Brookside Energy Limited ACN 108 787 720 Horizontal Drilling STACK Play, Anadarko Basin, Oklahoma Investor Presentation March 2018
Corporate & Capital Structure Brookside Energy Limited ASX:BRK Michael Fry (Chairman) Share Price Range A0.008 A0.021 David Prentice (Managing Director) Market Capitalization A15m Loren King (NED & Co. Sec.) FPOs 790,000,000…
Brookside Investment Highlights United States (Oklahoma) focused ASX listed E&P company acquiring acreage in the world-class resource Per Acre Valuation Model plays of the Anadarko Basin 100,000 Pursuing a buy-low and sell-high…
Black Mesa Deal Structure Traditional Oil Mans deal, commonly used Peer to Peer Black Mesa Production, LLC style of investment provides alignment with Brookside Reservoir Engineering shareholders Bill Warnock 43yrs Exxon, Crystal…
Anadarko Basin Specialists Brookside Energy; acquiring acreage at wholesale rates in the core of world class resource plays; Developing the acreage (development funded off-balance sheet); to ultimately have the acreage…
Anadarko Basin World Class Plays with stacked Reservoirs Basin Stratigraphy 7
STACK & SCOOP Plays Single Well Breakeven Prices ,-1*2344'5*467899:;4*
SWISH - Step Change Growth Opportunity Black Mesa has identified an exciting (low risk) opportunity in southern SCOOP SWISH Sycamore and Woodford Shale in the South Half of SCOOP Target reservoirs (Woodford Shale and Sycamore)…
Focusing in on the Sweet Spots 10
Woodford Shale and Sycamore 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…
SWISH - Woodford Shale Initial Woodford Shale development started in late 2013 and continued through mid-2015 until capital budgets where cut due to the price downturn Operators are returning to the area and are using new…
New Completions - Woodford Shale Operators are pumping larger completions to stimulate more rock volume and increase EURs per well Woodford Shale has shown a stronger correlation to fluid pumped than increased proppant…
New Completions - Woodford Shale Continental has recently drilled and completed a GEN2 completion design Woodford Shale in SWISH area increased well in the SWISH 6-month cum by 52% area Modern completion design with increased…
Woodford Shale Reservoir Properties Depth: 7,500 to 9,500 Temp: 140o to 160oF L)M)NM--
Woodford Shale Reservoir Properties Woodford Shale thickness in AOI averages over 300 feet and calculates sufficient volumes of oil OGIP: 84 BCF and gas in place to OOIP: 8,400 Mbo support the drilling of multiple wells per…
Woodford Shale Increased Denisity Operators are testing up to 10 total Woodford Shale wells in a single unit in many of the plays These examples of increased densities are located in SCOOP, just north of SWISH 17
Increased Density Pilot Woodford Shale Newfield Exploration has recently permitted and Newfield currently drilling eight infill Woodford Shale wells started drilling an increased density pilot adjacent to our AOI 18
Leasing and Land Position Large land positions north of SWISH are already leased and locked up by large independents or private equity backed companies 012% SWISH ()**+,-./% 21
Leasing and Horizontal OCC Activity Large increase in oil and gas leasing activity Oklahoma Oil & Gas Leases Last 60 days over the last 12-months Moving from southern SCOOP into the SWISH AOI Oklahoma Corporation Commission…
Sycamore Target Black Mesa has identified an exciting low risk opportunity in SWISH Utilizing modern completion technology to exploit an already proven conventional reservoir Sycamore reservoir in the SWISH area has gone…
Sycamore Target Sycamore has gone through three periods of exploitation since the 1970s Initial phase of vertical development Infill phase of vertical development Open-hole horizontals on flanks of anticline, no stimulation…
Horizontal Sycamore Normalized EURs 25
Sycamore Initial Well Low risk infill drilling opportunity in SWISH Drilling horizontal Sycamore wells between or adjacent to existing vertical Sycamore wells Existing vertical wells are either plugged, shut-in or producing…
Sycamore Initial Well 430 acres of un-drained reservoir, or 3.8MMboe (23 Bcf and 1.6 Mmbo) of recoverable oil and gas Potentially six locations in this one unit, two Sycamore and four Woodford Shale Several more…
Summary Core World-Class Anadarko Basin holding (2,100 acres to- date) secured and further low risk growth opportunities identified 10 wells currently producing with a further 17 wells at various stages of development…
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