Ann: Quarterly Activities Report and Appendix 5B - Sept 2018, page-2

Quarterly Activities Report for the period ending 30 September 2018​

Highlights​

• Continued to successfully execute the Company’s “land and leasing” business model in the world-class Anadarko Basin Plays (STACK and SCOOP).
• Ongoing leasing program has now secured an interest in twenty-one, 640-acre sections within the SWISH AOI in the SCOOP Play.
• Successfully sold the RA Minerals Acreage package in the STACK Play, achieving US$15,300 per acre for total proceeds of US$1,475,000.
• Released initial and sustained production results for six Working Interest wells, including the record setting Kevin FIU well at 5,400 BOE/day and the important Bullard well (in SCOOP) at 1,828 BOE/day.
• Net production of ~375 BOE/day for the quarter, generating net revenue of US$1,012,000 for the quarter.
• Landreth BIA 1-14H well achieves payout in just 11-months with Brookside now set to receive 75% of future net revenue from this well.
• New substantial shareholder Casey Capital, Chairman Mark Casey joined Brookside’s Advisory Board as Chair alongside Managing Director, David Prentice.

Commenting on the third-quarter results, Brookside Managing Director, David Prentice said;

“We are delighted to present our third-quarter results, with very strong outcomes achieved across all areas, from our leasing campaign in SWISH through initial production results from our new wells in STACK and SCOOP, to quarterly production and cash flows and finally to welcoming Casey Capital as a new substantial shareholder.

“We continue to work hard executing our ‘land leasing’ business model and the production and cash flow results achieved in this quarter will support more high-quality oil and gas reserves and ultimately higher per acre values for our Anadarko Basin holdings – this is key to success in building value per share for our shareholders.”