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Brookside Energy Limited

ASX:BRKOASX:BRK
A$0.003Latest close held · delayed

Past year: ▲ 0%(38.0c – 60.0c AUD)

Market cap
—
Shares on issue
0
In-ground value
A$818m
Risked multiple
under review
Story beats
224 since 2006
Last event
3 Sept 2026

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

3 Sept 2026drilling result▲ GoodMajor

Whalers reached planned depth with casing cemented and Rig 18 released, completing drilling of both Suttles wells with full planned laterals in target formations. Zipper-frac completion is next, then sales. No flow rates or costs reported yet.

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2 Sept 2026asset acquisition disposition▲ GoodMajor

Completed purchase of Lone Star's US oil and gas interests, a Stonehorse subsidiary, for US$1.114m (~US$9,100 per flowing BOE/d). Adds ~123 BOE/d, about 9% of Q2 production, with no new shares issued. Stonehorse is Brookside's Orion partner.

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19 Aug 2026drilling progress report▲ Good

Whalers intermediate casing is cemented and the curve landed in the targeted Woodford bench. It is drilling ahead in the lateral. Simultaneous fracture stimulation of both wells follows once production casing is in.

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5 Aug 2026drilling progress report▲ Good

Sabres reached its planned ~14,200 feet total depth with 5½-inch casing cemented and tested. Whalers has been spudded. Both wells will be fracture-stimulated together once Whalers is drilled. No flow results yet.

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31 July 2026quarterly activities report● Neutral

June quarter: net production 1,404 BOE/d (1,495 prior), no new wells online. Realised price rose 38% to US$42.69/BOE; cash steady at A$14.52m with operating cash flow A$0.93m. Suttles AFE ~US$18.5m gross, fully funded; US$25m facility undrawn.

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22 July 2026drilling progress report▲ Good

Sabres intermediate casing set and pressure tested, curve landed in the Sycamore, and the lateral is being drilled at about 9,800 feet measured depth. Proceeding to plan; Whalers follows. No production result yet.

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8 July 2026drilling spud▲ GoodMajor

Sabres spudded 7 July 2026 as the first of two Suttles wells, targeting the Sycamore at about 7,700 feet with a ~1.5-mile lateral. Brookside holds ~70% working interest. Whalers follows. This ends the wait for Rig 18 and the earlier May start.

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24 June 2026drilling progress report● Neutral

Production facilities at the Suttles pad are substantially complete for Sabres and Whalers. Rig 18 is nearing release from its current job; power and gas pipeline work is under way. No spud date given, so the May start has slipped.

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29 May 2026agm notice▲ Good

At the 29 May AGM the Remuneration Report passed with 71.16% in favour, but the 28.84% against was a second strike, so the conditional spill resolution was put and failed with 79.78% against. Fry was re-elected (77.97%), Weatherl elected (86.91%), and takeover provisions renewed (92.41%).

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29 May 2026investor presentation● Neutral

2026 AGM presentation restating known points: FY2025 sales revenue A$53.8m, 661,964 BOE net production, 12.52 MMBOE 2P, A$14.54m cash at Q1 2026. NYSE American ADR listing still 'targeted for 1H2026'. No new information visible in the readable text.

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21 May 2026drilling progress report● Neutral

At the Suttles pad, the 20-inch conductor is set for Sabres and Whalers, the pad is complete and key vendors are contracted. Surface facilities are being built. The pad awaits Rig 18; no spud date is given, so the earlier May start is not confirmed.

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13 May 2026regulatory community update▲ Good

Riverbend update: more than 40% of the initial leasehold objective is now secured, with title and regulatory planning continuing. Still in the land and planning phase; no drilling timing given, and reserve-definition drilling depends on acreage, approvals and capital.

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30 Apr 2026quarterly activities report● Neutral

March quarter: net production fell to 1,495 BOE/d (1,701 prior), with no new wells online. Cash rose to A$14.5m from A$11.8m on receipts of A$10.25m; buy-back spent A$187,000. The US$25m facility is undrawn. Suttles pad under way.

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24 Apr 2026remuneration report● Neutral

The Chair urges a vote for the Remuneration Report after a first strike at last year's AGM (47.44% against). A second strike would trigger a spill resolution. Proposed incentives would be 50:50 relative and absolute TSR. Also says the share price rose up to 54% in seven weeks to 21 April.

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23 Apr 2026agm notice● Neutral

Notice of the 2026 AGM, to be held 29 May 2026 in Melbourne, with proxies due 27 May. Administrative cover letter only.

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15 Apr 2026contract award▲ Good

Brookside signed a drilling contract with Kenai Drilling for Rig 18 to drill the Sabres and Whalers wells (about 1.5-mile laterals) on the Suttles pad. The rig moves over after finishing a job in the Ardmore Basin; earthworks are nearly done.

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31 Mar 2026annual report● Neutral

Appendix 4G and corporate governance statement for the year to 31 December 2025, current at 31 March 2026. Routine compliance filing with no new operational or financial information.

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31 Mar 2026annual report● Neutral

2025 annual report: sales revenue A$53.8m, EBITDA A$19.0m, cash A$11.9m, net production 661,964 BOE (1,814 BOE/d). A$20.1m was invested and 1,115,882 shares bought back. Largely confirms previously reported results; reports Bruins as ninth straight operated well success.

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26 Mar 2026investor presentation● Neutral

March deck restating known points: FY2025 net production 1,790 BOE/d, 12.5 MMBOE 2P, 19 PUDs, A$11.8m cash, undrawn US$25m facility. Quotes EV/2P of US$1.70/BOE (US$1.45 earlier). NYSE American ADR listing still targeted for 1H2026.

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26 Mar 2026drilling scheduled▲ GoodMajor

Site works have started at the next SWISH two-well pad (Sabres and Whalers, targeting Sycamore and Woodford), with drilling on track for May 2026. This is the first new drilling since Bruins and follows the Q4 2025 note of no new drilling.

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19 Mar 2026resource reserve update▲ GoodMajor

Year-end 2025 reserves certified by Haas & Cobb: 2P 12.52 MMBOE (12.35 prior), 1P 5.33 (4.98) and PDP 2.80 (2.65). Additions exceeded the 2025 production of ~662,000 BOE, so 2P is essentially flat.

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11 Feb 2026investor presentation● Neutral

February webinar deck restating known facts: FY2025 net production 1,790 BOE/d, 12.4 MMBOE 2P, A$11.8m cash, undrawn US$25m facility. The NYSE American ADR listing target has moved to 1H2026 from 2H2025.

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30 Jan 2026quarterly activities report● Neutral

December quarter: net production 1,701 BOE/d (1,828 prior), described as expected base decline, with no new drilling. Cash rose to A$11.8m from A$8.2m; operating cash flow A$4.1m. Buy-back now over 885,000 shares; Riverbend leasing continues.

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3 Dec 2025price query● Neutral

ASX queried a rise in the share price (A$0.46 to A$0.525) and heavy volume. Brookside said it knew of no undisclosed information, and attributed the trading to a commissioned East Coast Research report, based only on public information, released that morning.

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31 Oct 2025quarterly activities report● Neutral

September quarter: net production 1,828 BOE/d (1,847 prior), receipts A$13.9m, operating cash flow A$6.4m, cash A$8.2m. About 396,000 shares bought back at A$0.376 under the up-to-4.8m-share buy-back. Riverbend leasing continues; Weatherl appointed.

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3 Oct 2025investor presentation● Neutral

October investor deck restating known points: 2Q2025 net production ~1,850 BOE/d, 12.4 MMBOE 2P, 19 undrilled locations, A$8.3m cash and an undrawn US$25m facility. The NYSE American ADR listing is targeted for 2H2025. No new results.

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24 Sept 2025asset acquisition disposition▲ GoodMajor

Brookside adds a new Riverbend area of interest (~24 sq miles) in the Anadarko Basin and has begun leasing up to four 1,280-acre units. Company modelling shows up to ~76% return and ~630,000 BOE per well base case. These are company estimates; no drilling is planned yet.

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10 Sept 2025half year report▲ Good

Half-year to 30 June 2025: sales revenue nearly doubled to A$30m (A$15.4m in 1H2024), EBITDA A$13.6m, profit A$5.0m (up 53%). Cash was A$8.3m and net assets A$95.8m. Bruins is on production and the fifth drilling unit added, as previously reported.

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20 Aug 2025director officer appointment▲ Good

Chris Weatherl, a petroleum engineer with 25+ years' experience including Apache and, most recently, COO of Rimrock Resource Operating, joins as Non-Executive Director, effective immediately. The company links it to growth plans and the planned NYSE American ADR listing.

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30 July 2025quarterly activities report● Neutral

June quarter: net production 1,847 BOE/d (1,920 prior), receipts A$14.4m, operating cash flow A$6.5m. Cash fell to A$8.3m from A$12.7m after A$12.1m of investment, mainly Bruins. Gapstow revenue still to come; an up-to-4.8m-share (5%) buy-back was announced. Kevin FIU acreage swapped for Sabres/Whalers rights.

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