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Brookside Energy Limited (ASX:BRK)

ALERT: Price-sensitive ASX Announcement for BRK
Current share price for BRK : $0.365 -0.22 (-37.61%)+
Announcement
Release
30 Apr 2026 8:07AM
Price at Release
$0.585
Full Release
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Summary
Brookside Energy Limited's Quarterly Activities and Cashflow Report for March 2026 highlights the company's strong operational performance and financial position. The company achieved significant contributions from its SWISH Play portfolio, notably from the Bruins Well, and reported a year-end 2025 reserves total of 12.52 MMBOE. Financial activities included plans for a NYSE American ADS listing and a share buy-back program, reinforcing their strategic positioning. The company continues to expand in the Anadarko Basin and secured agreements for the Suttles two-well pad, all while maintaining strong cash flows and a robust development program.
Key Points
  • Brookside Energy Limited entered Q1 2026 with strong operational foundations across its SWISH Play portfolio.
  • Nine operated wells performed as expected, contributing significantly to group net production.
  • The Bruins Well, operational since Q2 2025, was a notable contributor.
  • The company reported a reserves update with a year-end 2025 total of 12.52 MMBOE in 2P reserves.
  • Finance activities included a planned NYSE American ADS listing and share buy-back initiatives.
  • Brookside managed to secure contracts for the Suttles two-well pad development.
  • Financial highlights included an opening cash balance of A$11.82 million, with cash at the end of the quarter at A$14.535 million.
  • Proceeds from operations amounted to A$10.252 million for the quarter, with a strong focus on maintaining a 90-day spud-to-sales cycle.
  • The company is expanding its footprint in the Anadarko Basin with new leasing and pooling initiatives.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.