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Brookside Energy focused on increasing landholding and reserves amid global hydrocarbon growth

Brookside Energy Ltd (ASX:BRK) managing director David Prentice speaks to Proactive Investors about the company’s oil assets in the Anadarko basin and the impact of markets on its business model.

“We’re seeing a shift in the way that we store and then discharge energy and the uptake in the electric vehicle space and improvements in battery technology have been impressive,” Prentice says.

He continues, “but I think in the medium to long-term, the hydrocarbon story is really about global growth and consumption and the outlook looks strong … from the petrochemical sector all the way through to the fuel sector.

“We’ll continue to focus on increasing our landholding but also increasing our reserves – ultimately that will be the factor that unlocks the value that’s already built into the business.”

 
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