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Brookside Energy (ASX:BRK) completes dual-listing, trades on FSE
Stock Exchange building in Frankfurt, Germany.
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  • Brookside Energy (BRK) has completed its listing on the Frankfurt Stock Exchange as it seeks to expand its investor base abroad
  • The European listing allows the company's shares to be traded in euros, facilitating investment from institutional and retail investors in the E.U.
  • In tandem with the listing, the German Institute for Asset and Equity Allocation and Valuation (DGWA) has been appointed as Brookside's European investor relations and corporate advisory firm
  • Specifically, DGWA will focus on growing the company's corporate profile in the German-speaking region of Germany, Austria and Switzerland
  • Shares last traded on May 12, 2021 at 2.6 cents

Brookside Energy (BRK) has completed its listing on the Frankfurt Stock Exchange as it seeks to expand its investor base abroad.

The European listing allows for the company's shares to be traded in euros, facilitating investment from institutional and retail investors in the E.U.

"We are delighted to be working with DGWA and to be taking this opportunity to expand our investor relations reach into Europe," said Brookside's Managing Director, David Prentice.

"Our operations in the SWISH AOI in Oklahoma are progressing rapidly, kicking off with the recent spudding of our much anticipated first operated well — the Jewell Well."

In tandem with the listing, the German Institute for Asset and Equity Allocation and Valuation (DGWA) has been appointed to grow Brookside's European investor relations and corporate advisory firm.

Specifically, DGWA will focus on growing the company's corporate profile in the German-speaking region of Germany, Austria and Switzerland.

"Crude oil prices have recovered significantly since their lows of 2020 and investor interest in quality businesses and assets in geographic regions with low sovereign risk such as the United States is strong," said CEO of DGWA, Stefan Müller.

"Brookside and its Oklahoma-based controlled subsidiary, Black Mesa Energy, have strong ESG credentials around engagement and assistance with local communities, conducting its operations in a respectful, safe and efficient way and taking care of the environment and natural resources in its areas of operation. And we will highlight these value drivers in Europe," he added.

Shares last traded on May 12, 2021 at 2.6 cents.

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