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The latest announcement is out from Brookside Energy ( (AU:BRK) ).
Brookside Energy Ltd reported strong financial and operational performance in the fourth quarter of 2024, with cash receipts reaching A$21.1 million and a 667% growth in operating cash flow. The company successfully completed the FMDP project ahead of schedule and under budget, contributing to a robust cash position. Record production growth and increased interest in high-margin FMDP wells enhanced profitability. The company plans to continue development in 2025 with new drilling initiatives.
More about Brookside Energy
Brookside Energy Ltd is a company engaged in the oil and gas industry, holding significant acreage in the Anadarko Basin, USA. The company focuses on increasing production at its SWISH Project in Oklahoma, having produced over one million barrels of oil equivalent since 2020.
YTD Price Performance: -9.73%
Average Trading Volume: 3,134
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $28.58M
Find detailed analytics on BRK stock on TipRanks’ Stock Analysis page.
