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Brookside Energy lists on the Frankfurt Stock Exchange to broaden overseas investor base

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Brookside Energy Ltd (ASX:BRK) (OTCMKTS:RDFEF) has commenced trading on the Frankfurt Stock Exchange (FSE) under the ticker (FRA:8F3). 

Dual listing on the Frankfurt Stock Exchange supports the company’s strategy to broaden its overseas investor base at a time when global oil prices are rebounding, and the company has reached a critical milestone with the commencement of drilling of the high-impact Jewell Well in its SWISH AOI in the Anadarko Basin, Oklahoma, USA. 

The European listing will also allow for trading of the company’s shares in Euro currency to assist and facilitate increased investment from institutional and retail investors across the European Union.

“Building momentum in Anadarko Basin”

Brookside has appointed the German Institute for Asset and Equity Allocation and Valuation, Deutsche Gesellschaft für Wertpapieranalyse GmbH (DGWA), as its investor and corporate relations advisor in Europe. 

Managing director David Prentice said: “We are delighted to be working with DGWA and to be taking this opportunity to expand our investor relations reach into Europe. 

“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. 

“We are looking forward to keeping all of our shareholders and investors that are new to our story, up to date as we continue to build on this operational momentum in the Anadarko Basin.”

DGWA background

DGWA is the leading European investor relations and corporate advisory firm specialising in ASX listed companies dual-listed, or with operations, in Europe. 

It will focus on engaging retail, institutional and family office investors in the German-speaking DACH region (Germany, Austria and Switzerland) with a population of almost 100 million people and the rest of Europe. 

DGWA will also assist Brookside to increase European investor awareness, organise webinars for investors and assist in the translation and dissemination of ASX releases and news flow across the DACH region. 

“Materially increase European investor base”

DGWA chief executive officer Stefan Müller said: “We are excited to be introducing Brookside Energy to European investors at this important stage in the company’s five-year development program of its Anadarko Basin assets.

“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.”

Müller noted that Brookside and its Oklahoma-based controlled subsidiary, Black Mesa Energy had 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. 

He said: “We will highlight these value drivers in Europe. ASX domiciled companies (with EU dual listing) are trading at record volumes in Europe due to a surge in retail investing over the past 12 months. 

“We are hopeful Brookside Energy will benefit from these developments and materially increase the European investor base over time”. 

Story by ProactiveInvestors


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