Brookside Energy's SWISH Project Wells Production Update

Brookside Energy Limited (ASX:BRK) has reported that the four new Flames Maroons Development Plan (FMDP) wells at the SWISH Project in Oklahoma have produced approximately 80,000 barrels of oil equivalent (BOE) during flowback and testing, resulting in early gross revenue of around US$4.3 million. The combined daily production has reached approximately 3,900 barrels of oil equivalent per day (BOEPD), with less than 6% of stimulation fluid recovered.

Executive Commentary on SWISH Project Wells Production

We are very pleased with the early results from flowback and testing of our first pad development in SWISH. The production rates we are seeing from both the Woodford Shale and Sycamore formations are very encouraging and speak to the quality of our acreage. Generating approximately US$4.3 million in gross revenue so early in the flowback and testing phase highlights the potential of these wells to deliver strong, sustained production over time. We look forward to reporting peak and longer-term production rates as these wells continue to clean up and produce over the coming weeks and months.

Summary of SWISH Project Wells Production and Outlook

Brookside Energy's FMDP wells at the SWISH Project have demonstrated promising early results, with significant gross revenue of approximately US$4.3 million generated during flowback and testing. The company anticipates reporting peak and longer-term production rates as the wells continue to clean up and produce over the coming weeks and months. The FMDP is forecast to produce 715,000 BOE net to Brookside in its first year of operation, with average production boosted to 2,300 BOEPD net to Brookside and revenue to US$70m (Net Income US$26.6m) in FY2025. The company aims for the FMDP to be the first of many planned step changes in the growth of Brookside's production, revenue, and net income, contributing to its success for years to come.