Past year: ▲ 0%(38.0c – 60.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
8 May 2025drilling progress report● Neutral
Completion crews and equipment have mobilised to the Bruins well, with 24-hour fracture stimulation of the Woodford due to start the following week. First production and sales remain on track for the June quarter, as previously guided. No results yet.
7 May 2025investor presentation● Neutral
Notice of a free webinar on 9 May 2025 where the Managing Director will discuss first quarter 2025 results. Administrative invitation with no new results.
24 Apr 2025drilling progress report● Neutral
Bruins production facilities are under construction on schedule. Completion by Cudd Energy Services is due to begin mid-May, with first production and sales expected this quarter. No new well results.
15 Apr 2025well test result▲ GoodMajor
The Continental-operated Gapstow wells produced nearly 1.65m BOE gross in their first three months (~27,500 BOE net to Brookside), with average IP90 of 1,792 BOE per well (10,000ft normalised, 73% liquids). Confirms the strong early rates reported when production began; Brookside holds eight wells.
2 Apr 2025drilling result▲ Good
Bruins well reached planned total depth of about 16,718 feet in the Woodford Shale, with production casing cemented in 30 days, ahead of schedule. Oil and gas shows matched pre-drill expectations; no flow rates yet. Rig being released and surface facilities come next.
31 Mar 2025other● Neutral
Corporate governance statement and Appendix 4G lodged with the annual report, current at 31 March 2025 and board-approved. Administrative compliance filing with no new business information.
31 Mar 2025annual report▲ Good
FY2024 annual report: sales revenue A$46.9m, EBITDA A$18.5m, production 525,456 BOE, year-end cash and receivables A$19.8m. Restates known points: FMDP delivered under budget, 2P 12.35 MMBOE, US$25m facility, three-well 2025 plan. No new events in the readable text.
27 Mar 2025resource reserve update▲ GoodMajor
Year-end 2024 reserves (Haas & Cobb, 1 Jan 2025): proved developed producing up 50.1% to 2.65m BOE, 1P up 21.8% to 4.98m BOE, 2P up 6.8% to 12.35m BOE. Lifts 2P from 11.6m BOE; PDP additions replaced 268% of 2024 production at ~US$16.40/BOE.
12 Mar 2025drilling progress report▲ Good
At the Bruins well, intermediate casing was cemented and the curve landed in the Woodford Shale at about 7,400 feet, so the well is now drilling its horizontal section. Progress on the ninth SWISH well spudded 25 Feb; no production or results yet.
25 Feb 2025drilling spud▲ GoodMajor
The Bruins 2-11-1S-3W WXH1 well was spudded, the ninth Brookside well in the SWISH Play and the first since the four-well FMDP. Kenai Rig 19 is drilling surface casing. Delivers the first of three planned 2025 wells; no results yet.
6 Feb 2025investor presentation● Neutral
Notice of a free investor webinar on 13 February 2025 where the Managing Director will discuss fourth quarter 2024 results. Administrative invitation with no new information.
6 Feb 2025drilling scheduled▲ Good
Preparations began for the Bruins well, the first of three 2025 wells, with spud expected before end of February. Working interest expected to rise to ~70% subject to filings; gross cost ~US$11.0m. Targets the Woodford, forecast over 1 million BOE over life. Kenai Drilling contracted.
18 Dec 2024investor presentation● NeutralMajor
2025 plan shifts to inventory growth and three new 10,000-foot wells instead of moving directly to full field development, citing softer oil prices. Net capex US$18.3m, EBITDA US$18.0m at US$75 WTI, funded from cash flow. Changes the earlier 16-well SWISH FFD plan starting early 2025.
5 Dec 2024flow test result▲ GoodMajor
The four FMDP wells posted combined gross IP24 of 4,330 BOE/d and IP30 of 3,761 BOE/d, about 80% liquids, comparable to the parent Flames well. About 260,000 BOE gross produced in flowback; wells now in steady-state production. Delivers the IP rates promised earlier.
28 Nov 2024asset acquisition disposition▲ Good
Average working interest in the four FMDP wells rose to about 70% (from ~68%), mainly a gain of more than 7% in the Rocket and Maroons Sycamore wells, after title review. Per-well WI is 55.5% to 81.0%. Net production still expected to reach 2,500 BOE/d by year end.
14 Nov 2024investor presentation● Neutral
Noosa Mining Conference presentation repeating known points: 3Q2024 net production of 1,100 BOE/d, target of 2,500 BOE/d by year end, and the 6,300 BOE/d 2028 forecast. No new results visible in the readable text.
6 Nov 2024production update▲ GoodMajor
Gross operated production rose 178% from the September quarter average (~1,807 BOE/d) to over 5,000 BOE/d. The four FMDP wells hit a combined spot rate of 4,300 BOE/d and have produced over 164,000 BOE. Follows the 8 October early flowback figures (~80,000 BOE).
4 Nov 2024investor presentation● Neutral
Notice of a free investor webinar on 6 November 2024 where the Managing Director will discuss third quarter results and take questions. Administrative invitation with no new results or figures.
10 Oct 2024security holder rights change● NeutralMajor
Consolidation timetable confirmed after the 11 October holder vote (approval marked as received): 50-for-1, trading in new shares from 16 October on deferred settlement. Ordinary shares drop from 4,772,878,961 to 95,457,579; share rights from 27.3m to 546,364. Resolves the proposed consolidation.
8 Oct 2024flow test result▲ GoodMajor
The four FMDP wells produced about 80,000 BOE gross (87% liquids) in early flowback, earning roughly US$4.3m gross revenue, with combined output near 3,900 BOE/d and under 6% of frac fluid recovered. Brookside's average working interest is about 68%. Peak and IP rates still to come.
3 Oct 2024debt financing▲ GoodMajor
Brookside's US subsidiary secured a three-year, interest-only US$25m credit facility with UMB Bank, with an initial borrowing base of US$8.5m, currently undrawn. Hedging is required only above 50% utilisation. Follows earlier talk of a facility up to US$15m for SWISH development.
26 Sept 2024production update▲ GoodMajor
All four FMDP wells are producing and selling oil and gas, about seven months after Iginla spudded in February. Early rates are called 'very encouraging' but no figures are given; IP24, IP30 and IP90 rates are to follow. Resolves the first-sales target.
18 Sept 2024drilling progress report● Neutral
All frac plugs drilled out on the four FMDP wells; clean-up has begun and flowline and wellhead hookups are under way. A reportable incident during rig-down damaged contractor equipment, with no injuries. First sales still targeted late Q3/early Q4 2024.
13 Sept 2024half year report▲ Good
Half-year to 30 June 2024: oil and gas revenue A$15.4m, gross profit A$8.4m, adjusted NPAT A$7.1m, capex A$12m mostly FMDP, cash and receivables A$24.3m. Net production averaged 1,096 BOE/d; FMDP and Gapstow expected to lift output in Q4.
11 Sept 2024other● NeutralMajor
Brookside resolved to pursue an NYSE American listing via American Depositary Shares while keeping its ASX primary listing, and to consolidate shares 1-for-50, cutting about 4.77 billion shares to roughly 95.5 million, subject to shareholder vote. Builds on the December 2023 aim to attract US investors.
29 Aug 2024admin correction● Neutral
Amended re-release of the 28 August FMDP stimulation-complete announcement, adding disclosure the ASX Listing Rules require for the forecast production target and financial information. Content is otherwise unchanged: 92 Sanford stages done, first sales still targeted late Q3/early Q4 2024.
28 Aug 2024drilling progress report▲ Good
Stimulation of all four FMDP wells is complete (92 stages on the Sanford Pad wells), on budget and schedule. Plug drill-out has begun and flowback and first sales remain targeted for late Q3/early Q4 2024. No flow rates yet.
15 Aug 2024drilling progress report▲ Good
Rocket completion finished with all 46 stages placed, on budget and schedule. Completion has begun on the Sanford Pad wells (Iginla, Maroons, Fleury) using zipper fracs. First sales still targeted late Q3/early Q4 2024.
6 Aug 2024joint venture update▲ Good
Continental's Gapstow development, where Brookside holds 20.9% working interest in seven of nine wells, has its final well nearing total depth, with completions and tank battery work under way. Production is expected early Q4 2024, about 150 BOEPD net.
5 Aug 2024investor presentation● Neutral
Notice of an investor webinar on 7 August 2024 covering June quarter results, hosted by David Prentice. Administrative; no new information.
