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Brookside Energy Limited (ASX:BRK)

ALERT: Price-sensitive ASX Announcement for BRK
Current share price for BRK : $0.400 0.02 (5.26%)+
Announcement
Release
24 Sep 2025 8:29AM
Price at Release
$0.380
Full Release
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Summary
Brookside Energy Limited has announced a new Area of Interest in the Anadarko Basin, named Riverbend, targeting Devonian, Mississippian, and Pennsylvanian age reservoirs. The project involves securing four 1,280-acre drilling spacing units and focuses on achieving a strong rate of return. The Riverbend AOI aims to leverage its location's historical production success to enhance reserves growth and profitability, with an emphasis on liquids-rich production. Brookside plans a phased development approach, emphasizing its strategic growth in the basin.
Key Points
  • Brookside Energy Limited has identified a new Area of Interest (AOI) in the Anadarko Basin called Riverbend.
  • The Riverbend AOI targets Devonian, Mississippian, and Pennsylvanian age reservoirs.
  • Brookside Energy intends to secure up to four 1,280-acre drilling spacing units in Riverbend to support future development.
  • The project aims for a rate of return of up to 76% using base-case costs and current strip pricing.
  • The Riverbend AOI is projected to have a liquids-rich production with approximately 82% as liquids, strengthening overall project economics.
  • Brookside Energy plans to advance Riverbend through a staged program including leasing, securing regulatory approvals, and drilling reserve-definition wells.
  • The AOI is located in an area with historically successful production, enhancing the project’s potential for reserves growth.
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.