Slide 1: Annual General Meeting
For personal use only Annual General Meeting May 30, 2016
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 in the Current Environment
Strategy in the Current Environment Build value per share by leveraging For personal use only the expertise, experience and contacts of the Board and our joint venture partner Using a unique joint venture structure for US focussed activity Maintain maximum flexibility to take advantage of the
Slide 4: Catalysts for Oil Price Recovery
Catalysts for Oil Price Recovery Rig count plunges with ~1,300 on-shore Rig Count v's WTI oil rigs laid down since the peak of 2014 For personal use only 2,000 100 Capex slashed with ~US$400bn cut from 1,800 90 E&P spending from 2014 levels 1,600 80 Oil company bankruptcies accelerate 1,400 70
Slide 5: Right place, right time with the right structure
Right place, right time with the right structure Brookside’s STACK Play For personal use only acquisitions represent a first step in a strategy to build a position in one of the select group of on-shore United States plays that remain economic at the current forward curve Commodity price cycle c
Slide 6: Corporate Snapshot
Corporate Snapshot Board of Directors ASX:BRK For personal use only Michael Fry (Chairman) Share Price Range $0.007 - $0.012 David Prentice (Managing Director) Market Capitalization $4,000,000 Loren Jones (NED & Co. Sec) Fully Paid Ordinary Shares1 500,000,000 Listed Options (ASX:BRKO)2 250,000,000
Slide 7: Unique Joint Venture Structure
Unique Joint Venture Structure Brookside Energy’s agreement with Black Mesa Production, LLC (“Black Mesa”) For personal use only provides unique, low-cost and efficient exposure to the United States E&P energy sector at an opportune time in the commodity price cycle Investing alongside a Tulsa bas
Slide 8: Black Mesa Strategy
Black Mesa Strategy Black Mesa is executing a returns-based, disciplined strategy directed at the For personal use only acquisition of producing properties, lower-risk development drilling opportunities and larger scale entry level acreage plays/concepts Established capabilties to BRK Black Mesa p
Slide 9: Basin Scale Review identifies STACK Play
Basin Scale Review identifies STACK Play The Black Mesa team and Board For personal use only together have decades of experience STACK Play prospecting and operating in the prolific mid-continent region of the United States Inset “STACK Play identified as a stand See Inset out in the select group of
Slide 10: STACK Play - Recent Results
STACK Play - Recent Results The STACK Play and For personal use only specifically the Meramec formation is a stand out in the select group of on-shore United States plays that remain economic at the forward curve Black Mesa has recognized a unique opportunity to break into the STACK Play Black
Slide 11: STACK Play – Core Focus Area Identified
STACK Play – Core Focus Area Identified Black Mesa has identified a core focus area Type Log For personal use only within the broader STACK Play Key reservoir properties include: 250 – 450 ft. of gross Meramec thickness with two productive “benches” (large Hydrocarbon storage capacity) ~450ft
Slide 12: STACK Play - Industry Type Curve (Meramec)
STACK Play - Industry Type Curve (Meramec) “World class play For personal use only comparable with the most economic parts of the Permian and Eagle Ford Plays” EUR 1,700 Mboe (58% oil) IP30 Oil 1,300 bbl/day IP30 Gas 3,500 Mcf/day 12-month 380 Mboe cum. 12
Slide 13: STACK Play – Single Well Economics (Meramec)
STACK Play – Single Well Economics (Meramec) Forward Strip For personal use only Year Oil Gas (US$/Bbl) (US$/Mmbtu) 2017 40.47 2.40 2018 42.11 2.53 2019 43.37 2.60 2020 44.67 2.76 2021 46.01 2.85 Life 47.00 3.00 Assumptions: 1280 acre spacing unit (10,000’ lateral) CWC ~US$8mm - US$11mm NRI ~80% Pri
Slide 14: Brookside STACK Position Builds
Brookside STACK Position Builds STACK Play acquisitions represent a first “Brookside’s entry into the For personal use only step in a strategy to build a material position in the heart of this exciting play world class STACK Play Initial acquisition of royalties over gathers momentum” approximat
Slide 15: Summary
Summary Brookside Energy’s joint venture with Black For personal use only Mesa brings together a team of executives and Board members with extensive industry experience and a strong track record for creating significant value from energy start- ups The unique corporate structure provides maximum
Slide 16: Brookside Energy Limited
Brookside Energy Limited Brookside Energy Limited For personal use only Board of Directors Michael Fry (Chairman) David Prentice (Managing Director) Loren Jones (Director & Co. Sec.) Office Suite 9, 330 Churchill Avenue Subiaco Western Australia 6008 www.brookside-energy.com.au General Inquiries Fir
Slide 17: Black Mesa Production, LLC
Black Mesa Production, LLC Black Mesa Production, LLC For personal use only Board of Directors Bill Warnock (Chairman & CEO) John Brock Larry Edwards Chris Girouard David Prentice Executive Team Chris Girouard (President & COO) John Schumer (VP Reservoir Engineering) James Eddleman (Snr. Geologist)