Brookside Energy (ASX:BRK) advances Riverbend leasing as acreage capture passes 40% milestone

Brookside Energy has provided an update on progress at its Riverbend Area of Interest in Oklahoma’s Anadarko Basin, where the company has moved from initial technical identification and early-stage leasing into a structured land, title and development planning program designed to support a future operated development pathway.

The company said Riverbend represents an additional growth opportunity within its Anadarko Basin portfolio, with the potential to expand its operated footprint beyond its existing SWISH position and add scale, future reserve growth and additional undeveloped drilling inventory.

Highlights

• Brookside has secured more than 40% of its initial strategic leasehold objective for the current phase of Riverbend acreage capture
• Riverbend is located in the Anadarko Basin, Oklahoma
• The company is continuing disciplined leasehold capture across priority areas within the Riverbend AOI
• Brookside is advancing title, regulatory and development planning to support future reserve-definition activity
• The company is evaluating additional prospective acreage within the broader Riverbend fairway through ongoing technical and land analysis
• Riverbend has the potential to expand Brookside’s operated footprint beyond its existing SWISH position

Since first announcing Riverbend, Brookside said it has advanced the opportunity through a targeted and capital-disciplined leasing program in an area characterised by fragmented mineral ownership.

The company said its approach is focused on securing strategically located leasehold positions that support future operational flexibility while preserving capital and maintaining optionality as the project matures.

In parallel with leasing, Brookside Energy continues to advance title review, technical analysis and regulatory planning across the Riverbend AOI, with the company stating this work is designed to mature the opportunity toward future reserve-definition activity.

The company is also evaluating prospective acreage within the broader Riverbend fairway following ongoing technical and land analysis to assess whether the initial Riverbend development concept can be expanded across additional areas.

Brookside Managing Director and CEO David Prentice said Riverbend was progressing in line with the company’s expectations.

“Riverbend is advancing exactly as we hoped. This is not simply about adding acreage, it is about building another operated growth platform in the Anadarko Basin.”

Brookside said Riverbend remains in the land, title and regulatory planning phase and that initial reserve-definition drilling remains subject to further acreage consolidation, title completion, regulatory approvals, permitting, service availability, commodity prices and the company’s capital allocation priorities.

The company also stated Riverbend is fully funded and has the potential to add material scale to its Anadarko Basin position and strengthen its undeveloped drilling inventory once an initial reserve position is established.