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Brookside Energy to talk Real Estate Development approach at Proactive’s CEO Sessions

Brookside and its experienced US partner Black Mesa Energy add value to their portfolio through exploration.

Brookside Energy Ltd - Brookside Energy to talk Real Estate Development approach at Proactive’s CEO Sessions
Brookside’s managing director David Prentice will be presenting at the events

Brookside Energy Ltd (ASX:BRK) is focused on developing and monetising its assets in the world-class Anadarko Basin in Oklahoma.

The company is executing a Real Estate Development approach to acquiring prospective acreage in the Anadarko Basin and adding value to it by consolidating leases and proving up oil and gas reserves through exploration.

Brookside then has the option of selling the revalued acreage or maintaining a producing interest.

This model is commonly used by private equity investors in the sector and has been successfully piloted by Brookside in the northern Anadarko Basin’s STACK Play.

Experienced US partner

Brookside’s US partner and manager of operations, Black Mesa Energy, LLC is an experienced mid-continent operator.

Black Mesa identifies opportunities and executes development under a commercial agreement with Brookside.

Brookside is now set to scale-up its activities and asset base significantly with its operated interests in the SWISH AOI in the scoop play.

Brookside’s acreage is located in the Anadarko Basin, specifically in the STACK and SCOOP Plays

Proactive caught up with Brookside earlier this week for an update.

Other companies presenting at the Sydney and Melbourne events are Minotaur Exploration Ltd (ASX:MEP), Eon NRG Ltd (ASX:E2E), Kingston Resources Ltd (ASX:KSN) and Shekel Brainweight Ltd (ASX:SBW).

 

Register for the CEO Sessions today

Sydney details, Monday, October 14, 2019

Melbourne details, Tuesday, October 15, 2019

Quick facts: Brookside Energy Ltd

Price: 0.009 AUD

ASX:BRK
Market: ASX
Market Cap: $8.99 m
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Brookside Energy earns almost US$1.5 million from sale of acreage package

Managing director of Brookside Energy Ltd (ASX:BRK) David Prentice speaks to Proactive Investors about the successful sale of around 96 partially developed and undeveloped acres from the world-Class oil and gas Anadarko Basin plays in Oklahoma, USA. "It's another really strong data point...

on 07/31/2018

2 min read