• Proved Developed Producing (PDP) Net Reserves increased by 50.1% to 2.65 million barrels of oil equivalent (BOE)
• Total Proved (1P) Net Reserves increased by 21.8% to 4.98 million BOE
• Total Proved plus Probable (2P) Net Reserves increased by 6.8% to 12.35 million BOE

Brookside Energy Ltd (ASX: BRK) has provided its year-end 2024 (FY2024) reserve update, as independently assessed by Haas & Cobb Petroleum Consultants. The highlights include:- Proved Developed Producing (PDP) Net Reserves increased by 50.1% to 2.65 million barrels of oil equivalent (BOE), highlighting a material uplift in revenue-generating assets.- Total Proved (1P) Net Reserves increased by 21.8% to 4.98 million BOE, enhancing the Company's near-term production profile.- Total Proved plus Probable (2P) Net Reserves increased by 6.8% to 12.35 million BOE, further strengthening the long-term reserve base.- A total of 1.41 million Net BOE were added to PDP reserves, replacing more than double the FY2024 production of 525,456 BOE, effectively building production momentum into the next period.- Reserves replacement significantly outpaced production, with 268% of 2024 production replaced on a PDP basis, 170% on a 1P basis, and 150% on a 2P basis, demonstrating consistent organic growth.- The additional PDP reserves were added at a finding and development (F&D) cost of ~US$16.40 per BOE, reflecting a disciplined and efficient capital program.

The base oil and gas prices calculated for FY2024 and used in this report were $75.48 per barrel and $2.13 per MMBTU, respectively.