Brookside Energy (AU:BRK) has released an update.
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Brookside Energy Limited reports a strong second quarter in 2024 with A$8.7 million in cash receipts, leading to a positive operating cash flow of A$2.6 million and a robust end-of-quarter cash balance of A$21.4 million. The company’s operations are ahead of schedule, with significant production increases anticipated from the FMDP and Gapstow projects by Q4 2024, and a further tripling of net production to 4,500 BOEPD planned for early 2025. These developments are expected to significantly bolster revenues and net income, reinforcing Brookside’s commitment to strategic growth and shareholder value.
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