Just the Facts: Brookside Energy sets 2025 focus on growth and targeted drilling

Proactive - Interviews for investors

Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from Brookside Energy Ltd (ASX: BRK, OTC:RDFEF). The company has revealed its strategic initiatives for 2025, focusing on inventory growth and a targeted drilling program within the Anadarko Basin in Oklahoma. This builds on a successful 2024, despite recent oil price volatility, to position the company for long-term value creation. The company is expanding its portfolio of low-cost, high-margin drilling locations in the SWISH play and Anadarko Basin. Key efforts include securing a fifth Drilling Spacing Unit (DSU) to extend drilling inventory beyond the current four-year plan. Brookside aims to leverage geological, geophysical and reservoir data to unlock additional value in underdeveloped areas. Brookside’s targeted drilling program includes three new 10,000-foot lateral horizontal wells. The first well is scheduled to spud in Q1 2025, with preparatory work underway, while the remaining two wells, targeting a new DSU, are planned for Q3. The company projects net production in 2025 to double from pre-FMDP levels, with a 30–40% increase over 2024. The capex budget is US$18.3 million, and EBITDA is forecast at US$18.0 million, assuming WTI crude oil at US$75 per barrel and natural gas at US$2.50 per Mcf. Brookside will present its updated five-year plan to investors via a webinar in early 2025. #ProactiveInvestors #BrooksideEnergy #ASX #SWISHPlay #AnadarkoBasin #DrillingProgram #OilAndGas #EnergyProduction #WTICrude #NaturalGas #EnergyInvestment #CAPEX #OilProduction #EnergyMarkets #SustainableGrowth #InvestorUpdate #ShareholderReturns #EnergyStrategy #TargetedDrilling #FMDP #USOil