better Tomorrow For personal use only Small • Small standalone developments standalone developments • Low capital requirements • Quick return of invested capital, Quick return • Small environmental less than 12-months at current of capital, L
Slide 6: Brookside’s Three Pillars
Brookside’s Three Pillars For personal use only
Slide 7: Premium Well Economics
Premium Well Economics High Rates of Return & Higher Profits For personal use only Type Well Sycamore Metrics Formation IP24 1,800 BOEPD Oil / Rich Gas 25% / 75% IRR >150% Payout 6 Months CAPEX / Well US$10m WTI US$20/BBL Breakeven Assumptions: 1) Modelled at WTI oil US$100/BBL, gas price US$3/MMbtu
Slide 8: Corporate Overview
Corporate Overview Capital Structure For personal use only 12- Month Share Price Performance Market Capitalization ~A$60m ASX: BRK (FPO’s). ~3,422,084,270 ASX: BRKOB ~1,575,715,852 Cash ~A$12.7m1. Land Holdings ~3,400-acres Prospective Resources 11,606,000 BOE 2. Shareholder Mix Click to add text 1.
Slide 9: Corporate Structure and Teams
Corporate Structure and Teams Brookside Energy Limited Black Mesa Energy, LLC1 For personal use only David Prentice (Managing Director) Chris Girouard (President & COO) Experienced resources sector executive with 15-plus years commercial E&P sector experience in 35-plus years in the oil & gas indust
Slide 10: Focused on the Anadarko Basin
Focused on the Anadarko Basin For personal use only Proven Oil & Gas Plays in a world-class basin SCOOP & STACK Plays, Anadarko Basin, Oklahoma Rates of return competitive with the very best shale plays in North America Highly sought-after Sycamore-Woodford trend in southern SCOOP Play (Brookside’s
Slide 11: Best Rocks, Big Wells
Best Rocks, Big Wells For personal use only WOC – well has been drilled, waiting on completion, BOEPD – barrels of oil equivalent per day Note: 1. The volumes stated in the figure and table above for wells operated by companies other than Brookside are actual volumes produced, drawn from publicly av
Slide 12: Jewell Well – Sycamore Formation
Jewell Well – Sycamore Formation The first Brookside BIG well For personal use only • Peak rate of ~1,800 BOE per day (75% liquids, 25% gas), exceeding pre-drill high estimates • 6th highest IP of any well in the SWISH AOI • Peak oil rate of 973 barrels per day and peak rich gas rate of 3,959 Mcf pe
Slide 13: Q4 2021 Results
Q4 2021 Results Company-Making Quarter 1. For personal use only • Revenue from sales of A$3,570,000, up 800% quarter on quarter as production and sales from the Jewell Well, our first operated well in the SWISH AOI, were received • Cash positive from operations for the quarter with a maiden operatin
Slide 14: Rangers & Flames Wells
Rangers & Flames Wells The next two BIG wells For personal use only Rangers Well (Sycamore Formation) • Brookside Working Interest ~80% • Successfully drilled to ~17,460 feet and cased with production casing string • Highly charged reservoir with extensive oil and gas shows continuously observed in
Slide 15: HBP Program Completed in First Half of 2022
HBP Program Completed in First Half of 2022 Highly Sought-After Sycamore-Woodford Trend For personal use only JEWELL DSU RANGERS DSU FLAMES DSU 1st BRK well drilled 2nd BRK well drilled 3rd BRK well to be drilled Drilled, completed & Producing Drilled, Completion March 2022 Pad built, Spud March 202
Slide 16: Brookside Accelerating Activity into 2022
Brookside Accelerating Activity into 2022 For personal use only Operational Momentum in 2021 Accelerating into 2022 Operational Efficiency Quicker Spud to Sales Decreased Costs
Slide 17: SWISH AOI Leasing Activity
SWISH AOI Leasing Activity Big Player Acquiring Large Acreage Position For personal use only Continental Resource (NYSE:CLR), with a market cap of US$21B, is now the largest acreage holder in the SWISH AOI Over the last few years they have greatly increased their acreage position through acquisition
Slide 18: Multiple Off Ramps for Value Creation
Multiple Off Ramps for Value Creation Acquire Upgrade Re-value Monetize Re-invest For personal use only Identify an opportunity, Consolidate acreage to build Secondary market transactions Sell upgraded and Use sale proceeds to start with the quality of a core high-grade operated establish early acre
Slide 19: Brookside Energy Limited
For personal use only Brookside Energy Limited Suite 9, 330 Churchill Avenue Subiaco WA 6008 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 Gracjan Lambert Executive General Manager Comm
Slide 20: Completion Operations Underway
APPENDIX For personal use only Completion Operations Underway Jewell Well, Carter County, Oklahoma August 2021
Slide 21: Glossary
Glossary APO WI AFIT AOI BBL After pay-out working interest After Federal Income Tax Area of Interest Barrel BFIT Before Federal Income Tax BOE Barrels of Oil Equivalent For personal use only BOEPD Barrels of Oil Equivalent Per Day BOPD Barrels of Oil Per Day BPD Barrels Per Day COPAS Council of Pet
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