Brookside Energy completed its initial share buy-back, acquiring 249,999,999 shares, or approximately 5% of pre-buy-back issued capital.

The cost of the buy-back was $3.13 million at an average price of $0.0125. The company now has a total of 4,764,545,628 fully paid ordinary shares.

The initiative also resulted in consolidation within Brookside's share register, with the top 50 shareholders now holding more than 43% of post-buy-back shares.

Brookside also plans to seek shareholder approval for a new buy-back, potentially even before the completion of its Focused Multi-Well Drilling Project.