Sundance Energy Australia Limited (ASX: SEA) May 2013 May 2013 Equity Offering Not for release in the United States
Company Profile Sundance Energy (ASX: SEA) is an independent energy company focused on the exploration, development and production of large, repeatable resource plays in North America. The Companys current activities are focused on the…
Investment Highlights Premier position in 3 of the leading US oil resource plays Premier Acreage Material acreage position targeting the Mississippian & Woodford Foothold in the Eagle Ford via Texon Petroleum acquisition High…
Equity Raise Overview Settlement underwritten placement of shares to be listed on the ASX Placement of 56.0 million shares to raise A48.1M before costs Offer Structure Share Purchase Plan offering of up to A15,000 per shareholder with…
Diversified Assets in Leading US Liquids Basins Williston Basin Bakken/Three Forks Net Acres 4,800 3P Reserves (mmboe) (1) 10.0 DJ Basin Niobrara/Codell Wattenberg Net Acres 5,500 Greater Anadarko N. Niobrara Net Acres…
Production Tracking In- In-Line with Guidance 2013 Production Guidance 6,000 5,000 4,000 boepd 3,000 2,000 1,000 - Base Case Upside Case 8
High Quality, Scalable Reserves Sundance Reserve Upgrade Since 1 July 2012 Re-evaluation as of 1 January 2013 did not include Eagle Ford assets Proved PV10 increased 47.9M Proved, probable & possible reserve increased 10.0 mmboe Net…
Eagle Ford Major Players Producing Eagle Ford wells color coded by Operator: EOG BHP -Petrohawk Chesapeake Goodrich Cabot Oil Window Chesapeake Swift Talisman GOR < 750 Newfield Chesapeake Anadarko Talisman…
Texas: McMullen County Eagle Ford Activity LEGEND SEA Acreage SEA Shannon EFS 1H 2013 SEA Drilled/Drilling Wells Waiting on completion McMullen 2013 SEA Planned Wells Live Oak Texon Drilled Wells & SEA Completed Sundance…
Sundance Drilling Ahead of Schedule Texons first 5 wells First 4 Sundance Drilled Wells Average Spud to TD =17 days Average Spud to Rig Release = 21 days Average Spud to Spud 15 days faster then expected creating…
Sundance Drilling Performance in the Eagle Ford Controlled flowback and completion design likely resulting in gradual decrease in pressure, steady flow rates, and higher reserves 13
Texas: McMullen County Eagle Ford Wells Eagle Ford McMullen Performance Well Economics Eagle Ford 1,000 Net Locations 90 - 120 Spacing assumption (acres) 80 - 60 Well cost (MM) 9.2 - 10.5 EUR (mboe) 375 - 525 Estimated Liquids (%)…
Anadarko Basin: Basin Logan County Activity SEA Whiteneck Trust N 20-3-12 1SWD Waiting on Completion SEA Whiteneck Trust 20-3-12-1HM Drilling LEGEND SEA Acreage 2012 SEA Logan CO Drilled Wells 2012 SEA SWD Drilled Wells…
Logan County Mississippian Economics Well Cost Rate of Return Sensitivities Logan Average SEA Type Curve (225 mboe) SEA Well Economics County 80 Miss. Lime 70 Net Locations 100 - 150 60 50 Spacing assumption (acres) 160 - 210 IRR…
Funds To Be Used For Increased Pace In Core Areas Incremental Cost/ Cash Net Wells well Used Eagle Ford accelerated development 5.7 8.8 50.2 Savings from reduced Eagle Ford costs (9.8) Woodford/Mississippian accelerated appraisal…
Revised 2013 Development Program and Capital Budget More wells feasible because of faster then expected drilling NET WELLS Cap Ex in Eagle Ford SEA OPERATED Low High Target (M) South Texas - Eagle Ford 16.5 17.7 146.1 Anadarko…
Pro Forma Capital Structure Share Stock 31 March 2013 Placement Purchase Share Option Stock 31 March 2013 in millions 31(unaudited) March 2013 (1) Placement Plan (2) Purchase Exercise Option 31Pro Forma March 2013 in millions…
International Offer Restrictions This document does not constitute an offer of new ordinary shares (New Shares) of the Company in any jurisdiction in which it would be unlawful. New Shares may not be offered or sold in any country outside…
International Offer Restrictions (continued) Section 138 of the Securities Act (Ontario) provides that no action shall be commenced to enforce these rights more than (a) in the case of any action for rescission, 180 days after the date of…
Appendices 23
Calendar 2013 Financial Guidance Production (boe) (1) 951,000 - 1,189,000 Production (boepd) (1) 2,605 - 3,258 December '13 exit rate (boepd) 4,000 - 4,800 % production oil 70% -75% % production natural gas 25% -30% Natural gas…
DJ Basin: Wattenberg Activity LEGEND SEA Acreage SEA Recently Acquired Acreage 10 New Vertical Wells on Production 2012 SEA Drilled Wells 2012 SEA Drilled Wells (not completed as of 31/Dec/12) 2013 SEA Planned Wells Encana…
Williston Basin: Bakken Three Forks Bakken Structure Map Key Reservoir Characteristics: N - depth (11,000 ft) - pressure (.67 psi/ft) - GOR = 1,000 - Oil gravity = 45 API Goliath (Hess) N 50% oil cut e s s Upper Bakken Shale o…
Definitions Reserve Reports Sundance oil prices are based on a NYMEX West Texas Intermediate price of 94.71 per barrel and are adjusted by lease for quality, transportation fees, and regional pricing differentials. Sundance gas prices…
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