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SUNDANCE ENERGY AUSTRALIA LIMITED

ASX: SEA

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Sundance Energy Australia Limited (ASX: SEA) is an Adelaide-based independent energy exploration company with US headquarters in Broomfield Colorado.

Since listing on the ASX in April of 2005, Sundance has focused primarily upon the development of large, repeatable resource plays in the US where horizontal drilling, advanced, massive fracture stimulation and enhanced recovery technologies have provided the means to economically develop and produce oil and natural gas from unconventional shale formations.

The Company currently owns in excess of 70,000 net acres in some of the most prospective shale basins in the US, including the premier position in 2 of the leading US oil resource plays –the Eagle Ford and Mississippian / Woodford. Over 70,000 net acres, including ~25,000 in the Eagle Ford / Georgetown Formations(1) and ~46,000 in the Anadarko Basin

  • Approximately 295 gross (196 net) Eagle Ford drilling locations providing attractive multi year drilling inventory
  • Operatorship on a majority of our identified undeveloped drilling locations

Highlights

Sundance has interests in three prime oil and gas regions already producing oil and gas. These include:

  • 31,000 acres in the Anadarko basin - Mississippian region
  • 19,500 (net) acres in the Eagle Ford
  • 3,300 acres in the Williston Basin - Bakken/Three Forks region
  • 5,500 (net) acres in Texas - Georgetown Formation

Achievements

  • Achieved 1Q production of 4,157 boed, representing a ~363% increase over 1Q 2013
  • 2014 exit rate production estimated to be 8,000 –9,000 boed
  • Improvements in well design and completion techniques are driving material improvements in well economics
  • Accelerated development and improving results will drive meaningful uplift in reserve base

Mine For

oil, gas

Location of operation(s)

USA, Queensland

Australian Basins

Cooper

Address

32 Beulah Rd
NORWOOD, SA, AUSTRALIA

Phone

(61 8) 8363 0388

Email

Website


Last Updated

2/08/2014

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.