Brookside Energy ( (AU:BRK) ) has issued an update.
Brookside Energy Limited reported a successful FY2024, characterized by record production growth and strong financial performance. The company achieved significant milestones with the completion of the Flames Maroons Development Plan and the initiation of the Gapstow Full Field Development, which expanded its production base and reserves. Brookside’s financial results were robust, with sales revenue of A$46.9 million and EBITDA of A$18.5 million, supported by high-margin production. The company increased its 2P Net Reserves to 12.35 MMBOE and plans to focus on inventory growth and targeted drilling in FY2025, aiming for a 20% increase in annual net production.
More about Brookside Energy
Brookside Energy Limited operates in the energy sector, focusing on oil and gas exploration and production. The company is involved in developing and managing energy projects, with a market focus on increasing production and reserves through strategic drilling and development activities.
YTD Price Performance: -26.44%
Average Trading Volume: 1,224
Technical Sentiment Signal: Strong Buy
Current Market Cap: $23.85M
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