Quarterly Activities and Cashflow Report - June 2025
| Stock | Brookside Energy Ltd (BRK.ASX) |
|---|---|
| Release Time | 30 Jul 2025, 4:24 p.m. |
| Price Sensitive | Yes |
Quarterly Activities and Cashflow Report - June 2025
- Bruins well commences production, delivering strong early returns
- Gapstow wells continue to perform well, enhancing near-term cash flows
- Disciplined growth strategy adopted in response to lower oil prices
Brookside Energy continued to execute its focused, capital-disciplined strategy during the June 2025 quarter, with key operational progress across its operated and non-operated interests in the SWISH Area of Interest (AOI) in the southern SCOOP Play. A major milestone was the commencement of production from the Bruins well, Brookside's ninth operated well, which was drilled, completed, and tied-in within a 14-week period, reflecting the repeatability of the company's low-cost development model. Initial sales began in late May, with solid early performance underpinning the Company's free cash flow trajectory. Brookside also holds a non-operated working interest in eight of the Gapstow wells, operated by Continental Resources within the SWISH AOI. Early-time production performance has been encouraging and remains aligned with pre-drill expectations, reinforcing Brookside's confidence in reservoir quality and the broader development model across this section of the SWISH Play. While continuing to expand its drilling inventory and pursue future growth opportunities, the Company remains firmly committed to capital discipline. In response to moderating oil prices, Brookside is adopting a balanced strategy, focusing on near-term cash generation, operational efficiency, and disciplined development pacing, while seeking to maximise shareholder returns.
Brookside remains focused on delivering resilient, high-margin production in a lower commodity price environment. The company is committed to capital discipline, with a balanced strategy of near-term cash generation, operational efficiency, and disciplined development pacing, while seeking to maximise shareholder returns.