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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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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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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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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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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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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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30 July 2024drilling progress report▲ Good

Completion work has started on Rocket (46 stages), then moves to the three-well Sanford Pad using zipper fracs. Company still targets first sales late Q3/early Q4 and 2,500 BOEPD net by Q4 2024. No flow results yet.

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20 June 2024drilling result▲ GoodMajor

Rocket, the fourth and final FMDP well, reached 17,955 feet and is cased; all four wells took 115 days versus 136 planned. Completions start late July/early August, with first sales late Q3/early Q4 and target of 2,500 BOEPD net by Q4 2024. No flow rates yet.

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5 June 2024drilling progress report● Neutral

Rocket continues drilling the lateral at about 13,178 feet. Construction of the Sanford Pad tank battery has begun off-site, with tanks due in coming weeks. Company says on budget and on time. No results yet.

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29 May 2024drilling progress report● Neutral

Rocket's intermediate section is cased, the curve is landed, and the lateral is drilling at about 9,205 feet. Company says on budget and on time. No results yet.

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22 May 2024drilling progress report● Neutral

Rocket, the final Flames-Maroons well, has surface casing cemented and is drilling the intermediate section at about 7,047 feet. Company says on budget and on time. No results yet.

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16 May 2024drilling result▲ Good

Fleury finished drilling at 13,115 feet and production casing is cemented. The company says the Woodford lateral crossed numerous fracture swarms with notable hydrocarbon shows. These are drilling indications, not flow results. The rig has moved to Flames Pad and spudded Rocket, the fourth and final well.

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9 May 2024drilling progress report● Neutral

Fleury's intermediate casing is cemented, the curve is landed and the lateral is drilling at about 12,975 feet. Company says on budget and on time. No results yet.

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8 May 2024farm in farm out agreement▲ GoodMajor

Brookside will join Continental Resources' Gapstow full field development next to its Bruins and Jewell units, in seven wells at 20.9% working interest for a net US$2.5m, already in the 2024 capex budget. The company expects about 150 BOE/d net (70% liquids) from the December quarter.

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2 May 2024drilling progress report● Neutral

Fleury's intermediate section is drilled to about 7,825 feet and casing is being run and cemented. It is the third of four Flames-Maroons wells. Company says on budget and on time; no results yet.

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24 Apr 2024drilling progress report● Neutral

Maroons is cased and the rig has moved to Fleury, the third of four wells and a Woodford target, drilling the intermediate section at about 2,250 feet. No results yet.

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