Australia's Brookside hits one-month high after company buys Lone Star's US oil and gas assets

Brookside Energy

02/09/2026 05:14

** Shares of Brookside Energy BRK.AX rise as much as 2.5% to A$0.410, their highest level since July 28
** The oil and gas projects developer completes acquisition of Lone Star's U.S. oil and gas interests 
** Company says the acquisition adds about 123 BOEPD of established, low-decline production
** BRK says the deal increases company's cash flow and adds reserves to Brookside's existing portfolio
** Based on Brookside's average Group Net Production of 1,404 BOEPD during 2Q2026, the acquired production marks a 9% increase to company's production base on a pro forma basis
** YTD, stock down 15.6%



 (Reporting by Paridhi Minda in Bengaluru)
 ((Paridhi.minda@thomsonreuters.com;))