Brookside Energy's maiden reserves bode well for remaining 80% of growing portfolio
Brookside Energy Ltd (ASX:BRK) managing director David Prentice catches up with Proactive's Danielle Doporto to discuss today's announced maiden reserves of 3.45 million barrels of oil equivalent at the prolific Anadarko Basin in Oklahoma, USA.
Prentice says the combined Net Present Value (NPV) of US$12.5 million with forecast future net revenues of US$37.75 million, at an NPV per acre of around US$30,000, prove both the strength of the business model and the quality of the acreage. Brookside is actively working to add land in the area to its portfolio.
Quick facts: Brookside Energy Ltd