Sundance Energy Australia Limited (ASX: SEA) May 2013 May 2013 Transformational Growth through the Drill Bit
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 Over 100 high quality drilling locations in the Eagle Ford Material acreage position targeting the Mississippian & Woodford High…
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…
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…
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 Accelerated…
Production Tracking In-Line with Guidance Potential upside in reduced spud to IP cycle times 2013 Production Guidance 6,000 5,000 4,000 boepd 3,000 2,000 1,000 - Base Case Upside Case 9
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 Shannon EFS 1H SEA Acreage Waiting on completion 2013 SEA Drilled/Drilling Wells McMullen 2013 SEA Planned Wells SEA Peeler Ranch EFS 1H Live Oak Sundance Energy (SEA)…
Sundance Drilling Ahead of Schedule Horizontal Eagle Ford Wells 0 Texons Peeler EFS 1H5 wells first 1000 Quintanilla SM EFS 1H 2000 Hoskins EFS 3H 3000 Hoskins EFS 4H 4000 Hoskins EFS 2H 5000 Teal Ranch EFS 2H First 5…
Maximizing Value Drilling Drilling faster Continuous program PDC bit and short bend motor allowing us to drill vertical and curve sections of wellbore at a faster p-rate with one assembly as versus two assemblies Using an agitator…
Texas: McMullen County Eagle Ford Wells Eagleford McMullen Performance Well Economics Eagle Ford 1,000 Net Locations 90 - 120 Spacing assumption (acres) 60 80 900 Well cost (MM) 8.0 - 9.0 800 EUR (mboe) 400 - 600 700 Estimated…
Anadarko Basin: Logan County Showing Promising Results SEA Whiteneck 20-3-12-1SWD Waiting on Completion LEGEND N SEA Whiteneck 20-3-12-1HM SEA Acreage Waiting on Completion SEA Kightlinger 19-3-8-1HM 2012-2013 SEA Logan CO Drilled…
Logan County Mississippian Economics Well Cost Rate of Return Sensitivities Average SEA Type Curve (225 mboe) SEA Well Economics Logan County 80 Miss. Lime 70 Net Locations 100 - 150 60 Spacing assumption (acres) 160 - 210 50 Well…
Activity Pipeline Continued high interest well results in the Eagle Ford, Mississippian and Woodford Mid-year reserves re-evaluation mid-Q313 SPUD to IP cycle time update and production guidance review mid-Q313 Core area…
Appendices 18
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…
Hedge Position to Protect Invested Capital Total Volume Hedged Type Commodity Basis Floor Ceiling Jul - Dec 2013 Cal 2014 Swap Oil (bbls) West Texas Intermediate 99.00 99.00 12,000 - Collar Oil (bbls) West Texas Intermediate 90.00…
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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