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Brookside Energy Ltd

Brookside Energy managing director increases ordinary shareholding to 3.2 million with on-market purchase

Subiaco-based Brookside is hoping to increase its acreage by 3,600 acres to 6,000 acres by the December 2019 quarter as it executes its acreage re-evaluation business model.

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The company is backed by developer and equity portfolio manager Mark Casey through his Casey Capital investment outfit

Brookside Energy Ltd (ASX:BRK) managing director David Prentice has indirectly purchased 952,728 ordinary shares in on-market trades.

This brings his total holding to 3.2 million ordinary shares and 15 million unquoted options exercisable at 3 cents an option on or before December 31, 2020.

The oil and gas company is scaling up its high-grade land and leasing business model in Oklahoma’s Anadarko Basin.

The company’s partner and manager of US operations Black Mesa Ltd has continued to build on the position with trading and high-grading activity.

This is consolidating Brookside’s holdings to several core operated development units or drilling spacing units where the company aims to establish operations.

Quick facts: Brookside Energy Ltd

Price: 0.009 AUD

Market: ASX
Market Cap: $8.99 m
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