BRK 0.00% 1.4¢ brookside energy limited

Ann: High-Impact Jewell Well Fully Funded, page-2

  1. 5,038 Posts.
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    This is awesome... future looks fantastic here... placement was only done at .0075....

    Happy Days ahead... hold strong to this on...

    Highlights
    • A$8.25 million raised (before costs of the offer) by CPS Capital Group in an oversubscribed placement to sophisticated or professional investors that saw very strong support from a mix of new and existing shareholders, including several new high net worth investors looking for exposure to the oil and gas sector
    • The Company is now fully funded to drill and complete the much-anticipated Jewell Well in the SWISH AOI. The Jewell Well is the first well in a potential 5-year, 20-plus well development drilling program across the three operated Drilling Spacing Units (DSU’s) the Company controls in the SWISH AOI
    • Drilling of the Jewell Well will be transformational for Brookside and the catalyst to unlock the value of a conservatively estimated 11,606,000 net barrels of oil equivalent (BOE) Prospective Resource that the Company has booked across its three SWISH AOI DSU’s (Jewell, Flames and Rangers) (best estimate, unrisked)
 
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