Past year: ▲ 0%(38.0c – 60.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
23 July 2025well test result▲ GoodMajor
Bruins early results: about 36,900 BOE produced (71% liquids), peak 24-hour rate ~1,040 BOE/d and 30-day rate ~750 BOE/d. Company estimates ~1.1m BOE gross reserves, ~67% return and ~3.75-year payout at ~79% working interest (above the ~70% expected earlier).
7 July 2025investor presentation● Neutral
July investor deck restating known points: 1Q2025 net production 1,920 BOE/d, 12.4 MMBOE 2P, five operated units, 19 undrilled locations, an undrawn US$25m facility, and no debt. It flags a new buy-back of up to 5% and NYSE American listing, both slated for the second half of 2025.
24 June 2025asset acquisition disposition▲ GoodMajor
Brookside added a fifth SWISH drilling unit, 960 acres next to its Jewell and Bruins units, lifting its drilling inventory by about 26%. This is the fifth unit it was pursuing. Initial plan is two ~8,000ft wells (Sycamore and Woodford) once the unit is approved; no timing or cost given.
17 June 2025regulatory community update● Neutral
Brookside says industry activity points to two possible new zones in its SWISH acreage, the Simpson Group sands and Caney Shale, with Continental Resources active. It is only monitoring them; no drilling or spending by Brookside is announced.
5 June 2025production update▲ GoodMajor
First oil and gas sales were established from the Bruins well, 14 weeks after its 25 February spud, on budget and on schedule. It is the ninth operated SWISH well and the first of the 2025 program. Initial rates will be reported once stabilised.
29 May 2025investor presentation● Neutral
AGM presentation restating known facts: FY2024 production 525,456 BOE, 2P 12.35 MMBOE, A$12.7m cash against a A$35.4m market cap (A$0.37 share price, 96.0m shares at 20 May). Cites Bruins and the NYSE listing as near-term catalysts; no new results.
27 May 2025drilling progress report▲ Good
Stimulation of the Bruins well finished safely, on time and within budget, with all 42 stages completed to design. Plugs are drilled out and tubing installed; flow-back and testing come next, with first sales still targeted for the June quarter. No flow rates yet.
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.
30 Apr 2025quarterly activities report● Neutral
March quarter: net production 1,920 BOE/d (down from record 2,459), receipts A$18.1m, operating cash flow A$4.55m, cash A$12.7m (from A$11.3m). Gapstow revenue not yet received, due in the June quarter. Company cites moderating oil prices and capital discipline.
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.
11 Apr 2025agm notice● Neutral
Letter notifying shareholders that the Annual General Meeting is at 9:00am WST on 29 May 2025 in Perth, with proxies due 27 May. Administrative notice; resolutions are not described in this letter.
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.
31 Jan 2025quarterly activities report▲ Good
December quarter: record net production of 2,459 BOE/d, receipts A$21.1m, operating cash flow A$12.2m, capex A$19.0m. Cash ended at A$11.3m (from A$13.7m). FMDP cost about A$36m net, ~15% under budget; Gapstow wells began production. Meets the 2,500 BOE/d target roughly.
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.
31 Oct 2024quarterly activities report● Neutral
September quarter: receipts A$5.5m, operating cash flow A$1.6m, net production 1,073 BOE/d (65% liquids) despite shut-ins of Flames (90 days) and Jewell. Cash fell to A$13.7m after A$13.0m mostly FMDP capex; FMDP wells on production, targeting about 2,500 BOE/d net in Q4.
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.
