Brookside Energy Limited · ASX:BRK
Brookside Energy — Shareholder Meeting (May 2026)
19 slides from Brookside Energy's shareholder meeting presentation, May 29, 2026
Slide 1: 2026 Annual General Meeting Presentation
For personal use only Grow production. Build scale. Return capital. 2026 Annual General Meeting Presentation Mid-Continent focused oil and gas E&P company ASX: BRK | OTC Pink: RDFEF | NYSE American ADR: targeted for 1H2026 brookside-energy.com.au
Slide 2: Disclaimer
Disclaimer Forward-looking Statements and Other Disclaimers Reserves Cautionary Statement For personal use only This presentation may include forward-looking statements. Forward-looking statements are only Oil and gas reserves and resource estimates are expressions of judgment based on knowledge, pr
Slide 3: Oil Macro: Disciplined Supply Meets Tightening Fundamentals
Oil Macro: Disciplined Supply Meets Tightening Fundamentals WTI Curve Prices Near-Term Barrels at a Premium Oil markets remain exposed to supply For personal use only disruption, with limited inventory and spare capacity buffers. U.S. shale supply remains disciplined, with operators prioritising fre
Slide 4: FY2025 Performance: Cash Flow, Scale & Capital Discipline
FY2025 Performance: Cash Flow, Scale & Capital Discipline Brookside delivered strong production, cash generation Production Growth Underpins Strong Cash Generation and reserve growth while investing in operated inventory For personal use only and returning capital. Strong cash generation: A$53.8m sa
Slide 5: Investment Highlights
Investment Highlights Operating in the Anadarko Basin, a proven source of high-margin production. Scaled, HBP-operated Drilling Spacing Units (DSUs) in the core of the SWISH Play. For personal use only High-impact growth optionality plus active leasing success. Strong balance sheet with no debt, A$1
Slide 6: Growing Position in a World-Class Basin
Growing Position in a World-Class Basin Anadarko Basin is a globally significant super basin: diverse, resource-rich, and still under-developed. For personal use only Scale and Legacy: ~50 billion BOE already produced from >500,000 wells; home to 46 giant oil fields. Future Potential: Industry estim
Slide 7: Key Elements of the Strategy
Key Elements of the Strategy Grow production, Build scale and Return capital. For personal use only Consistent execution since SWISH discovery. Brookside has delivered across all three pillars of its strategy since unlocking the SWISH Play. Grow Production: Zero to ~2,000 BOE/day from nine horizonta
Slide 8: Valuation Disconnect: Sentiment vs Fundamentals
Valuation Disconnect: Sentiment vs Fundamentals Global Energy Sentiment at Multi-year Lows. For personal use only Institutional exposure to energy remains near the lowest levels in 15+ years, with fund managers more underweight today than during the depths of COVID. Prolonged bearish positioning coi
Slide 9: Peer Valuation: Material Discount to Comparables
Peer Valuation: Material Discount to Comparables Trading at significant discount to U.S. listed peers. For personal use only Brookside trades at ~1.2x 2025 EBITDA1. vs peer median of ~4.3x. Investors can buy Brookside’s production at a fraction of peer valuations. Trading at EV/2025 Production of ~U
Slide 10: High-Impact, Liquids-Rich Core Acreage
High-Impact, Liquids-Rich Core Acreage 5,000 net acres across five operated DSUs in the core of the SWISH Play (southern SCOOP, Anadarko Basin, For personal use only Oklahoma). Over 3.50 MMBOE produced from Brookside-operated wells since 2020. Targeting the Sycamore Lime and Woodford Shale, with eme
Slide 11: SWISH Play Reserves
SWISH Play Reserves 12.52 MMBOE SWISH Play independently certified Oil (Bbls) NGL (Bbls) Gas (Mcf) BOE Net Reserves. For personal use only PDP 596,421 852,230 8,091,402 2,797,218 57% liquids: high-value Proved Reserves weighted PDNP 7,815 - 18,300 10,865 toward light sweet crude and rich gas. PUD 74
Slide 12: Building Scale: Riverbend Growth Platform
Building Scale: Riverbend Growth Platform Disciplined, land-led pathway to expand operated inventory beyond SWISH. For personal use only Next growth platform: potential to expand Brookside’s operated Anadarko Basin footprint beyond SWISH. Leasehold Capture Leasehold capture advancing: more than 40%
Slide 13: FY2026 Priorities: Development, Scale and Visibility
FY2026 Priorities: Development, Scale and Visibility Pursue disciplined production growth: optimise existing wells and execute selective SWISH development as pricing recovers. For personal use only Harvest SWISH inventory: progress Sabres & Whalers as the SWISH Development Sabres & Whalers | High-re
Slide 14: Capital Structure and Liquidity
Capital Structure and Liquidity Capital Structure Share Price Performance ($A) May 2026 12 months to May 2026 For personal use only ASX Code BRK OTC Code RDFEF Shares Outstanding ~95.00 million Market Capitalization ~A$45 million (~US$31.7 million) Cash A$14.54 million at 1Q2026 Debt Nil Credit Faci
Slide 15: Board and Management Team
Board and Management Team Deep U.S. Oil and Gas Experience. Board Management For personal use only Decades of combined experience across United States upstream Michael Fry Lee Francis oil and gas, with a focus on unconventional resource plays. Chairman EVP Operations Track record of value creation:
Slide 16: Why Brookside, Why Now
Why Brookside, Why Now A Rare Triple Re-Rating Opportunity. For personal use only Sector re-rating: recovering oil prices, underinvestment and disciplined shale supply can support renewed interest in high-margin oil exposure. Peer re-rating: NYSE American ADR listing and U.S. investor engagement cre
Slide 17: Connect with us.
Connect with us. For personal use only Join the conversation www.x.com/BrooksideEnergy Follow us www.linkedin.com/company/ brookside-energy-limited eNews Subscribe to our e-news: https://relait.brookside- energy.com.au/announcement- dashboard David Prentice Managing Director and CEO Grow production
Slide 18: Appendix A: Key Terms and Abbreviations
Appendix A: Key Terms and Abbreviations TERM DEFINITION ADR American Depositary Receipt – enables US investors to trade foreign stocks For personal use only BOE Barrels of Oil Equivalent – standardized measure of oil and gas volume BOEPD Barrels of Oil Equivalent per Day – daily production rate CAPE
Slide 19: Appendix B: Key Metrics and Peer Comparisons
Appendix B: Key Metrics and Peer Comparisons Company Name Ticker EV/2024 EV/2025E EV/YE24 1P EV/YE24 2P EV/2024 EV/2025E EBITDA EBITDA Reserves Reserves Production Production For personal use only $/boe $/boe $/boepd $/boepd Brookside Energy BRK 1.1x 0.9x $ 3.62 $ 1.46 $ 11,509 $ 8,124 Epsilon EPSN