2025 Strategic Focus - Inventory Growth & Targeted Drilling
| Stock | Brookside Energy Ltd (BRK.ASX) |
|---|---|
| Release Time | 18 Dec 2024, 9:06 a.m. |
| Price Sensitive | Yes |
Brookside Energy Ltd outlines 2025 strategic focus
- Expanding drilling inventory in Anadarko Basin
- Executing targeted 3-well drilling program in 2025
- Anticipating 30-40% production growth in 2025
Brookside Energy Ltd (ASX: BRK) has announced its strategic focus and growth initiatives for 2025. Building on the success of its 2024 operations, the company is poised for significant growth and value creation in the coming year. The company's strategic initiatives include efforts to expand its inventory of low-cost, high-margin undeveloped drilling locations in the SWISH Play and the broader Anadarko Basin, as well as a targeted drilling program with three new 10,000-foot lateral horizontal wells planned for 2025. The first well is set to spud in the first quarter, with the remaining two wells planned for the third quarter. The company expects net production in 2025 to double compared to pre-FMDP levels and grow by 30% to 40% over the 2024 annual average, driven by the success of the FMDP development and contributions from the 2025 drilling program. The projected net capital expenditure (CAPEX) for 2025 is US$18.3 million (A$28.7 million), encompassing drilling, completion, and land costs. EBITDA for 2025 is projected at US$18.0 million (A$28.0 million), based on pricing of WTI crude oil at US$75.00 per barrel and natural gas at US$2.50 per thousand cubic feet.
Net production in 2025 is expected to double compared to pre-FMDP levels and grow by 30% to 40% over the 2024 annual average. The projected net capital expenditure (CAPEX) for 2025 is US$18.3 million (A$28.7 million), and EBITDA for 2025 is projected at US$18.0 million (A$28.0 million), based on pricing of WTI crude oil at US$75.00 per barrel and natural gas at US$2.50 per thousand cubic feet.
The company is poised for significant growth and value creation in 2025, driven by its strategic focus on inventory growth and a targeted drilling program in the Anadarko Basin. The company remains focused on allocating capital strategically to projects that drive long-term growth while preserving the strength of its balance sheet.