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Brookside Energy ( (AU:BRK) ) has provided an announcement.
Brookside Energy Ltd. announced a significant increase in its reserves, with Proved Developed Producing (PDP) Net Reserves rising by 50.1% to 2.65 million barrels of oil equivalent (BOE). This growth reflects a substantial uplift in revenue-generating assets and indicates a strong production momentum going forward. The Total Proved (1P) Net Reserves increased by 21.8% to 4.98 million BOE, and the Total Proved plus Probable (2P) Net Reserves rose by 6.8% to 12.35 million BOE, demonstrating consistent organic growth. The company’s disciplined capital program achieved these results at a finding and development cost of approximately US$16.40 per BOE, underscoring its efficient operations.
More about Brookside Energy
Brookside Energy Ltd. operates in the energy sector, focusing on the exploration and production of oil and gas. The company is engaged in developing its reserves and enhancing its production profile to strengthen its market position.
YTD Price Performance: -26.44%
Average Trading Volume: 1,224
Technical Sentiment Signal: Strong Buy
Current Market Cap: $23.54M
See more insights into BRK stock on TipRanks’ Stock Analysis page.