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Brookside Energy
(Sydney:BRK)
Brookside Energy (BRK) vs. iShares MSCI Australia ETF (EWA)
Brookside Energy Business Overview & Revenue Model
Brookside Energy Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 46.90M | 51.44M | 53.00M | 12.58M | 365.88K |
| Gross Profit | 22.11M | 29.33M | 25.98M | -1.83M | -688.00K |
| EBITDA | 18.61M | 27.59M | 22.29M | -1.00M | -1.66M |
| Net Income | 2.83M | 16.65M | 15.10M | -2.61M | -2.44M |
Balance Sheet | |||||
| Total Assets | 127.69M | 95.12M | 93.76M | 40.76M | 13.17M |
| Cash, Cash Equivalents and Short-Term Investments | 11.44M | 26.34M | 34.01M | 17.16M | 1.30M |
| Total Debt | 1.08M | 0.00 | 0.00 | 0.00 | 3.92M |
| Total Liabilities | 32.28M | 11.68M | 22.07M | 4.72M | 5.62M |
| Stockholders Equity | 95.41M | 83.43M | 71.69M | 36.04M | 7.55M |
Cash Flow | |||||
| Free Cash Flow | 21.03M | 17.95M | 25.68M | 6.48M | -1.01M |
| Operating Cash Flow | 21.05M | 18.95M | 33.62M | 6.70M | -1.01M |
| Investing Cash Flow | -36.84M | -23.26M | -31.75M | -8.54M | -793.02K |
| Financing Cash Flow | -150.31K | -3.12M | 14.49M | 17.61M | 2.12M |
Brookside Energy Technical Analysis
Brookside Energy Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | €24.36B | 15.06 | 15.38% | 6.29% | 5.38% | 18.55% | |
62 Neutral | $37.83M | 13.39 | 3.21% | ― | -8.82% | -82.65% | |
| €21.40M | 60.00 | 183.35% | ― | ― | ― | ||
| $24.68M | ― | -5.28% | ― | ― | ― | ||
| $22.33M | 0.53 | 177.52% | 20.72% | ― | ― | ||
54 Neutral | AU$25.77M | ― | -10.18% | ― | 474.71% | 40.74% | |
41 Neutral | AU$38.35M | ― | -22.66% | ― | ― | -167.31% |
Brookside Energy Corporate Events
Brookside Energy Limited has announced the ongoing construction of production facilities for the Bruins Well in the SWISH Play, Anadarko Basin, Oklahoma, with first production and sales expected this quarter. The Bruins Well, part of Brookside’s 2025 strategy, aims to enhance the company’s production base and cash flow, with completion operations scheduled for mid-May, contributing to the company’s operational and financial objectives.
Brookside Energy announced strong production results from its Gapstow Wells in Oklahoma, operated by Continental Resources. The wells, part of a broader initiative to co-develop the Woodford Shale and Sycamore Lime reservoirs, have shown exceptional early performance, producing 1.65 million barrels of oil equivalent in the first three months. This success enhances Brookside’s revenue and strengthens its financial position, validating its strategic focus on high-quality, non-operated projects in the SWISH Play.
Brookside Energy Limited announced a correction regarding the contact details provided in its Notice of Annual General Meeting. The company clarified the correct phone number for inquiries related to the meeting, ensuring stakeholders have accurate information for communication. This update aims to facilitate proper engagement with shareholders and maintain transparency in its operations.
Brookside Energy Ltd. has announced its Annual General Meeting (AGM) for shareholders, scheduled for May 29, 2025, in Perth, Western Australia. Shareholders have the option to vote in person, by proxy, or through an authorized representative. This meeting is a crucial event for stakeholders to engage with the company’s strategic decisions and future direction.
Brookside Energy Limited has announced its Annual General Meeting scheduled for May 29, 2025, at Nexia Perth. Shareholders are encouraged to participate either in person or by proxy, with voting details and procedures outlined in accordance with the Corporations Act 2001. The meeting is crucial as it impacts shareholder interests and company resolutions, with the Chair intending to vote all undirected proxies in favor of all resolutions.
Brookside Energy Limited has announced a change in the director’s interest, with Christopher John Robertson acquiring 30,860 fully paid ordinary shares through an on-market acquisition. This change reflects an increase in Robertson’s indirect interest in the company, potentially signaling confidence in the company’s future prospects and stability, which may be of interest to stakeholders and investors.
Brookside Energy has reached a significant milestone in its Bruins Well operations in the Anadarko Basin, Oklahoma, by completing drilling ahead of schedule and successfully installing production casing. This achievement highlights the company’s operational efficiency and cost control, enhancing shareholder value. The next phase involves constructing surface production facilities to prepare for completion operations, which will lead to production and cash flow generation. This development is a crucial step in unlocking the full potential of the Bruins Drilling Spacing Unit, positioning Brookside Energy for optimal production outcomes.
Brookside Energy Limited has released its Corporate Governance Statement for the financial year ending December 31, 2024, which is now available on their website. The statement, approved by the board, outlines the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, demonstrating its commitment to transparency and accountability in its operations. This disclosure is crucial for stakeholders as it provides insights into the company’s governance practices and compliance with industry standards.
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.
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.
Brookside Energy Limited has successfully advanced its drilling operations at the Bruins Well in the Anadarko Basin, Oklahoma, marking significant progress in its strategic focus on the SWISH Area of Interest. The company has completed critical milestones, including the installation of the intermediate casing and precise landing of the well bore curve in the Woodford Shale, transitioning to horizontal drilling to optimize production. This development aligns with Brookside’s strategy to enhance production and expand its inventory of drilling locations, reinforcing its long-term resilience and growth in the oil and gas sector.
Brookside Energy Limited has successfully commenced drilling its ninth well, the Bruins 2-11-1S-3W WXH1, in the SWISH Play area of the Anadarko Basin, Oklahoma. This development follows the completion of its four-well FMDP program and signifies continued operational progress despite challenging weather conditions. The company has undertaken key preparatory steps and is currently testing equipment, with further drilling operations planned. The successful spudding of this well is expected to enhance Brookside’s operational capabilities and strengthen its position in the energy sector.
Brookside Energy Ltd. announced the issuance of 320,000 fully paid ordinary shares, stemming from the exercise of employee share rights and corporate advisory services. This move is in compliance with the Corporations Act 2001, allowing for the on-sale of these shares under specific exemptions. The issuance aims to enhance the company’s financial structuring and stakeholder engagement without affecting its compliance with regulatory disclosure requirements.
Brookside Energy Limited has announced the issuance of 120,000 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) as of February 10, 2025. This issuance is part of a consideration for corporate advisory services provided by Cumulus Wealth, potentially enhancing Brookside Energy’s financial positioning and operational capacity within the energy sector.
Brookside Energy Limited has announced the issuance of 200,000 ordinary fully paid securities, which will be quoted on the Australian Securities Exchange (ASX) starting from February 10, 2025. This move is part of an employee incentive scheme, indicating Brookside’s commitment to aligning its workforce with its growth objectives and enhancing its operational capabilities.
Brookside Energy Limited has announced an investor webinar scheduled for February 13, 2025, to present its fourth quarter 2024 results. The webinar, led by Managing Director David Prentice, will provide insights into the company’s performance and allow investors to engage directly with management, enhancing transparency and communication with stakeholders.
Brookside Energy has commenced preparations for drilling a new 10,000-foot lateral well, named Bruins Well, in the SWISH Play of the Anadarko Basin, Oklahoma. This initiative is part of the company’s 2025 drilling program, aiming to expand its operations and increase its working interest to around 70%. The well targets the Woodford Shale formation with an expected gross capital expenditure of approximately $11.0 million and a production forecast of over 1 million barrels of oil equivalent. The move underscores Brookside’s strategic focus on high-impact, low-risk drilling opportunities and its commitment to creating value for stakeholders.