Brookside Energy's Strategic Move

Brookside Energy Limited (ASX:BRK) has announced its decision to pursue a listing via American Depositary Shares (ADSs) on the NYSE American exchange and to complete a capital consolidation. The proposed strategic move aims to expand the company's presence in the US market and provide access to a broader base of international investors. The company will retain its primary listing on the ASX, with ADSs representing the underlying ASX-listed shares on a ratio to be determined as part of the listing process. In conjunction with the proposed listing, the company intends to complete a capital consolidation, subject to shareholder approval, to streamline its share structure and align with its long-term strategic objectives.

Executive Commentary on Strategic Initiatives

This is a pivotal moment for Brookside as we take meaningful strides to expand our footprint in the US market through a proposed listing on the NYSE American exchange. The Board's decision to pursue this listing, alongside a capital consolidation, aligns with our strategic objective to enhance our US visibility and provide better access to a broader base of international investors. We are confident that these initiatives will position the Company for long-term growth and create significant value for our shareholders as we continue to deliver on our mission to deliver best-in-class financial returns for our shareholders through all phases of commodity price cycles by identifying and efficiently developing oil and gas reserves.

Summary of Strategic Move and Outlook

Brookside Energy's decision to pursue a listing via American Depositary Shares (ADSs) on the NYSE American exchange and complete a capital consolidation reflects its strategic efforts to expand its presence in the US market and access a broader base of international investors. The company aims to retain its primary listing on the ASX while streamlining its share structure through the proposed consolidation. The Board's confidence in these initiatives indicates a strong positioning for long-term growth and value creation for shareholders. The proposed timeline for the listing and capital consolidation will be communicated to shareholders once the initial registration documentation has been lodged with the regulator and approved. Brookside Energy remains focused on executing its strategic initiatives to deliver long-term value to its shareholders, emphasizing its commitment to enhancing visibility and access in the US market for sustained success.