logo-loader
viewBrookside Energy Ltd

Brookside Energy's maiden reserves bode well for remaining 80% of growing portfolio

Brookside Energy Ltd (ASX:BRK) managing director David Prentice catches up with Proactive's Danielle Doporto to discuss today's announced maiden reserves of 3.45 million barrels of oil equivalent at the prolific Anadarko Basin in Oklahoma, USA.

Prentice says the combined Net Present Value (NPV) of US$12.5 million with forecast future net revenues of US$37.75 million, at an NPV per acre of around US$30,000, prove both the strength of the business model and the quality of the acreage. Brookside is actively working to add land in the area to its portfolio.

Quick facts: Brookside Energy Ltd

Price: 0.009 AUD

ASX:BRK
Market: ASX
Market Cap: $8.99 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Brookside Energy Ltd named herein, including the promotion by the Company of Brookside Energy Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Brookside Energy buoyed by strong production result from another well in...

Brookside Energy Limited (ASX:BRK) managing director David Prentice updates Proactive on another strong result from a well at the SWISH Area of Interest (AOI) in the Anadarko Basin of Oklahoma, USA. The Leon 1-23-14XHM well, operated by Continental Resources, delivered an initial 24-hour...

on 27/11/19

2 min read