SWISH Step Change Growth Inflection Point :- a decisive moment in the course of some entity, event or situation that marks the start of significant change. Annual General Meeting 31 May 2018 brookside-energy.com.au
Acreage Revaluation Business Model 1 1,280-acre Drilling Unit Brookside leases all or a portion of the undeveloped acreage in a Drilling Unit 2 Drilling Joint Venture or Drill Co. funds 100% of the cost of this initial or…
Case Study - Strategic Divestment Validates Business Model Strategic sale in the first full field development unit in the STACK Play Acreage acquired (undeveloped non-operated leasehold) in late 2016 at an average US2,500 per acre…
Black Mesa Production Deal Structure Traditional Oil Mans deal, Black Mesa Production, LLC commonly used Peer to Peer style Reservoir Engineering of investment provides alignment Exxon, Crystal Oil, Medallion Production and with…
Anadarko Basin World Class Plays with stacked Reservoirs Basin Stratigraphy brookside-energy.com.au 9
STACK & SCOOP Plays Single Well Breakeven Prices Note: Assumes 10% IRR, based on flat oil price of US50/Bbl and gas price of US3/Mcf Source: NYSE:NFX Investor Presentation, analysts reports brookside-energy.com.au 10
SWISH Step Change Growth Opportunity Black Mesa has identified an exciting (low risk) opportunity in southern SCOOP (SWISH) Target reservoirs (Woodforde Shale and Sycamore Limestone) are already being successfully exploited by other…
Identifying Sweet Spots Along The Basin Margin brookside-energy.com.au 12
Woodford Shale & Sycamore Lime Type Section Woodford Shale Target Thickness ranges from 340 to 500 Good Resistivity & Porosity throughout the reservoir Organic rich, oil and gas prone source rock for entire Anadarko Basin Sycamore…
Land and Leasing Activity Large land positions north of SWISH are already leased and locked up by large independents or private equity backed companies Oklahoma Oil & Gas Leases Last 60 days Brookside brookside-energy.com.au 14
Initial SWISH Operated Sycamore Well Low risk infill drilling opportunity in SWISH 430 acres of un-drained reservoir, or 5.4MMboe (23 Bcf and 1.6 Mmbo) of recoverable oil and gas Potentially six locations in this one unit, two…
Funded and Positioned for Step Change Growth Core World-Class Anadarko Basin holding secured with visibility to expansion up to 10,000-acres 11 wells currently producing with a further 16 wells at various stages of development…
ASX:BRK Suite 9, 330 Churchill Avenue Subiaco WA 6008 p: +61 8 6489 1600 w: brookside-energy.com.au 17
Appendix Brookside Energy Ltd. Corporate Structure ASX:BRK Brookside Energy Limited 100% 15% 100% BRK Oklahoma Holdings, LLC Black Mesa Production, LLC Anadarko Leasing, LLC Leasehold and Producing Partner & Manager of US…
Appendix BOK E-Spectrum Advisors brookside-energy.com.au 19
Appendix Glossary & Notes GLOSSARY BOE Barrels of Oil Equivalent Bbl Barrel of Oil Mbbl or Mboe Thousand Barrels of oil or Oil Equivalent EUR Estimated Ultimate Recovery PDP Proved Developing Producing Reserves PUD Proved Undeveloped…