Brookside Energy Limited (AU:BRK) has released an update.
Brookside Energy Limited reported a robust first quarter in 2024 with a cash inflow of A$10.2 million and an increased cash position of A$32.7 million, up from A$26.2 million. Despite temporary production setbacks due to well shut-ins from external operations and extreme weather, the company’s net production averaged 1,191 BOE per day, with a strong recovery by quarter’s end. Additionally, the appointment of a new Non-Executive Director and positive FY2023 financial results underline the company’s continued operational success and strategic growth.
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