Ann: SWISH Development Drilling, page-2

27 JULY 2022

SWISH AOI Development Drilling
Permitting and Pre-Drill Planning Advancing

Perth, Western Australia – Brookside Energy Limited (ASX: BRK) (OTC Pink: RDFEF) (Brookside or the
Company) is pleased to provide shareholders and investors with an update on activity related to Brookside’s SWISH
AOI (Figure 1) development drilling program.

The Company is now set to complete an important milestone, with our company making three well Held by Production
(HBP) program now all but complete. Production and sales have been successfully established on our first two
Sycamore Formation horizontal wells (Jewell and Rangers) and production and sales are set to commence from our
very recently completed Flames Well (Woodford horizontal well).
With this program complete, the Black Mesa team have ramped up permitting and pre-drill planning activities for the first
suite of wells from the Company’s inventory of low-risk, high-impact development wells. Increased density and location
exception applications have been lodged with the Oklahoma Corporation Commission (OCC) for a horizontal Sycamore
Well to be drilled within the Jewell Drilling Spacing Unit (DSU) and similar applications are being prepared for the
Rangers DSU.

The first of this suite of development wells, the Ruby Well, will be drilled in the east half of the Jewell DSU, and pre-drill
activities have commenced with the selection of a surface location, identification of routes to gas sales markets and
scheduling of services (drilling and completion). This work is underway and ongoing.

The Company looks forward to keeping shareholders updated as this next phase of the monetization of the oil and gas
resource contained within this highly sought-after acreage position in southern SCOOP gets underway.
Commenting on this announcement, Managing Director, David Prentice said:

“The completion of our SWISH HBP program is a tremendous milestone for the business and our shareholders, marking
the culmination of a plan that was conceived more than four years ago when we first started leasing in this area.
“We now find ourselves at the centre of a play that is developing very rapidly and delivering outstanding results in terms
of production and sales at a time when commodity prices are at decade highs.

”The runway of low-risk extremely high return development wells that we have ahead of us is exciting and we look
forward to keeping shareholders and investors updated as we move into this next phase of growth for the business.”