Brookside Energy (ASX:BRK) to double production by Q4 with Flames-Maroon Plan

Brookside Energy plans to double production by the fourth quarter through its Flames-Maroon Development Plan, targeting 17% of its net reserves.

Focusing on US oil and gas production, it reported 1,200 BOE/d in Q1 2024, with 60% liquids and 11.6 MMBOE in net proved and probable reserves.

The company completed a 5% on-market share buy-back in FY23 and plans further buy-backs post-FMDP.

Brookside anticipates positive operational and financial performance, marking the FMDP as a pivotal phase for substantial production enhancement and long-term sustainable growth.