Brookside Energy announces 2025 strategy

Brookside Energy (ASX:BRK) has unveiled its strategic focus for 2025. The company plans to expand its drilling inventory and execute a targeted drilling program in the Anadarko Basin. With oil price fluctuations, Brookside aims to boost production and allocate capital wisely to ensure sustainable shareholder returns. The projected net capital expenditure for 2025 is US$18.3 million.

Brookside Energy's 2025 outlook and goals

Brookside Energy has outlined a strategic plan for 2025 that centers around expanding its inventory and executing a targeted drilling program in the Anadarko Basin, specifically in the SWISH Play. The company aims to add a fifth Drilling Spacing Unit and drill three new horizontal wells next year. Brookside projects a significant production increase and plans to allocate US$18.3 million for capital expenditure, covering drilling, completion, land costs, and inventory expansion. The company also remains committed to maintaining financial flexibility and is prepared to adapt to market conditions, with potential share buybacks if energy prices exceed expectations. An investor webinar is scheduled to present a comprehensive five-year plan, reinforcing Brookside's dedication to disciplined growth and sustainable shareholder returns.

Executive insights on 2025 strategy

Managing Director David Prentice emphasized the company's commitment to disciplined growth and value creation by expanding drilling inventory and executing a targeted drilling program. The focus on maintaining a robust balance sheet enables Brookside to pursue opportunities responsibly and adapt to market conditions.