STTCOMP BRK, FA Long
Brookside Energy Limited aims to build value per share through a disciplined portfolio approach to the acquisition and development of producing oil and gas assets and the leasing and development of acreage opportunities focused on the mid-continent region of the United States.
Market Cap: ~5 million = Securities: 3 50 000 303 x SP: $0.014 securities; Cash: $1 555 000;
Quarterly Report 30/10/2015 & Completion of Consolidation 9/10/2015
Portfolio:
The Company holds a leasehold interest in 465 gross acres (approximately 282 net acres) in Payne County, Oklahoma. The Leases are located in a part of northern Oklahoma with a long history of hydrocarbon production from the Cherokee Platform east of the Anadarko Basin and north of the Arkoma Basin. The region is very well located with access to pipeline, processing and refining capacity as well as experienced service companies providing exploration, drilling and production expertise.
Catalysts:
Appointment of Cicero Advisory Services as Corporate Advisor.
“It is intended that Cicero will advise the Board on potential acquisition opportunities that could accelerate the transformation of the Company into a high growth and strong cash-flow generating business. This could include the introduction of acquisition opportunities, assistance with due diligence and advice on corporate structuring arising from any acquisition opportunity.”
Appointment of Corporate Advisor 29/10/2015
Mathew Walker is the Chairman of Cicero Advisory Services
“Mr Walker is a businessman and entrepreneur with extensive experience in both public and private company management. Specialising in the natural resources sector, Mr Walker has served as executive Chairman or Managing Director for public companies with operations in North America, South America, Africa, Eastern Europe, Australia and Asia. Currently he serves as a Director of West Peak Iron Limited (ASX: WPI) and Star Striker Limited (ASX: SRT) and as Chairman of boutique corporate advisory firm Cicero Advisory Services.”
Cicero’s clients include a number of recent ASX gainers including Ziptel, VTX, West Peak Iron etc.
Cicero has significant skin in the game.
Top 20 Holders 3/08/2015
Raising today possibly a sign of positive activity:
Placement of up to 49 999 697 shares at a price of $0.012 per share along with free attaching options exercisable at $0.02 on or before the 31/12/2018 on a 1 to 4 basis to Sophisticated Investors announced today to raise $600 000 to advance the Company’s main business undertaking, new initiatives and other working capital.
Share Placement Announcement, 2/11/2015
Seems undervalued relative to other MW shells.
IMO, DYOR
