• Record cash receipts and operating cash flow growth achieved
• Successful execution of FMDP ahead of schedule and under budget
• Record quarterly production growth and strong performance from SWISH Play wells

Brookside Energy Ltd reported a strong Q4 2024, achieving record cash receipts of A$21.1 million and net operating cash flow of A$12.2 million, a 667% increase quarter-on-quarter. The company's gross operated production reached a record 4,301 BOE per day, with net production of 2,459 BOE per day (67% liquids). This was driven by the successful completion of the FMDP project, which was executed ahead of schedule and under budget, with the total CAPEX amounting to approximately A$36 million net to Brookside, representing a ~15% saving against the budget. The company's SWISH Play wells also delivered record production of 392,435 BOE gross during the quarter, with cumulative production reaching 2.5 million BOE. Additionally, the Continental Resources-operated Gapstow FFD commenced production and sales, further boosting Brookside's production and cash flow. The company also continued work on preparations for its planned listing of securities via American Depositary Shares on the NYSE American exchange and completed a share capital consolidation during the quarter.

The company announced plans to drill three new SWISH Play 10,000-foot lateral horizontal wells in 2025, with the first well set to spud in the first quarter.

Building on its operational success in 2024, Brookside Energy's 2025 strategy emphasizes inventory growth and targeted drilling, with plans to drill three new SWISH Play wells.