Major Estimate Revision • May 06
Consensus EPS estimates fall by 41% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from AU$57.4m to AU$56.2m. EPS estimate also fell from AU$0.085 per share to AU$0.05 per share. Net income forecast to grow 88% next year vs 33% growth forecast for Oil and Gas industry in Australia. Consensus price target broadly unchanged at AU$1.64. Share price fell 7.7% to AU$0.54 over the past week. Announcement • Apr 23
Brookside Energy Limited, Annual General Meeting, May 29, 2026 Brookside Energy Limited, Annual General Meeting, May 29, 2026. Location: west tower suite, sofitel melbourne on collins, 25 collins street, melbourne victoria 3000, Australia Reported Earnings • Apr 01
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: AU$0.03 (in line with FY 2024). Revenue: AU$53.8m (up 15% from FY 2024). Net income: AU$2.73m (down 3.6% from FY 2024). Profit margin: 5.1% (down from 6.0% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.5%. Earnings per share (EPS) also missed analyst estimates by 58%. Revenue is forecast to stay flat during the next 2 years compared to a 7.4% growth forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. New Risk • Mar 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Profit margins are more than 30% lower than last year (7.6% net profit margin). Market cap is less than US$100m (AU$45.7m market cap, or US$31.4m). Reported Earnings • Sep 11
First half 2025 earnings released: EPS: AU$0.052 (vs AU$0.033 in 1H 2024) First half 2025 results: EPS: AU$0.052 (up from AU$0.033 in 1H 2024). Revenue: AU$30.0m (up 95% from 1H 2024). Net income: AU$5.00m (up 58% from 1H 2024). Profit margin: 17% (down from 21% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 19% per year. Major Estimate Revision • Jul 25
Consensus revenue estimates increase by 21% The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from AU$58.5m to AU$70.5m. EPS estimate increased from AU$0.146 to AU$0.19 per share. Net income forecast to grow 533% next year vs 21% growth forecast for Oil and Gas industry in Australia. Consensus price target broadly unchanged at AU$2.44. Share price fell 2.3% to AU$0.42 over the past week. Announcement • Apr 12
Brookside Energy Limited, Annual General Meeting, May 29, 2025 Brookside Energy Limited, Annual General Meeting, May 29, 2025. Location: at nexia perth, level 3, 88 william street, perth wa 6000 Australia Major Estimate Revision • Apr 07
Consensus EPS estimates fall by 21% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from AU$70.7m to AU$66.8m. EPS estimate also fell from AU$0.227 per share to AU$0.179 per share. Net income forecast to grow 514% next year vs 21% growth forecast for Oil and Gas industry in Australia. Consensus price target broadly unchanged at AU$2.99. Share price fell 5.2% to AU$0.36 over the past week. Reported Earnings • Apr 01
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: AU$0 (down from AU$0.17 in FY 2023). Revenue: AU$46.9m (down 8.8% from FY 2023). Net income: AU$2.83m (down 83% from FY 2023). Profit margin: 6.0% (down from 32% in FY 2023). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) were also behind analyst estimates. Revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 19
First half 2024 earnings released: EPS: AU$0.001 (vs AU$0.001 in 1H 2023) First half 2024 results: EPS: AU$0.001 (in line with 1H 2023). Revenue: AU$15.4m (down 43% from 1H 2023). Net income: AU$3.17m (down 38% from 1H 2023). Profit margin: 21% (up from 19% in 1H 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Announcement • Apr 24
Brookside Energy Limited, Annual General Meeting, May 24, 2024 Brookside Energy Limited, Annual General Meeting, May 24, 2024, at 10:00 W. Australia Standard Time. Location: The University Club of Western Australia Hackett Drive, Crawley WA 6009 Perth Australia Agenda: To receive and consider the annual financial report of the Company for the financial year ended 31 December 2023 together with the declaration of the Directors, the Directors' Report, the Remuneration Report and the Auditor's Report; to consider the adoption of the Remuneration Report; to consider the re-election of directors; and to consider other matters. Reported Earnings • Mar 29
Full year 2023 earnings released: EPS: AU$0.003 (vs AU$0.004 in FY 2022) Full year 2023 results: EPS: AU$0.003. Revenue: AU$51.4m (down 2.9% from FY 2022). Net income: AU$16.6m (up 10% from FY 2022). Profit margin: 32% (up from 28% in FY 2022). The increase in margin was driven by lower expenses. Announcement • Feb 02
Brookside Energy Limited to Report Q4, 2023 Results on Feb 06, 2024 Brookside Energy Limited announced that they will report Q4, 2023 results on Feb 06, 2024 New Risk • Jan 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (42% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$47.6m market cap, or US$31.4m). New Risk • Dec 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (42% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$57.5m market cap, or US$38.1m). Announcement • Nov 02
Brookside Energy Limited and Black Mesa Energy, LLC Appoints Shane Gray as Chief Financial Officer Brookside Energy Limited announced the appointment of Mr. Shane Gray as the Chief Financial Officer (CFO) for both Brookside Energy and its subsidiary, Black Mesa Energy, LLC, located in Oklahoma. Mr. Gray will commence in the role later this month and will report to David Prentice, Brookside's Managing Director. Shane is a highly accomplished CFO with a wealth of experience in the upstream oil and gas industry. He is recognized as a results-oriented leader, renowned for his ability to drive performance and deliver tangible outcomes in areas such as organizational process enhancement, team development, and operational support. Shane boasts extensive expertise in working with private equity-backed enterprises, including his most recent role with El Toro Resources. In addition, he has a substantial background in managing mergers and acquisitions specific to the oil and gas sector, as well as preparing companies for initial public offerings. Shane Gray is a graduate of the University of Oklahoma, holding a Bachelor of Business Administration in Accounting, and is a Certified Public Accountant (CPA). He is also a member of the Council of Petroleum Accountants Societies (COPAS). Announcement • Oct 28
Brookside Energy Limited to Report Q3, 2023 Results on Oct 31, 2023 Brookside Energy Limited announced that they will report Q3, 2023 results on Oct 31, 2023 Reported Earnings • Sep 17
First half 2023 earnings released: EPS: AU$0.001 (vs AU$0.001 in 1H 2022) First half 2023 results: EPS: AU$0.001 (in line with 1H 2022). Revenue: AU$26.8m (up 21% from 1H 2022). Net income: AU$5.09m (up 13% from 1H 2022). Profit margin: 19% (down from 20% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: AU$0.004 (vs AU$0.001 loss in FY 2021) Full year 2022 results: EPS: AU$0.004 (up from AU$0.001 loss in FY 2021). Revenue: AU$53.0m (up AU$48.0m from FY 2021). Net income: AU$15.1m (up AU$17.7m from FY 2021). Profit margin: 28% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Board Change • Mar 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. Independent Director Richard Homsany was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 15
Brookside Energy Limited Provides Update on Operations from Brookside's Phase Two Development Drilling in the SWISH Area of Interest Brookside Energy Limited provided shareholders and investors with an update on operations from Brookside's Phase Two development drilling in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin, the high-impact Wolf Pack 36-25-1S-4W SXH 2 Well (Wolf Pack Well). Present Operations: Circulation of drilling fluids to clean-up and remove any remaining debris from the milling of the isolation plugs and stimulation process is underway and proceeding as planned. Operations to connect the Wolf Pack location to a gas sales pipeline and a sales meter are underway. Work to lay and test major flowlines and set the tank battery and separator equipment is now underway. All operations were completed on schedule, safely and without incident. Activity Planned: Finalise the installation and testing of all surface production facilities and commence flow-back through the permanent production facilities. Announcement • Feb 03
Brookside Energy Limited Announces Wolf Pack Completion Operations Update Brookside Energy Limited provided shareholders and investors with an update on operations from Brookside's Phase Two development drilling in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin, the high-impact Wolf Pack 36-25-1S-4W SXH 2 Well (Wolf Pack Well). Snubbing unit was mobilised and successfully milled out the isolation plugs used for each stimulation stage. The snubbing unit was subsequently rigged down and demobilised with preparations commenced for well clean-up. All operations were completed on schedule, safely and without incident. Preparing for circulation of drilling fluids to clean-up and remove any remaining debris from the milling of the isolation plugs and stimulation process prior to the commencement of flow-back operations. The well will be flowed to temporary facilities on location as the stimulation fluids start to be recovered. Temporary facilities used during this initial flow-back phase are specifically designed to remove sand and other debris. The Wolf Pack Well is a Black Mesa Energy, LLC (a controlled subsidiary of Brookside) operated well that is being drilled by Latshaw Rig 12 in Stephens County, Oklahoma. The well was drilled as a mid-length horizontal well targeting the Sycamore Formation at an average depth of ~9,750 feet. The well was drilled to a total measured depth of ~17,260 feet, with ~7,500 feet of lateral section drilled in the Sycamore that was cased with production tubing to be perforated and treated to allow production of oil and rich gas. Announcement • Jan 24
Brookside Energy Limited Provides Juanita Well Operations Update Brookside Energy Limited provided shareholders and investors with an update on activity from Brookside's expanded Bradbury Area of Interest (AOI) located within the Arbuckle Uplift Ardmore Basin in Oklahoma. Present Operations Drilling of the Juanita Well has successfully reached total depth (TD) of ~6,350 feet. Extensive oil shows and elevated gas readings were observed at all ten potential reservoirs. Preparations have begun to commence wireline logging operations to acquire a full suite of logs across these target zones. Activity Planned: Run a full logging suite, and subject to results, commence operations to run and set production casing. Announcement • Jan 19
Brookside Energy Limited Provides Wolf Pack Well Completion Operations Brookside Energy Limited provided shareholders and investors with an update on operations from Brookside's Phase Two development drilling in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin, the high-impact Wolf Pack 36-25-1S-4W SXH 2 Well (Wolf Pack Well). Present Operations: Multi-stage hydraulic stimulation of the Wolf Pack Well has been successfully completed, with all stages completed and the reservoir successfully stimulated in accordance with post drill completion design. Demobilisation of the stimulation crew and equipment has now commenced, and the team are now focussed on the next stage of operations, beginning with milling out of the isolation plugs. Activity Planned: Continue demobilisation of stimulation crew and equipment, and preparation for milling out the isolation plugs. Once the isolation plugs have been milled out, operations will get underway to circulate drilling fluids and clean-up the well prior to flowback. About the Wolf Pack Well: The Wolf Pack Well is a Black Mesa Energy, LLC (a controlled subsidiary of Brookside) operated well that was drilled by Latshaw Rig 12 in Stephens County, Oklahoma. The well was drilled as a mid-length horizontal well targeting the Sycamore Formation at an average depth of ~9,750 feet. The well was drilled to a total measured depth of ~17,260 feet, with ~7,500 feet of lateral section drilled in the Sycamore that was cased with production tubing to be perforated and treated to allow production of oil and rich gas. Announcement • Jan 17
Brookside Energy Limited Provides Juanita Well Operations Update Brookside Energy Limited provided shareholders and investors with an update on activity form Brookside's expanded Bradbury Area of Interest (AOI) located within the Arbuckle Uplift Ardmore Basin in Oklahoma. Present Operations: Mobilisation of Dan D Drilling Rig 7 has been completed with the rig set-up and tested prior to commencement of drilling. Re-entry of the Juanita Well has commenced, currently drilling at approximately 3,500 feet. Activity Planned: Continue drilling to target depth. Logging of the ten potential reservoirs. The Juanita Well is a low-cost vertical well operated by Black Mesa, LLC (a controlled subsidiary of Brookside) and being drilled by Dan D Drilling Rig 7 in the Bradbury AOI. The Juanita Well will be drilled as a vertical well to a true vertical depth (TVD) of approximately 6,450 feet. The Juanita Well is targeting ten potential oil reservoirs, including zones from within the highly productive Simpson Group, all of which are proven producers in the area, with mean cumulative production from vertical wells in the Bradbury AOI of approximately 130 MBO per well, including a 744 MBO producer less than a mile east of the Juanita Well location. Announcement • Jan 05
Brookside Energy Limited Provides Juanita Well Operations Update Brookside Energy Limited provided shareholders and investors with an update on activity form Brookside's expanded Bradbury Area of Interest (AOI) located within the Arbuckle Uplift Ardmore Basin in Oklahoma. Present Operations: Mobilisation of Dan D Drilling Rig 7 is expected to commence this week. This rig was identified by the Black Mesa team as meeting the requirements to operate in the encountered pressure regime following the temporary suspension of drilling operations due to over-pressure. The Juanita Well was temporarily suspended at the end of November 2022 after encountering an over-pressured zone in the sandstones of the Springer Group at approximately 3,500 ft TVD until a rig capable of operating more efficiently at these pressures could be mobilised. Oil shows and elevated gas readings had already been observed in the Sycamore formation, the first of ten targeted potential reservoirs. Activity Planned: Post completion of mobilisation, the rig will be set-up and tested, with drilling of the Juanita Well expected to recommence during the week of 9 January 2023. The Juanita Well is a low-cost vertical well operated by Black Mesa, LLC (a controlled subsidiary of Brookside) and being drilled by Dan D Drilling Rig 7 in the Bradbury AOI. The Juanita Well will be drilled as a vertical well to a true vertical depth (TVD) of approximately 6,450 feet. The Juanita Well is targeting ten potential oil reservoirs, including zones from within the highly productive Simpson Group, all of which are proven producers in the area, with mean cumulative production from vertical wells in the Bradbury AOI of approximately 130 MBO per well, including a 744 MBO producer less than a mile east of the Juanita Well location. Announcement • Dec 23
Brookside Energy Limited Provides Wolf Pack Operations Update Brookside Energy Limited provided shareholders and investors with an update on operations from Brookside's Phase Two development drilling in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin, the high-impact Wolf Pack 36-25-1S-4W SXH 2 Well (Wolf Pack Well). Present Operations The Wolf Pack Well has reached TD (total measured depth) of ~17,260 feet, with extensive shows of oil and gas observed as drilling continued to TD. The well has now been successfully cased, with the production casing string successfully landed, set, and cemented in place. Operations to rig down Latshaw Rig 12 are underway. Operations are proceeding on schedule, safely and without incident. Activity Planned Continue rig down operations and release Latshaw Rig 12. Commence site work and installation of surface production facilities in preparation for arrival of well stimulation equipment and subsequent production of oil and rich gas. Announcement • Dec 16
Brookside Energy Limited Provides Wolf Pack Operations Update Brookside Energy Limited provided shareholders and investors with an update on operations from Brookside's Phase Two development drilling in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin, the high-impact Wolf Pack 36-25-1S-4W SXH 2 Well (Wolf Pack Well). Present Operations Drilling is continuing, with the rig currently drilling ahead in the lateral (horizontal) section of the well at a measured depth of ~13,500 feet. Extensive oil and gas shows have been observed in the horizontal section, consistent with expectations. Drilling operations are proceeding on schedule, safely and without incident. The Wolf Pack Well is a Black Mesa Energy, LLC (a controlled subsidiary of Brookside) operated well that is being drilled by Latshaw Rig 12 in Stephens County, Oklahoma. The well is being drilled as a mid-length horizontal well targeting the Sycamore Formation at an average depth of ~9,750 feet. The well will be drilled to a projected total measured depth of ~17,750 feet, with ~7,500 feet of lateral section drilled in the Sycamore that will subsequently be cased with production tubing to be perforated and treated to allow production of oil and rich gas. Announcement • Dec 09
Brookside Energy Limited Announces Wolf Pack Operations Update Brookside Energy Limited provided shareholders and investors with an update on operations from Brookside's Phase Two development drilling in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin, the high-impact Wolf Pack 36-25-1S-4W SXH 2 Well (Wolf Pack Well). Drilling is continuing, with the curve of the well successfully landed as planned in the selected bench of the Sycamore formation at a depth of 9,900 feet. The rig is currently drilling ahead in the lateral (horizontal) section of the well at a measured depth of 10,950 feet. Operations are proceeding on schedule, safely and without incident. Continue to drill ahead in the lateral (horizontal) section of the well. Announcement • Dec 01
Brookside Energy Limited Provides Wolf Pack Well Operations Report Brookside Energy Limited provided shareholders and investors with an update on operations from Brookside's Phase Two development drilling in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin, the high-impact Wolf Pack 36-25-1S-4W SXH 2 Well (Wolf Pack Well). The intermediate hole has been successfully drilled and cased with steel pipe that has been cemented in place. Operations to commence drilling of the curve are currently underway. The Wolf Pack Well is a Black Mesa Energy, LLC (a controlled subsidiary of Brookside) operated well that is being drilled by Latshaw Rig 12 in Stephens County, Oklahoma. The well is being drilled as a mid-length horizontal well targeting the Sycamore Formation at an average depth of approximately 9,750 feet. The well will be drilled to a projected total measured depth of approximately 17,750 feet, with approximately 7,500 feet of lateral section drilled in the Sycamore that will subsequently be cased with production tubing to be perforated and treated to allow production of oil and rich gas. Announcement • Nov 24
Brookside Energy Limited Provides Wolf Pack Operations Update Perth, Western Australia Brookside Energy Limited provide shareholders and investors with an update on operations from Brookside's Phase Two development drilling in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin, the high-impact Wolf Pack 36-25-1S-4W SXH 2 Well (Wolf Pack Well). The surface hole has been successfully drilled and cased with steel pipe that has been cemented in place. Drilling is continuing ahead in the intermediate section, currently at ~6,000 ft TVD. Activity Planned; Continue to drill the intermediate section to the next casing point, case with steel pipe and cement in place. Announcement • Nov 23
Brookside Energy Limited Provides an Update on Operations from Brookside's Second Well in the SWISH Area of Interest in the World-Class Anadarko Basin Brookside Energy Limited provided an update on operations from Brookside's second well in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin, the high-impact Rangers 36-25 SXH1 Well (Rangers Well). Brookside's Rangers Well has paid out within seven months of commencing production with all drilling and completion costs now fully recovered. The expedited payout considerably beat pre-drill estimates due to the strong Rangers Well production rates, a strong mix of oil and liquids rich gas and decade high commodity prices. The Rangers Well has produced approximately 173,400 BOE (~83% oil and NGL's) in its first seven months of production, generating revenues of USD 13,243,000 for the same period. The quick payout of the Rangers Well is further confirmation of the very high quality reservoirs (Sycamore and Woodford) that Brookside is exploiting in this area, and this is particularly important as it embark on its Phase Two development drilling in the SWISH AOI with its Wolf Pack Well currently drilling. Announcement • Nov 22
Brookside Energy Limited Provides Updates on Activity Form Expanded Bradbury Area of Interest Located Within the Arbuckle Uplift - Ardmore Basin in Oklahoma Brookside Energy Limited provided shareholders and investors with an update on activity form Brookside's expanded Bradbury Area of Interest located within the Arbuckle Uplift Ardmore Basin in Oklahoma. Present Operations: Drilling has encountered an over-pressured zone in the sandstones of the Springer Group at ~3,500 ft TVD. The decision was made to temporarily suspend the well until a rig capable of operating more efficiently at these pressures can be mobilised. Oil shows and elevated gas readings have already been observed in the Sycamore formation, the first of ten targeted potential reservoirs. Activity Planned: Several suitable rigs have been identified and are readily available with these rigs currently being reviewed by the Black Mesa team. Operations will recommence as soon as possible, estimated to be early in the New Year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non Executive Chairman Mike Fry was the last independent director to join the board, commencing their role in 2004. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 15
Brookside Energy Limited Provides Update on Operations from Brookside's Phase Two Development Drilling in the SWISH Area of Interest Brookside Energy Limited provided shareholders and investors with an update on operations from Brookside's Phase Two development drilling in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin, the high-impact Wolf Pack 36-25-1S-4W SXH 2 Well (Wolf Pack Well). The Wolf Pack Well has been successfully spudded by Latshaw Rig 12 after successful completion of rig-up and equipment testing. The well is currently drilling ahead in the vertical section of the wellbore toward the first casing point. Operations to date have included laying out the drill-string, making up the BHA (bottom hole assembly) and pre-spud inspection. Activity Planned: Continue to drill to the first casing point, trip out of hole, set surface casing and cement. Announcement • Nov 09
Brookside Energy Limited Provides Update on Juanita Well Operations Brookside Energy Limited provided shareholders and investors with an update on activity form Brookside's expanded Bradbury Area of Interest (AOI) located within the Arbuckle Uplift Ardmore Basin in Oklahoma. Present Operations: Edge Services Inc. (Edge Services) Rig 12 was mobilised to the well site, rigged up and tested. The Juanita Well has spudded, with the surface hole already drilled, cased, and cemented. Drilling of the straight hole section has commenced with the well currently approximately 2,000 feet TVD. Activity Planned: Continue drilling of the straight hole section. Highlights: Operations are proceeding on schedule, safely and without incident; Drilling rig on location, rigged up and tested; and Juanita Well has been spudded, currently at approximately 2,000 feet TVD. Announcement • Nov 04
Brookside Energy Limited Provides Shareholders and Investors with an Update on Operation Brookside Energy Limited provided shareholders and investors with an update on operations from Brookside's Phase Two development drilling in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin, the high-impact Wolf Pack 36-25-1S-4W SXH 2 Well (Wolf Pack Well) (Figure 2). Brookside announced that construction of the all-weather pad for the Wolf Pack Well has been completed and the conductor hole has been drilled and cased with steel pipe that has been cemented in place (Figure 1). Preparations and planning are underway to move housing trailers onto location and set up in anticipation of the arrival of the drill rig, drill crew and support staff in the week commencing 7th November. Announcement • Oct 28
Brookside Energy Limited Announces Flames Well Records Second Highest IP24 in Woodford Brookside Energy Limited provided shareholders and investors with an update on operations from Brookside's third well in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin, the high-impact Flames 3-10-1S-3W WXH1 Well (Flames Well). The Flames Well reached a peak rate (IP24) of ~1,500 BOE per day (75% liquids, 25% gas), recording the 2nd highestIP24 rate for a well producing from the Woodford formation in the SWISH AOI. Additionally, the well achieved an IP30 of ~1,200 BOE per day (30-day average), within a period of measurementcovering a combination of production rate growth followed by steady production. The Flames Well is a Black Mesa Energy, LLC (a controlled subsidiary of Brookside) operated well that was drilled byKenai Drilling Company in Carter County, Oklahoma. The well was drilled as a full-length horizontal well targeting theWoodford Formation at an average depth of ~7,800 feet. The well was drilled to a total measured depth of ~18,140 feet. Announcement • Oct 20
Brookside Energy Limited Announces Wolf Pack Well Operations Report Brookside Energy Limited provided shareholders and investors with an update on operations from Brookside's Phase Two development drilling in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin, the high-impact Wolf Pack 36-25-1S-4W SXH 2 Well (Wolf Pack Well). Brookside announced that construction of the all-weather pad for the Wolf Pack Well has commenced with the mobilisation of bulldozers, scrapers and excavators to site. Construction work is progressing on schedule with Black Mesa team members regularly on-site monitoring progress and ensuring that construction of the pad and access road is completed safely, efficiently and within budget. Announcement • Oct 13
Brookside Energy Limited Provides Update on Activity Form Brookside's Expanded Bradbury Area of Interest Located Within the Arbuckle Uplift Ardmore Basin in Oklahoma Brookside Energy Limited provided shareholders and investors with an update on activity form Brookside's expanded Bradbury Area of Interest (AOI) located within the Arbuckle Uplift Ardmore Basin in Oklahoma. Pad construction on the Juanita Well site in the Bradbury AOI has been completed. The 70-foot conductor hole has been drilled and cased with 20-inch steel pipe that has been cemented in place. Preparations and planning are underway to move housing trailers onto location and set up in anticipation of the arrival of the drill rig, drill crew and support staff in the week commencing 17 October. Announcement • Sep 28
Brookside Energy Limited Provides Update on Operations from Brookside's Phase Two Development Drilling in the SWISH Area of Interest Brookside Energy Limited provided shareholders and investors with an update on operations from Brookside's Phase Two development drilling in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin, the high-impact Wolf Pack 36-25-1S-4W SXH 2 Well (Wolf Pack Well). Brookside controlled subsidiary, Black Mesa Energy, LLC has executed an IADC Drilling Bid Proposal and Daywork Drilling Contract with Oklahoma based Latshaw Drilling Company, the same company that was used to drill the Jewell Well. Brookside has successfully secured Latshaw Rig 12 for drilling of the Wolf Pack well, a similar top-drive rig to Latshaw's Rig 14 that successfully drilled the Jewell Well. This will be Brookside's first well in the Phase Two development drilling campaign post the successful completion of the HBP Program, its fourth operated well in the SWISH AOI and its second in the Rangers DSU. The Wolf Pack well is expected to spud in early November and will be drilled as a mid-length horizontal well targeting the Sycamore Formation at an average depth of ~9,515 feet. The well will be drilled to a projected measured depth of ~17,000 feet, with ~7,300 feet of lateral section drilled in the Sycamore that will subsequently be cased with production tubing to be perforated and treated to allow production of oil and rich gas. Regulatory Applications have been filed with the Oklahoma Corporation Commission (OCC) for development drilling within the Rangers DSU to ensure that all approvals are in place prior to spud. Pad works have also commenced, and the team are working diligently to lock down agreements with other key service providers. Brookside looks forward to providing further updates in this regard shortly. Reported Earnings • Sep 14
First half 2022 earnings released: EPS: AU$0.001 (vs AU$0.001 loss in 1H 2021) First half 2022 results: EPS: AU$0.001 (up from AU$0.001 loss in 1H 2021). Revenue: AU$22.1m (up AU$21.7m from 1H 2021). Net income: AU$4.50m (up AU$6.62m from 1H 2021). Profit margin: 20% (up from net loss in 1H 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Announcement • Aug 05
Brookside Energy Limited Updates on Operations from Brookside's Third Well in the Swish Area of Interest in Anadarko Basin Brookside Energy Limited provided shareholders and investors with an update on operations from Brookside's third well in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin, the high-impact Flames 3-10-1S-3W WXH1 Well (Flames Well). Commercial production of oil and rich gas has already commenced during the very early part of the flow-back and stimulation fluid recovery operations on the Flames Well (Brookside ~71.3% Working Interest). Oil and gas flow rates are increasing in line with modelled flow-back profile. Even though the well is still in the very early part of the flow-back and stimulation fluid recovery process, the rate of oil and rich gas production has already allowed it to commence commercial production and sales. Significant volumes of oil and rich gas have already been sold into the spot market with oil trucked to a nearby pipeline terminal and gas transported via pipeline to a gas processing plant. The combination of premium quality light sweet crude and liquids rich gas production and an unhedged production allows Brookside to take full advantage of the current strength of oil, gas and NGL prices and all future price upside.With commercial production now established in the Flames DSU, this unit is classified as HBP. This classification will ultimately enable the Company to book proved developed and proved undeveloped reserves within this DSU. The Company will update the market with IP24 (peak rate), IP 30 and IP 90 production rates as these are achieved. Recent Insider Transactions Derivative • Jul 03
Independent Non Executive Chairman exercised options to buy AU$80k worth of stock. On the 30th of June, Michael Fry exercised options to buy 5m shares at a strike price of around AU$0.011, costing a total of AU$55k. This transaction amounted to 22% of their direct individual holding at the time of the trade. Since September 2021, Michael's direct individual holding has increased from 13.13m shares to 23.00m. Company insiders have collectively bought AU$1.2m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions Derivative • Jun 26
CEO, MD & Executive Director exercised options to buy AU$1.4m worth of stock. On the 23rd of June, David Prentice exercised options to buy 98m shares at a strike price of around AU$0.011, costing a total of AU$1.1m. This transaction amounted to 754% of their direct individual holding at the time of the trade. Since September 2021, David's direct individual holding has decreased from 13.00m shares to . Company insiders have collectively bought AU$1.2m more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Jun 24
Brookside Energy Limited Announces Flames Well Operations Update Brookside Energy Limited provided shareholders and investors with an update on operations from Brookside's third well in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin, the high-impact Flames 3-10-1S-3W WXH1 Well (Flames Well). Present Operations Producers Service Corp. (PSC) has successfully completed the multi-stage hydraulic stimulation of the Rangers Well (Figure 1). All stages were completed as designed and planned, the reservoir successfully stimulated with the equipment now being rigged down and demobilised. Activity Planned Move in and rig up a coiled tubing unit. Mill out the isolation plugs for each stage and commence circulation and well bore clean-up operations. Commence recovery of the hydraulic stimulation fluid from the well. This final stage of the overall completion operations (removal of the isolation plugs, clean-up and recovery of stimulation fluid) is expected to take approximately 14-21 days to complete. Announcement • Jun 22
Brookside Energy Limited Provides Update on Operations from Brookside's Second Well Brookside Energy Limited provided shareholders and investors with an update on operations from Brookside's second well in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin, the high-impact Rangers 36-25 SXH 1 Well (Rangers Well). The Rangers Well has recorded a daily production rate of 1,310 BOEPD, ~87% oil and gas liquids, with only 21% of stimulation fluid recovered to date. Production is modelled to continue to increase steadily as more stimulation fluid is recovered. The Rangers Well has already produced approximately 73,160 BOE (~87% oil and gas liquids) during only the first 2.5 months of production, reinforcing the quality of Brookside's SWISH acreage and its strategy of drilling low-risk high- impact development wells. Gross revenue (8/8th's basis) generated by the Rangers Well to date is already estimated to exceed USD 6.75 million based on WTI at USD 110 per barrel and natural gas at USD 8 per Mcf which will be highly accretive to the Company's balance sheet. The Company will update the market with IP24 (peak rate), IP 30 and IP 90 production rates as these are achieved. Announcement • Jun 09
Brookside Energy Limited Announces Flames Well Operations Update Brookside Energy Limited announced to provide shareholders and investors with an update on operations from Brookside's third well in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin, the high-impact Flames 3-10-1S-3W WXH1 Well (Flames Well). Present Operations: Construction of surface facilities has been completed, including connection to the gas sales line, with the well now prepared for completion. PSC has begun mobilisation of equipment and operating crew with operations expected to commence shortly. Operations are proceeding on schedule, safely and without incident. Activity Planned: Finalise the mobilisation of PSC equipment and crew and commence completion operations. Announcement • May 26
Brookside Energy Limited Provides Flames Well Operations Update Brookside Energy Limited provided shareholders and investors with an update on operations from Brookside's third well in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin, the high-impact Flames 3-10-1S-3W WXH1 Well. The tank battery has been laid out and tank pedestals built. Production equipment has arrived on site including an oil and gas separator, heater treater and oil storage tanks. Installation and plumbing-in of the surface production facilities has commenced. A coiled tubing unit has been mobilised and the well Christmas tree has been pressure tested. Operations are proceeding on schedule, safely and without incident. Complete installation and plumbing-in of surface production facilities in preparation for completion operations and production. Move in and rig up completion equipment and commence completion operations. Announcement • May 13
Brookside Energy Limited Provides an Update on Operations from It's Second Well in the Swish Area of Interest Brookside Energy Limited provided shareholders and investors with an update on operations from the company's second well in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin, the high-impact Rangers 36-25 SXH 1 Well (Rangers Well). Early Rangers Well production has reached 1,008 BOEPD, ~80% oil plus gas and natural gas liquids, with only 17% of stimulation fluid recovered to date. Production continues to increase in-line with its modelled expectations for an oil rich reservoir and is projected to continue to increase for several months. To date the Rangers Well has produced approximately 27,417 BOE including 21,770 barrels of oil, plus gas and natural gas liquids, confirming the high oil concentration of the reservoir. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non Executive Chairman Mike Fry was the last independent director to join the board, commencing their role in 2004. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 21
Brookside Energy Limited Provides Update on Operations from Brookside's Third Well in the SWISH Area of Interest in Anadarko Basin Brookside Energy Limited provided shareholders and investors with an update on operations from Brookside's third well in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin, the high-impact Flames 3-10-1S-3W WXH1 Well (Flames Well). Brookside's longest well and lateral to date has reached TD (total measured depth) of ~18,140 feet. The Flames Well has been successfully cased, with the 5.5' production casing string landed, set and cemented in place. Operations to rig down Kenai Drilling Rig 18 are underway. Operations are proceeding on schedule, safely and without incident. Continue rig down operations and release Kenai Drilling Rig 18. Commence site work and installation of surface production facilities in preparation for arrival of well stimulation equipment and subsequent production of oil and rich gas. Announcement • Apr 08
Brookside Energy Limited Announces Flames Well Operations Update Brookside Energy Limited (Brookside or the Company) to provide shareholders and investors with an update on operations from Brookside's third well in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin, the high-impact Flames 3-10-1S-3W WXH1 Well (Flames Well). Drilling ahead in the lateral section of the well within the target Woodford Formation. The wellbore has been drilled to a measured depth of approximately 14,300 feet. Drilling operations are proceeding on schedule, safely and without incident. Continue to drill ahead in the horizontal section of the wellbore toward the targeted total measured depth. The Flames Well is a Black Mesa Energy, LLC (a controlled subsidiary of Brookside) operated well that is being drilled by Kenai Drilling Company in Carter County, Oklahoma. The well is being drilled as a full-length horizontal well targeting the Woodford Formation at an average depth of approximately 7,800 feet. The well will be drilled to a projected total measured depth of approximately 18,300 feet, with approximately 10,000 feet of lateral section drilled in the Woodford that will subsequently be cased with production tubing to be perforated and treated to allow production of oil and rich gas. Announcement • Apr 07
Brookside Energy Limited Provides Rangers Well Operations Update Brookside Energy Limited provided shareholders and investors with an update on operations from Brookside's second well in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin, the high-impact Rangers 36-25 SXH 1 Well (Rangers Well). Present Operations: Operations to clean-up the well to remove any remaining debris from the milling operations and the stimulation process have been completed successfully, on schedule, safely and without incident. The well is flowing to temporary facilities on location as the stimulation fluids start to be recovered. Temporary facilities designed to remove sand and other debris from the stimulation fluids are being used during this initial flow-back phase. A cut of oil and gas has been observed in stimulation fluid that is being recovered during this part of the flow-back process. Activity Planned: Continue flow-back operations to recover stimulation fluids. Turn the well from temporary facilities to the Company's permanent production facilities, continue to recover stimulation fluids and commence sales of oil and gas. Reported Earnings • Apr 01
Full year 2021 earnings released: AU$0.001 loss per share (vs AU$0.002 loss in FY 2020) Full year 2021 results: AU$0.001 loss per share. Revenue: AU$4.95m (up AU$4.59m from FY 2020). Net loss: AU$2.61m (loss widened 7.2% from FY 2020). Announcement • Mar 31
Brookside Energy Limited Provides Flames Well Operations Update Brookside Energy provided shareholders and investors with an update on operations from Brookside's third well in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin, the high-impact Flames 3-10-1S-3W WXH1 Well (Flames Well). Present Operations: Drilling of the Flames Well reached the intermediate casing point with casing then set in place and cemented. Drilling continued with the curve of the well successfully landed. The rig is currently drilling ahead in the lateral (horizontal) section of the well at a measured depth of approximately 9,050 feet. Operations are proceeding on schedule, safely and without incident. Activity Planned: Continue to drill ahead in the lateral (horizontal) section of the wellbore. The Flames Well is a Black Mesa Energy, LLC (a controlled subsidiary of Brookside) operated well that is being drilled by Kenai Drilling Company in Carter County, Oklahoma. The well is being drilled as a full-length horizontal well targeting the Woodford Formation at an average depth of 7,800 feet. The well will be drilled to a projected total measured depth of 18,300 feet, with 10,000 feet of lateral section drilled in the Woodford that will subsequently be cased with production tubing to be perforated and treated to allow production of oil and rich gas. Announcement • Mar 30
Brookside Energy Limited Provides Rangers Well Operations Update Brookside Energy Limited provided shareholders and investors with an update on operations from Brookside's second well in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin, the high-impact Rangers 36-25 SXH 1 Well (Rangers Well). Completed rigging up of the coiled tubing unit. The isolation plugs used for each stimulation stage were successfully milled out and drilling fluid is being circulated in the wellbore to clean-up and remove any remaining debris from the milling operations and the stimulation process. In line with expectations, during operations to circulate the drilling fluid oil and gas were recovered to surface. These operations have been completed on schedule, safely and without incident. Complete the clean-up operations and prepare to commence flow-back operations. This final stage of the overall completion operations, to recover fluid used in the stimulation process and flow the well to the permanent production facilities on location, is expected to take approximately 14 days to complete. The Rangers Well is a Black Mesa Energy (a controlled subsidiary of Brookside) operated well being drilled by Kenai Drilling Company in Stephens County, Oklahoma. The well was drilled as a mid-length horizontal well targeting the Sycamore Formation at an average depth of ~9,750 feet. The well was drilled to a total measured depth of ~17,460 feet, with ~7,500 feet of lateral section drilled in the Sycamore that was subsequently cased with production tubing to be perforated and treated to allow production of oil and rich gas. Announcement • Mar 06
Brookside Energy Limited Provides Rangers Operations Update Brookside Energy Limited provide shareholders and investors with an update on operations from Brookside's second well in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin, the high-impact Rangers 36-25 SXH 1 well (Rangers Well). Cudd Energy Services has commenced mobilisation of completion equipment and personnel to the Rangers Well pad which are scheduled to begin arriving on location today. Work is ongoing to complete installation and plumbing-in of surface production facilities in preparation for completion operations. Rigging up completion equipment including the erection of the temporary silos for sand storage, the spotting of the in- line blender and back-up blender and moving in of pumps. Commence Rangers Well "plug and perforate" operations; during this time each stage will be treated individually before moving onto the next stage, beginning at the toe. It is estimated that this step of the completion operations will take approximately two weeks to complete. The final stage of the overall completion operations (removal of the isolation plugs, well clean-up, and recovery of stimulation fluid) is expected to take a further three weeks to complete. Announcement • Feb 21
Brookside Energy Limited Provides Update on Operations from Brookside's Second Well in the Swish Area of Interest Brookside Energy Limited provided an update on operations from Brookside's second well in the SWISH Area of Interest (AOI) in the world- class Anadarko Basin, the high-impact Rangers 36-25 SXH 1 Well (Rangers Well). Operations are proceeding on schedule, safely and without incident Works have commenced to construct and install surface production facilities and to connect the well to a nearby gas sales line in preparation for completion operations and subsequent production Cudd Energy Services will begin moving in equipment shortly with an expected commencement of completion operations in the first week of March. Production equipment has arrived on site including a horizontal separator, vertical heater treater, vertical separator, and four 750-barrel oil storage tanks. The tank battery has been laid out and tank pedestals built. Installation and plumbing-in of the surface production facilities has commenced. The well Christmas tree has been pressure tested and two completion tanks have been set in preparation for completion operations to commence. Operations are proceeding on schedule, safely and without incident. Complete installation and plumbing-in of surface production facilities in preparation for completion operations and production. Move in and rig up completion equipment and commence completion operations. The Rangers Well is a Black Mesa Energy operated well being drilled by Kenai Drilling Company in Stephens County, Oklahoma. The well is being drilled as a mid-length horizontal well targeting the Sycamore Formation at an average depth of ~9,750 feet. The well will be drilled to a projected measured depth of ~17,750 feet, with ~7,500 feet of lateral section drilled in the Sycamore that will subsequently be cased with production tubing to be perforated and treated to allow production of oil and rich gas. Announcement • Feb 01
Brookside Energy Limited provides an update on the completion of its second well in the SWISH Area of Interest Brookside Energy Limited provided shareholders and investors with an update on the completion of the company's second well in the SWISH Area of Interest (AOI) in the world- class Anadarko Basin, the high-impact Rangers 36-25 SXH 1 Well (Rangers Well). Announcement • Jan 25
Brookside Energy Limited Reports Flames Well Operations Brookside Energy Limited provided shareholders and investors with an update on the preparation for the drilling of the Flames Well in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin.Brookside announced that construction of the all-weather multi-well pad for theFlames Well has commenced with the mobilisation of bulldozers, scrapers and excavators to site. Construction work is progressing on schedule with Black Mesa team members regularly on-site monitoring progress and ensuring that construction of the pad and access roadis completed safely, efficiently and within budget. The completed multi-well pad will be 475 feet x 475 feet (145 metres x 145 metres) in size andwill facilitate all-weather working conditions. Access to the pad will be from a local county roaddirectly onto the well pad. The Flames Well pad has been designed as a multi-well pad to accommodate both drilling andthe large assembly of completion and stimulation equipment that will be required post drilling. In addition, the design of the pad will allow for drilling of multiple wells in anticipation of future fullfield development of the Flames Unit. Announcement • Jan 18
Brookside Energy Limited Provides Shareholders and Investors with an Update on Operations from Brookside's Second Well in the Swish Area of Interest in the World-Class Anadarko Basin, the High-Impact Rangers 36-25 SXH 1 Well Brookside Energy Limited provided shareholders and investors with an update on operations from Brookside's second well in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin, the high-impact Rangers 36-25 SXH 1 Well (Rangers Well). The horizontal (lateral) section of the Rangers Well has been successfully cased with the production casing string landed, set and cemented in place. Kenai Rig 18 has now been released and is being demobilised after successful completion of the Rangers Well drilling operation. Site work has commenced in preparation for arrival of well stimulation equipment and subsequent production of oil and rich gas. Operations are proceeding on schedule, safely and without incident. Continue preparation of the site for arrival of well stimulation equipment and commencement of completion operations. Commence building of surface production equipment including a heated horizontal separator, vertical heater treater, vertical separator, and four 750-barrel storage tanks. Announcement • Jan 13
Brookside Energy Limited Provides Update on Operations from Brookside's Second Well in the SWISH Area of Interest Brookside Energy Limited provided shareholders and investors with an update on operations from Brookside's second well in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin, the high-impact Rangers 36-25 SXH 1 Well (Rangers Well). Drilling of the horizontal section has been completed and the Rangers Well reached TD (total measured depth) of approximately 17,460 feet on 11 January 2022 CDT. Extensive oil and gas shows continued to be observed in mud logging of the Sycamore formation in the horizontal section. These hydrocarbon shows are consistent with expectations. Currently conditioning the well bore in preparation for casing. Operations are proceeding on schedule, safely and without incident. Case horizontal section of the well with production casing string. Demobilise Kenai Rig 18. Prepare the site for arrival of well stimulation equipment. Commence building of the production tank battery and oil and gas separators. Announcement • Jan 01
Brookside Energy Limited Provides Rangers Well Operations Report Brookside Energy Limited provided an update on operations from Brookside's second well in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin, the high-impact Rangers 36-25 SXH 1 Well (Rangers Well). During the last 24 hours the intermediate casing was successfully set and cemented at the designed depth and the Rangers Well curve was subsequently landed as planned at a measured depth of 10,260 feet in the target formation (Sycamore). As at December 29, 2021, operations were underway to trip out of the hole to pick-up the assembly required for drilling of the lateral portion of the wellbore. Drilling operations are proceeding on schedule, safely and without incident. Announcement • Dec 13
Brookside Energy Limited Provides Rangers Well Operations Report Brookside Energy Limited provided shareholders and investors with an update on drilling operations of Brookside's second well in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin, the high-impact Rangers 36-25 SXH 1 Well(Rangers Well). The Rangers Well was successfully spudded on the evening of 11 December 2021, Oklahoma localtime by Kenai Rig 18 after successful completion of rig-up and equipment testing.Operations in the previous 24-hour period included laying out the drill-string, making up the BHA(bottom hole assembly), installing the MWD (measurement while drilling tool) and making up the drillbit. The well is currently drilling ahead in the vertical section. The Company will provide weeklyoperational reports on well progress throughout the Rangers Well drilling campaign. Announcement • Dec 02
Brookside Energy Limited Announces Rangers Well Operations - Drill Rig Mobilisation Brookside Energy Limited provided shareholders and investors with an update on operations in preparation for the drilling of Brookside's second well in theSWISH Area of Interest (AOI) in the world-class Anadarko Basin, the high-impact Rangers 36-25 SXH 1 Well (Rangers Well). Mobilisation of the Kenai Rig 18 to the Rangers Drilling Spacing Unit (DSU) is scheduled to begin on 6 December with an estimated spud date in the week commencing 13 December. Installation of ancillary and support equipment on the location, including tanks for storage of water and drilling fluids along with trailers to house operations supervision personnel and equipment, will begin this week. Announcement • Sep 24
Brookside Energy Limited's Jewell Well Early Flow Exceeds Pre-Drill Estimates Brookside Energy Limited provided shareholders and investors with an update on operations on the high-impact Jewell 13-12-1S-3W SXH1 well (Jewell Well) located in Brookside's SWISH Area of Interest (AOI) in the world-class Anadarko Basin. The Jewell Well has recorded a daily production rate of 1,238 BOE (85% liquids) per day, early in the flow-back and fluid recovery operations, with only approximately 22% of the stimulation fluid recovered. Oil and (liquids rich) gas production is expected to increase steadily beyond these early rates over the coming weeks (above company's pre-drill estimates) in line with company's modelled flow-back trajectory. To date, the Jewell Well has produced approximately 14,800 barrels of oil and 29,500 Mcf of liquids rich gas, with oil trucked to a nearby pipeline terminal and gas transported via pipeline to a DCP Midstream, LP gas processing plant for sale. The Company will report a peak rate (IP24), as well as IP30 and IP90 rates as these are achieved. Announcement • Sep 15
Brookside Energy Limited Announces Jewell Well in Production Brookside Energy Limited provided shareholders and investors with an update on operations on the high-impact Jewell 13-12-1S-3W SXH1 well (Jewell Well) located in Brookside's SWISH Area of Interest (AOI) in the world-class Anadarko Basin. Oil and gas flow rates for the Jewell Well are already approaching the Company's pre-drill base case volume estimates and are increasing in line with its modelled flow-back profile. Even though the Company is still in the early part of flow-back and stimulation fluid recovery, the rate of oil and gas production has already allowed it to commence commercial production and sales with production now turned from temporary facilities to the Company's permanent production facilities on the Jewell Well location. Material volumes of oil and gas have already been sold into the market with oil trucked to a nearby pipeline terminal and gas transported via pipeline to a DCP Midstream gas processing plant. The combination of premium quality light sweet crude and liquids rich gas production and an unhedged book allows Brookside to take full advantage of the current strength of oil, gas and NGL prices and all future price upside. With commercial production now established in the Jewell DSU, this unit is classified as HBP. This classification will ultimately enable the Company to book proved developed and proved undeveloped reserves within this DSU. The Company will update the market with IP24 (peak rate), IP 30 and IP 90 numbers as these are achieved. Reported Earnings • Sep 15
First half 2021 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in 1H 2020) First half 2021 results: Net loss: AU$2.12m (loss widened 43% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Announcement • Sep 09
Brookside Energy Limited Provides Update on Operations in Preparation for the Drilling of Brookside's Second Well in the Swish Area of Interest in the Anadarko Basin, the High-Impact Rangers 36-25 SXH 1 Well Brookside Energy Limited provided update on operations in preparation for the drilling of Brookside's second well in the SWISH Area of Interest in the Anadarko Basin, the high-impact Rangers 36-25 SXH 1 Well (Rangers Well). Brookside announced that its subsidiary, Black Mesa Energy, LLC executed an IADC Drilling Bid Proposal and Daywork Drilling Contract with Kenai Drilling. The contract is to supply and operate Kenai Rig 18 for the drilling of the Company's second well being its first well in the Rangers DSU, the Rangers Well, under the supervision of the Black Mesa team. The Company took the opportunity to secure Kenai Rig 18, a newer generation rig than that used to drill the Jewell Well. Kenai Rig 18 has been operating extensively in the Southern Scoop area, drilling horizontal wells for some of the large privately held operators that are active in the area. Kenai Rig 18 is currently drilling in the SWISH area and the Company is working with Kenai to align the drilling slot with the availability of related well services and materials that the Company is in the process of securing in anticipation of the upcoming well spud. Kenai Rig 18 is a new generation modern top-drive rig with a Canrig Model 1250 AC-681, 500-ton Top Drive Drilling System, American Block Drawworks, powered by a Joliet 1,500 HP AC drilling motor. The rig has a drilling range of 23,000 feet and is powered by 4-MTU,12V-4000 (1,482 HP each) diesel engines, driving 4-Hyundai 1,100 KW Generators. Kenai Rig 18 meets and exceeds the specifications required to drill the Rangers Well on time and on budget while complying with all HSE requirements. The estimated quantities of petroleum that may potentially be recovered by the application of future development projects relate to undiscovered accumulations. These estimates have both an associated risk of discovery and a risk of development. Further appraisal and evaluation is required to determine the existence of a significant quantity of potentially moveable hydrocarbons. Initial wells drilled in the SWISH AOI will be targeting one of two primary producing formations in the SWISH AOI, the Sycamore formation. The Sycamore formation continues to deliver outstanding sustained productivity in nearby offsetting wells. Future wells will also target the Woodford formation, which just like the Sycamore formation continues to deliver outstanding sustained productivity in nearby offsetting wells. Announcement • Aug 26
Brookside Energy Limited Announces Update on Operations in Preparation for the Drilling of the Rangers 36-25-Sxh1 Brookside Energy Limited provide shareholders and investors with an update on its operations in preparation for the drilling of the Rangers 36-25-SXH1 (Rangers Well), in the SWISH AOI in the core of the southern SCOOP Play in the world-class Anadarko Basin. Agreement has been reached with surface owners for the construction of an all-weather pad in the Rangers Drilling Spacing Unit (DSU) in Stephens County to facilitate the drilling and completion of the Rangers Well, with construction works expected to commence next week The Rangers Well is the second operated well to be drilled by Brookside in the highly sought- after Sycamore-Woodford trend within the SWISH AOI and comes immediately after the successful drilling and completion of the Jewell Well. Announcement • Aug 25
Brookside Energy Limited Provides Update on Operations on the High-Impact Jewell 13-12-1S-3W SXH1 Well Brookside Energy Limited provided shareholders and investors with an update on operations on the high-impact Jewell 13-12-1S-3W SXH1 well (Jewell Well) located in Brookside's SWISH Area of Interest (AOI) in the world-class Anadarko Basin. Present Operations: A coiled tubing unit was mobilised to the Jewell Well location and rigged up. The isolation plugs used for each stimulation stage were subsequently successfully milled out and drilling fluid is being circulated in the wellbore to clean-up and remove any remaining debris from the milling operations and the stimulation process. In line with expectations, during operations to circulate the drilling fluid, oil was recovered to surface. These operations have been completed on schedule, safely and without incident. Activity Planned: Complete the clean-up operations and prepare to commence for flow-back operations. This final stage
of the overall completion operations, to recover fluid used in the stimulation process and flow the well to the permanent production facilities on location is expected to take approximately 14-days to complete. Announcement • Aug 20
Brookside Energy Limited Provides Completion of Jewell Well Operations Update Brookside Energy Limited provided shareholders and investors with an update on operations on the high-impact Jewell 13-12-1S-3W SXH1 well (Jewell Well) located in Brookside's SWISH Area of Interest (AOI) in the world-class Anadarko Basin. Liberty Oilfield Services (Liberty) have successfully completed the multi-stage hydraulic stimulation of the Jewell Well. All stages were completed as designed with the reservoir successfully stimulated in
accordance with the completion plan, on schedule, safely and without incident. The gas pipeline to the tie-in point on the DCP Midstream, LP (DCP) sales line has now been completed, connected and tested in preparation for production. Liberty has completed multi-stage hydraulic stimulation operations on the Jewell Well. All stages were completed as designed and planned with the reservoir successfully stimulated and the equipment is now rigged down and demobilised. The coil tubing unit is being rigged up for the next stage of operations which will involve milling out the isolation plugs for each stage. The gas pipeline from the Jewell Well to the tie-in point on a DCP sales line has been completed, connected, and tested in preparation for production. Rig up the coiled tubing unit, mill out the isolation plugs for each stage and commence circulation and well bore cleanup operations. Commence recovery of the hydraulic stimulation fluid from the well. This final stage of the overall completion operations (removal of the isolation plugs, cleanup, and recovery of stimulation fluid) is expected to take approximately 14-20 days to complete. Announcement • Aug 14
Brookside Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 9 million. Brookside Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 9 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 300,000,000
Price\Range: AUD 0.03
Discount Per Security: AUD 0.0018
Transaction Features: Subsequent Direct Listing Announcement • Aug 08
Brookside Energy Limited announced that it has received AUD 9 million in funding Brookside Energy Limited announced a private placement of 300,000,000 fully paid ordinary shares at a price of AUD 0.03 per share for a total gross proceeds of AUD 9,000,000 in a round of funding on August 6, 2021. The transaction was oversubscribed. The transaction included participation from new and existing investors shareholders locally and overseas, including several new high net worth investors. Announcement • Jul 22
Brookside Energy Limited Provides an Update on the Completion of the High-Impact Jewell 13-12-1S-3W Sxh1 Well (Jewell Well) in Brookside's Swish Area of Interest (Aoi) in the World-Class Anadarko Basin Brookside Energy Limited provided an update on the completion of the high-impact Jewell 13-12-1S-3W SXH1 well (Jewell Well) in Brookside's SWISH Area of Interest (AOI) in the world-class Anadarko Basin. Brookside announced that Black Mesa Energy, LLC (Black Mesa) has executed a Master Services Agreement with Denver based Liberty Oilfield Services (Liberty). The contract is to supply and operate the equipment and personnel for the completion of the Jewell Well, under the supervision of the Black Mesa team. Completion equipment and personnel are expected to be mobilised to site by the end of July to kick-off completion operations, with production and sales to follow soon after. The Liberty crew is currently completing a job on a nearby well for a large successful, Tulsa based private E&P company prior to moving to the Jewell location. Liberty is a leading North American oilfield services company, a first mover in driving an ESG conscious approach to well completions with the largest low-emission fleet in the market. Every Liberty new build fleet since 2013 has been low emission. Additionally, in 2016 Liberty debuted the Quiet Fleet, with sound reduction features that make the Quiet Fleet three times quieter than a traditional completions fleet. In December 2020, Liberty acquired the completions business of Houston-based oilfield giant Schlumberger Ltd. (Schlumberger) in an all-stock merger valued at USD 448 million with Schlumberger becoming 37% owner of Liberty. The deal made Liberty the second-largest North American oil fields services business. Announcement • Jun 17
Brookside Energy Provides Updates on Jewell Well Production Brookside Energy provide shareholders and investors with an operations update on the drilling of the high-impact Jewell 13-12-1S-3W SXH1 well (Jewell Well) located in Brookside's SWISH Area of Interest (AOI) in the world-class Anadarko Basin. Highlights: Operations continue to proceed on schedule, safely and without incident. Jewell Well is now drilled with production casing installed and the well has been prepared for the commencement of completion operations. . Latshaw Drilling Rig 14 has been demobilsed and is currently stacked on the Jewell Well location in Carter County. Works have commenced to construct and install surface production facilities and to connect the well to a nearby gas sales line. Works have commenced on the surface production facilities, including the tank battery, oil and gas separators and gas lines to a nearby sales line. The production facilities include a 48" x 10' horizontal three phase heated separator, a 6' x 20' vertical heater treater and a 30'' x 10' vertical separator. Tankage will consist of six, 400-barrel storage tanks. The tankage and process vessels will be situated in a steel containment dike in accordance with environmental regulations. Works have also commenced on the construction of a ~2,700-foot, 6-inch gas line from the Jewell Well to a tie-in point on a nearby gas sales line. Announcement • Jun 02
Brookside Energy Limited Provides Update on Jewell Well Operations Brookside Energy Limited provide shareholders and investors with an operations update on the drilling of the high-impact Jewell 13-12-1S-3W SXH1 well (Jewell Well) located in Brookside's SWISH Area of Interest in the world-class Anadarko Basin. Drilling ahead in the Sycamore formation. Extensive oil and gas shows continue to be observed in mud logging of the Sycamore formation as drilling continues in the horizontal section. These hydrocarbon shows are consistent with expectations and analogous to what has been reported in offsetting wells. Drilling operations are proceeding on schedule, safely and without incident. Future wells in the Jewell DSU will also target the Woodford formation, which just like the Sycamore formation continues to deliver outstanding sustained productivity in nearby offsetting wells. The Continental Resources Inc. operated Courbet 1-27-22XHW well has produced ~430,000 BOE in approximately 14-months. Announcement • May 29
Brookside Energy Limited Provides Jewell Well Operations Report Brookside Energy Limited provide shareholders and investors with an operations update on the drilling of the high-impact Jewell 13-12-1S-3W SXH1 well (Jewell Well) located in Brookside's SWISH Area of Interest (AOI) in the world-class Anadarko Basin. Drilling ahead in the Sycamore formation. Extensive oil and gas shows have been observed in mud logging of the Sycamore formation as drilling continues in the horizontal section. These hydrocarbon shows are consistent with expectations and analogous to what has been reported in offsetting wells. As at 7:30 am 26 May 2021 CDT, the wellbore had been drilled to a measured depth of 10,600 feet. Drilling operations are proceeding on schedule, safely and without incident. Continue operations to drill the horizontal section of the wellbore. Announcement • May 25
Brookside Energy Limited Provides Jewell Well Operations Report Brookside Energy Limited provided shareholders and investors with an operations update on the drilling of the high-impact Jewell 13-12-1S-3W SXH1 well (Jewell Well) located in Brookside's SWISH Area of Interest (AOI) in the world-class Anadarko Basin. During the last 36-hours, the liner was successfully set and cemented at the designed depth and the Jewell Well curve was landed at a measured depth of 8,015 feet in the target formation (Sycamore). As at ~7:30 am 23 May 2021 CDT, the horizonal portion of the wellbore is being drilled at a depth of ~8,715 feet. Drilling operations are proceeding on schedule, safely and without incident. Reported Earnings • Mar 30
Full year 2020 earnings released: AU$0.002 loss per share (vs AU$0.001 profit in FY 2019) Full year 2020 results: Net loss: AU$2.44m (down 366% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.