Brookside Energy Ltd (RDFEF)
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Brookside Energy set for next step in prolific SWISH Play with Bruins Well preparations underway
Brookside Energy Ltd is taking the next step in its strategic growth strategy in a prolific hydrocarbon region of the Anadarko Basin, Oklahoma, with drilling preparations underway for the Bruins Well within the SWISH Play acreage. Bruins, which is expected to spud before the end of this month, will be the first of three planned wells in Brookside's 2025 drilling program and will be a 10,000-foot lateral well. Pre-spud activities, including pad selection, surface agreements and regulatory approvals, have been completed and the all-weather drilling pad is under construction. The company believes Bruins can replicate strong performance metrics delivered to date in the SWISH Play, which as of December 31, 2024, had achieved cumulative production of 2.5 million barrels of oil equivalent (BOE). As a result of the diligence and hard work of the land team, Brookside expects to significantly increase its working interest in the Bruins Well to a substantial ~70%, subject to finalising various regulatory filings and processes. Brookside’s managing director David Prentice said: "The start of operations on the Bruins pad is an exciting milestone in our 2025 drilling program. “Building on our success in the SWISH Play, we are well-positioned with a larger interest in this well and a strong operational plan. “Our focus remains on delivering the best possible production outcomes we can, creating real value for our shareholders, and expanding our footprint in the Anadarko Basin." Gross capex for the 10,000-foot lateral well that is targeting the Woodford Shale formation is estimated at ~US$11 million and the well is expected to produce more than 1 million BOE over its life, with around 640,000 BOE (~53% liquids) in the first five years. Brookside has executed a drilling contract with Kenai Drilling, with drilling set to commence before the end of February. Kenai has a proven track record with Brookside, having conducted drilling operations on the company’s recently completed successful FMDP four-well program. Qualcomm Inc (NASDAQ:QCOM, ETR:QCI) shares edged lower afterhours despite the semiconductor and wireless telecommunications product manufacturer posting higher sales and profits than expected for the December quarter. Revenue for the fiscal first quarter of 2025 was $11.7 billion, above Wall Street expectations of $10.9 billion. Adjusted earnings per share (EPS) grew 25% to $3.41 from $2.75 in the year-ago quarter, above estimates of $2.97. For the fiscal second quarter, revenue is forecast to be in the range of $10.3 billion to $11.2 billion, compared to Street estimates of $10.4 billion. Qualcomm expects EPS in the range of $2.70 to $2.90 above the consensus of $2.68. “We are very pleased to have achieved quarterly revenue records, which reflect the strength of our technology, product roadmap and end-customer demand,” Qualcomm CEO Cristiano Amon said in a statement. “We are delivering growth across our diversification initiatives and remain committed to executing on our fiscal 2029 targets to achieve $22 billion of non-handset revenues.” Qualcomm shares moved lower despite its strong report and outlook, down 3.7% afterhours.
Brookside Energy in FMDP milestone with strong initial production and smooth steady-state transition
Brookside Energy Ltd (ASX:BRK, OTC:RDFEF) has notched up another key milestone at the Flames-Maroons Development Plan (FMDP) wells in the SWISH AOI in Oklahoma's Anadarko Basin with strong initial production metrics and a seamless transition to steady-state operations. The four FMDP wells - Fleury, Maroons, Iginla and Rocket – recorded combined gross IP24 and IP30 rates of 4,330 BOEPD and 3,761 BOEPD, respectively, with liquids yields of about 80%.
Brookside Energy Ltd Dividends
Brookside Energy Ltd Earnings
| 11 Sep 2025 (In 1 month) Date | | - Cons. EPS | - EPS |
| 26 Mar 2025 Date | | - Cons. EPS | - EPS |
| 13 Sep 2024 Date | | - Cons. EPS | - EPS |
| 11 Sep 2024 Date | | - Cons. EPS | - EPS |
| 19 Jun 2024 Date | | - Cons. EPS | - EPS |
| 11 Sep 2025 (In 1 month) Date | | - Cons. EPS | - EPS |
| 26 Mar 2025 Date | | - Cons. EPS | - EPS |
| 13 Sep 2024 Date | | - Cons. EPS | - EPS |
| 11 Sep 2024 Date | | - Cons. EPS | - EPS |
| 19 Jun 2024 Date | | - Cons. EPS | - EPS |
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Brookside Energy Ltd Profile
| Oil & Gas Exploration & Production Industry | Energy Sector | Mr. David Prentice B.A., Grad. Dip BA, M.B.A. CEO | OTC PINK Exchange | AU000000BRK4 ISIN |
| AU Country | 30 Employees | - Last Dividend | 2 Oct 2015 Last Split | 31 Oct 2005 IPO Date |
Overview
Brookside Energy Limited is a dynamic company primarily engaged in the exploration, production, and appraisal of oil and gas projects. Established in 2004 and based in Perth, Australia, the company has focused its operations in the Anadarko Basin in Oklahoma, United States, where it exploits the rich oil and gas reserves. Initially known as Red Fork Energy Limited, it underwent a strategic rebranding to Brookside Energy Limited in June 2015. This change marked a new chapter in the company’s mission to develop valuable oil and gas assets and secure lucrative acreage opportunities for leasing and development, underlining its commitment to growth and innovation in the energy sector.
Products and Services
- Exploration
- Production
- Appraisal
- Leasing and Development of Acreage Opportunities
Brookside Energy focuses on the discovery of new oil and gas fields within the Anadarko Basin, employing cutting-edge technology and geological expertise. This foundational activity underpins the company's growth strategy, seeking to expand its portfolio of hydrocarbon resources.
The company proceeds to extract oil and gas from its proven reserves in Oklahoma. Through the application of efficient production methods, Brookside Energy aims to maximize the output and profitability of its assets, ensuring a stable supply of energy resources.
After discovery, Brookside Energy undertakes appraisal activities to assess the commercial viability of its oil and gas finds. This critical stage involves drilling additional wells and conducting detailed analyses to accurately estimate the volume and quality of the hydrocarbons present.
Brookside Energy is also engaged in the strategic leasing and development of promising acreage within the Anadarko Basin. This encompasses securing rights to explore and exploit specific areas, followed by the initiation of development plans to tap into the underlying hydrocarbon resources.
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