Update on Gapstow Full Field Development in SWISH Area of Interest

Brookside Energy Limited (ASX: $BRK) is pleased to provide an update on its activities within the SWISH Area of Interest (SWISH AOI) in the core of the southern SCOOP Play in the world-class Anadarko Basin. The final well of the Continental Resources operated Gapstow Full Field Development (FFD) is expected to reach total depth this week. Continental Resources has simultaneously commenced tank battery construction and completion operations of the drilled wells. Production from the Gapstow FFD is expected to commence in early Q4 2024 and is expected to contribute ~150BOEPD (70% liquids) net to Brookside over an initial 2 years.

Executive Commentary on Gapstow Full Field Development Progress

The Gapstow Full Field Development project is progressing well, with the final well expected to reach total depth this week. We are pleased with the swift advancement of the project and the simultaneous commencement of tank battery construction and completion operations. The anticipated production commencement in early Q4 2024 is a significant milestone for us, and we look forward to the positive contribution it will make to Brookside over the initial 2 years. We are committed to delivering value to our shareholders through the successful development of the Gapstow FFD and our Flames Maroons Development Plan (FMDP).

Summary of Gapstow Full Field Development Update

Brookside Energy (ASX: $BRK) has provided an update on the progress of the Gapstow Full Field Development (FFD) in the SWISH Area of Interest. The final well drilling is underway, and tank battery construction and completion operations have commenced. The production from the Gapstow FFD is expected to begin in early Q4 2024, contributing ~150BOEPD (70% liquids) net to Brookside over an initial 2 years. The Gapstow FFD program aims to reproduce the successful results of the Gapstow Well, and Brookside is participating as a non-operator in seven of the nine Gapstow FFD wells. The company remains focused on generating shareholder value through the disciplined portfolio approach to the acquisition and development of oil and gas assets.