Brookside Completes Producing Property Acquisition

Key points

• Acquisition adds 123 BOEPD of established, low-decline production
• Represents a 9% increase to Brookside's 2Q2026 average production
• Purchase price of US$1.114 million, equivalent to US$9,100 per flowing BOEPD

Full summary

Brookside Energy Limited (ASX: BRK) has successfully completed the acquisition of the US oil and gas interests of Lone Star Exploration & Production, Inc. The acquired portfolio generated approximately 11,099 BOE during the quarter ended 30 June 2026, equivalent to approximately 123 BOEPD. This acquisition represents an approximately 9% increase to Brookside's 2Q2026 average Group Net Production of 1,404 BOEPD on a pro forma basis. The acquisition adds established, low-decline production, cash flow, and reserves to Brookside's existing portfolio. The purchase price was US$1.114 million, equivalent to approximately US$9,100 per flowing BOEPD based on 2Q2026 average production. No new Brookside securities were issued in connection with the acquisition.

Guidance

Brookside expects the acquisition to increase its 2Q2026 average production by approximately 9%.

Outlook

Brookside Energy aims to continue investing in higher-growth opportunities while strengthening its production base with low-decline production, reserves, and cash flow.