Investor PresentationOctober 2016

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Forward-Looking Statements and Other Disclaimers

This presentation may include forward-looking statements. Forward-looking statements are only predictions and are subject to risks,uncertainties and assumptions, which are outside the control of Brookside Energy Limited (“Brookside Energy” or “the Company”).These risks, uncertainties and assumptions include commodity prices, currency fluctuations, economic and financial marketconditions in various countries and regions, environmental risks and legislative, fiscal or regulatory developments, political risks,project delay or advancement, approvals and cost estimates. Actual values, results or events may be materially different to thoseexpressed or implied in this presentation. Given these uncertainties, readers are cautioned not to place reliance on forward-looking statements. Any forward-looking statements in this presentation speak only at the date of issue of this presentation.Subject to any continuing obligations under applicable law and the ASX Listing Rules, Brookside Energy does not undertake anyobligation to update or revise any information or any of the forward looking statements in this presentation or any changes inevents, conditions or circumstances on which any such forward looking statement is based.

This presentation does not constitute investment advice. Neither this presentation nor the information contained in it constitutes

an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. Shareholdersshould not rely on this presentation. This presentation does not take into account any person's particular investment objectives,financial resources or other relevant circumstances and the opinions and recommendations in this presentation are not intendedto represent recommendations of particular investments to particular persons. All securities transactions involve risks, which include(among others) the risk of adverse or unanticipated market, financial or political developments.

The information set out in this presentation does not purport to be all-inclusive or to contain all the information, which its recipientsmay require in order to make an informed assessment of Brookside Energy. You should conduct your own investigations andperform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements andopinions contained in this presentation.

To the fullest extent permitted by law, the Company does not make any representation or warranty, express or implied, as to theaccuracy or completeness of any information, statements, opinions, estimates, forecasts or other representations contained in thispresentation. No responsibility for any errors or omissions from this presentation arising out of negligence or otherwise is accepted.

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Strategy

Build value per share by

leveraging the expertise,

experience and contacts of

the Board and our joint

venture partners

Agreements with and equity interest in Black Mesa provides alignment and effecient access to Mid-Continent specific experience and capabilities

Maintain maximum flexibility to take advantage of the opportunities presented by the current low commodity price environment

“Moving quickly

to capitalize on

a short window in

which to build a

material premier

position in high-

margin repeatable

resource plays”

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Brookside’s STACK Play acquisitions represent a first step in a strategy to build a position in one of the select group of on-shore United States plays that are economic at the current forward curve

Ongoing leasing and acquisition campaign already delivered ~400 acres in the core of the STACK Play

Commodity price cycle creates a once-in-a-generation buying opportunity as assets are re-priced, acreage prices fall and oil field service costs adjust

US$3.5 million Drilling Joint Venture with Merchant Funds Management provides equity holders with maximum exposure to upside from reserve growth and unlevered future cash flow in full field development

Investing alongside a Tulsa based equity group with extensive industry experience and a strong track record for creating significant value from energy start-ups

Right place, right time with the right structure F

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Corporate Snapshot

Board of Directors ASX:BRK

Michael Fry (Chairman) Share Price Range A$0.007 – A$0.013

David Prentice (Managing Director) Market Capitalization ~A$6.4m

Loren Jones (NED & Co. Sec.) FPO’s 585,000,000

ASX:BRKO 250,000,000

Price Chart

“Well timed successful

acquisitions provide

clear value generation

through production and

reserve increases that

are subsequently

rewarded in a higher

pricing environment”For

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STACK Play – Anadarko Basin

Mature basin with extensive infrastructure, processing, refining and services (divided into several plays including the STACK Play, SCOOP, Mississippian Tonkawa & Granite Wash)

STACK Play is prospective for the upper and lower Meramec formation which produces liquids rich natural gas, oil and dry gas

STACK Play also has underlying Woodford and Osage shale which makes it a multi-stacked pay opportunity with as many as 12 plus locations per 1,280 section

Core areas of the STACK Play are comprised of Kingfisher, Canadian, and Blaine counties. Brookside

Energy is concentrating its leasing activity in Blaine County, considered to be the overpressured oil window of the play

STACK Play has bottom quartile breakeven oil prices

with ability to generate economic returns below $45/bbl WTI.

The largest operators in the vicinity are Continental Resources (NYSE: CLR), Devon Energy (NYSE: DVN), and Marathon Petroleum (NYSE: MPO)

CLR is testing downspacing in the overpressured oil

window with the potential of increasing recoverable reserves by 25% per section with 10 Meramec wells.

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STACK Play – Relative to U.S. Shale Plays

Single Well ROR @$45 WTI and $2.50 Henry Hub

Bak

ken

–C

ore

SCO

OP

–C

on

den

sate

SCO

OP

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STACK Play – Unprecedented Activity

CLR, DVN, MRO and others set to develop BRK’s Non-operated position

Over 180 pooling applications have been filed with the Oklahoma Corporation Commission in the area of operation (once a permit is filed an operator has 12 months to spud a well - gray dots in the image show the likely development locations in the vicinity)

DVN, CLR, and MRO have all diverted capital from other areas in order to increase capital expenditures in the STACK Play(CLR, the largest landowner in Blaine County has 11 of its 19 rigs operating in the STACK Play)

Operator Pooling App./ Order Count

CLR 110

MRO 26

EXC 19

DVN 11

CHK 8

NFX 3

“Oil producer Devon Energy

Corp buys Felix Energy LLC’s

STACK Play acreage for US$1.9

billion”

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Capitalizing on STACK Play Leasing Window

“Move quickly to capitalize on

a short window in which to

build a material premier asset

position in this high-margin

repeatable part of the STACK

Play”

Brookside has secured ~3001. acres (non-operated working interest leasehold)

across 10-spacing units within the highly

productive over-pressured volatile oil

window of the STACK Play

Expect to capture additional core

acreage so that 100% of the capital

available via the Drilling Joint Venture can

be deployed

Total holdings in the STACK Play now stand

at ~4002. acres (including the RA Minerals Royalty Acreage), all located within the

core of the play

Currently 33 rigs operating in the STACK

Play counties of Blaine, Kingfisher and Canadian, with CLR and MRO leading the

development. CLR and MRO combined

account for ~75% of this activity

Brookside’s current STACK acreage is well

down the path to supporting the

Company’s initial target of 10 Mmboe in

proved reserves

Note:

1. Includes non-operated working interest acreage that is subject to final title clearance and closing.

2. Includes non-operated working interest acres acquired pursuant to the Drilling Program Agreement between BRK Oklahoma and Black Mesa and

the RA Minerals Royalty Acreage acquired pursuant to the Acquisition Program Agreement between BRK Oklahoma and Black Mesa.

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Recent Results within Brookside’s Leasing AOI

~26 of the recently completed horizontal wells (within Brookside’s AOI in Blaine County) have

achieved initial production results in excess of

1,000Boe per day

~15 of these wells achieved initial production

results in excess of 2,000Boe per day

Productivity of core acreage further reinforced

by the release of initial production data on two recently drilled wells delivering very high initial

rates of 3,700Boe per day per well

~11 successful increased drilling pilots being

conducted in and around Brookside’s core

focus area.

DVN’s Alma spacing pilot which tested five

wells (5,000-foot laterals) per section in the upper Meramec deliverers 30-day production

rates averaging 1,400Boe per day per well

These results (together with information from

pilots conducted by other operators) point to

potential for Brookside’s current acreage to

provide exposure to between 100 and 120

(extended lateral) horizontal wells in a full field development scenario. STACK Hz Wells with IP’s in excess of 1,000Boe per day

STACK Hz wells (DUC’s and or permits)

Brookside Leasing AOI

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Joint Venture to Finance STACK Drilling & Completion Costs

US$3.5 million Drilling Joint Venture

with Merchant Funds Management

provides equity holders with

maximum exposure to upside from

reserve growth and unlevered future

cash flow in full field development

Joint Venture fully funds Brookside’s

interest in ~10 extended reach STACK

wells

Joint Venture finances 100% of

Brookside’s share of Drilling &

Completion Costs and is repaid from

the net proceeds of the funded wells

(after payout Joint Venture partner

receives a 25% NRI)

Potential to extend the Joint Venture

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STACK Play – Industry Type Curve (over-pressured oil)

EUR 1,700 Mboe (58% oil)

IP30 Oil 1,300 bbl/day

IP30 Gas 3,500 Mcf/day

12-month cum. 380 Mboe

“World class play comparable

with the most economic parts

of the Permian and Eagle

Ford Plays”

Source: CLR Investor Presentation October 2016

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STACK Play – Pre-tax ROR vs. WTI

Assumptions: Price Differentials: Gathering Costs:

1280 acre spacing unit Oil: -$3.00/Bbl Natural Gas: -$0.74/Mcf

(9,800’ lateral) Natural Gas: -$0.37/Mcf

CWC ~US$9m to US$11m

NRI ~80%

Source: CLR Investor Presentation October 2016

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Brookside Energy’s joint venture with Black

Mesa brings together a team of executives

and Board members with extensive

industry experience and a strong track

record for creating significant value from

energy start-ups

Black Mesa is executing a disciplined rate

of return portfolio approach to its

acquisition and development activities

Identified “core focus” AOI and is moving

quickly to capitalize on a short window in

which to build a material premier asset

position in this high-margin repeatable

part of the STACK Play

US$3.5million Drilling Joint Venture with

Merchant Funds Management provides

equity holders with maximum exposure to

upside from reserve growth and unlevered

future cash flow in full field development

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Board of Directors

Michael Fry (Chairman)

David Prentice (Managing Director)

Loren Jones (Director & Co. Sec.)

Contact

Suite 9, 330 Churchill Avenue

Subiaco Western Australia 6008

www.brookside-energy.com.au

https://twitter.com/BrooksideEnergy

Brookside Energy Limited

“Brookside Energy Limited is

an Australian publicly held

company listed on the

Australian Securities Exchange

(ASX:BRK). The Company was

established in 2004 and first

listed via an Initial Public

Offering in October 2005. The

Company has established deep

and valued relationships in

the oil and gas sector over

the last 12 years through its

successful activities in the

oil and gas sector focused on

the mid-continent region of

the United States.”

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Board of Directors

Bill Warnock (Chairman & CEO)

John Brock

Larry Edwards

Chris Girouard

David Prentice

Executive Team

Chris Girouard (President & COO)

Lee Francis (VP Operations)

John Schumer (VP Res. Eng.)

Contact

Suite 450, 401 S. Boston Avenue

Tulsa, Oklahoma

http://www.blkmesa.com/

Black Mesa Production, LLC

“Black Mesa Production, LLC is an oil & gas

exploration and production company headquartered

in Tulsa, Oklahoma. The privately-held Company

was founded by several long-time Tulsa oilmen in

the fall of 2015 to pursue oil and gas prospects

and producing property acquisitions in the Mid-

Continent Region of the United States, with a

focus on Oklahoma”

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Appendix

Brookside Energy Limited(ASX:BRK)

BRK Oklahoma Holdings, LLC

Black Mesa Production, LLC

Tulsa EquityGroup Black Mesa Executive Team

100%

30%1.70%2. Earning 50%.

1. BRK Oklahoma Holdings LLC diluting to 15%2. Tulsa Equity Group diluting to 35%

Note the following regarding the operation of the agreements between Black Mesa Production, LLC (Black Mesa) and BRK Oklahoma Holdings, LLC (BRK Oklahoma).

In relation to acquisition or drilling proposals introduced by Black Mesa to BRK Oklahoma in the three year period commencing in calendar year 2015 and continuing until 31December 2018, and pursuant to the Acquisition Program Agreement (APA) and the Drilling Program Agreement (DPA) (each agreement being between Black Mesa and BRKOklahoma), the Company’s wholly-owned subsidiary BRK Oklahoma has agreed to commit US$10 million to either:

an acquisition or acquisitions (pursuant to the APA); ora drilling program or programs (pursuant to the DPA); ora combination of an acquisition or acquisitions and drilling program or programs.

Under the APA, Black Mesa may notify BRK Oklahoma of an acquisition proposal; and BRK Oklahoma has the right to approve or reject proposals presented to it by Black Mesa.To this end, the RA Minerals Royalty Acreage acquisition referred to in the Company’s ASX announcement dated 31 March 2016 is the first proposal accepted by BRK Oklahomapursuant to the APA. A project acquired pursuant to the terms of the APA is subject to Black Mesa’s 18.75% (working interest) back-in after payout.

Under the DPA, Black Mesa will notify BRK Oklahoma of geographic areas that Black Mesa considers to be appropriate in which to establish production of oil, gas and/or otherhydrocarbons. Black Mesa will provide a proposal to BRK Oklahoma prior to commencement of any drilling or similar operation. No activities will occur under a proposal made toBRK Oklahoma without BRK Oklahoma’s prior acceptance of the proposal. To date Black Mesa and BRK Holdings have not secured an interest in a proposal put forward pursuantto the DPA. A project acquired pursuant to the terms of the DPA is subject to Black Mesa’s 25% (working interest) back-in after payout.

These agreements (the APA and the DPA), together with the Operating Agreement (announced on 7 December 2015) provide BRK Oklahoma with flexibility to raise capital thatmay be required for any approved acquisitions and/or drilling proposals from a wide range of sources.

Under the terms of the Operating Agreement (pursuant to which BRK Oklahoma acquired a 15% interest in Black Mesa) BRK Oklahoma has agreed to fund its share (US$937,800)

of a three year general and administration budget for Black Mesa. In addition, in the event that BRK Oklahoma does not contribute, in a timely manner, the amounts that it is hasagreed to contribute pursuant to the APA or the DPA, Black Mesa has the right to acquire BRK Oklahoma’s interest in Black Mesa at a price to be determined under certainvaluation mechanisms set out in the Operating Agreement.

The Operating Agreement, APA and DPA contain industry standard operational clauses customary for these types agreements, including but not limited to clauses related tomanagement of operations, reporting, assignment of interests, and taxation.

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