Brookside Energy Limited (AU:BRK) has released an update.
Brookside Energy Limited anticipates a substantial increase in oil production and revenue with the commencement of its SWISH AOI Full Field Development in early 2025. The company’s projected output for FY2028 is 4,500 barrels of oil equivalent per day, with expected revenue and net income reaching US$104 million and US$51 million, respectively. This growth is backed by the development of low-risk high-liquids reserves and is planned to be funded through cash flow and a modest credit facility.
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