SundanceEnergyAustraliaLimited(ASX:SEA) February 2013 FocusedStrategyDeliveringResults
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…
Focused Strategy Delivering Results Premier position in 3 of the leading US oil resource plays Premier acreage Material acreage position in the Mississippian & Woodford High interest, Company operated drilling program in 2013…
Diversified Assets in Leading US Liquids Basins Williston Basin Bakken/Three Forks Net Acres 4,800 3P Reserves (mmboe) (1) 12.4 DJ Basin Niobrara/Codell Wattenberg Net Acres 4,500 Greater Anadarko N. Niobrara Net Acres…
High Quality, Scalable Reserves Proved and probable reserves are approximately 80% oil Uplift in reserves is set to drive SEAs future growth Net to Net to Net to Sundance Texon proposed Energy (2) Petroleum (3) combined entity…
Portfolio in Leading Onshore US Resource Plays 55% Basin IRR's Futures Strip as of 28 September 2012 60% 52% 51% 49% 50% 42% 40% 36% 35% 35% 34% 33% 40% 30% 30% 27% 26% 23% 30% 21% 20% 20% 19% 17% 17% 17%…
Company Operated Production Accelerating December 2012 exit rate of 1,266 boepd within guidance range Wattenberg gas line upgrade 50% complete with 11 vertical wells awaiting completion or connection (average 30 day IP of 39…
Company Operated High Impact Development Plan NET WELLS Cap Ex Low High Target (M) COMPANY OPERATED DJ Basin - Wattenberg Vert 10.0 25.0 7.5 South Texas - EFS 10.8 12.0 105.8 Anadarko Basin - Miss/Wdfrd 6.7 12.0 29.8 Sub-Total SEA…
Anadarko Basin: Basin Logan County Activity BD McKee LEGEND 1-36H IP = 505 boepd N Stratigraphic Column For SEA Acreage (24-h) Ave. Depth Logan County 5,900 ft DVN Smith 2012 SEA Logan CO Drilled Wells 1-14WD 2012 SEA SWD…
SEA Logan County Mississippian Performance SEA SEA Branson Devon SEA Logan Operated Wells vs. Multi-County* Kightlinger 17-4-23-1HM Hopfer Mississippian Well Performance 19-3-8-1HM 1-17H 10,000 WI (%) 87.45 100 14 NRI (%) 69.18…
SEA Kightlinger 19-3-8-1HM Performance Kightlinger 19-3-8-1HM Well Performance 10000 1000 Bbl/d; mcf/d 100 10 Oil Production Gas Production Water Production 1 October 10, 2012 November 10, 2012 December 9, 2012…
Logan County Mississippian Economics Well Cost Rate of Return Sensitivities Average SEA Type Curve (225 mboe) 80 Logan 70 SEA Well Economics County 60 Miss. Lime 50 Net Locations 100 - 150 IRR (%) 40 30 Spacing assumption…
SEA Wattenberg Vertical Program Performance SEA Well Performance vs. Major Operators SEA Wattenberg Operated Type Curve 80 70 70 60 60 50 50 40 BOE/d BOE/d 40 30 30 20 20 10 10 0 0 4 8 12 16 20 24 28 0…
SEA Wattenberg Vertical Program Performance Rate of Return Sensitivities SEA 2012 Estimated 0.85 MM Well SEA Vertical Economics Development Guidance 70 Program Range 60 Net Locations n/a 200 - 325 Spacing assumption (acres) n/a…
Upside in Potential Wattenberg Horizontal Program Wattenberg Niobrara HZ Well SEA Well Economics HZ Niobrara Performance 900 Net Locations 36 - 80 Spacing assumption (acres) 20 - 40 800 Well cost (MM) 5.1 - 5.6 700 EUR (mboe) 300…
Eagle Ford Overview Prolific onshore US oil and liquids resource play 236 rigs according to Baker Hughes as of 25 January 2013 High oil content and liquids content Typical IRRs of 52% (Credit Suisse Equity Research) Access to higher…
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 (%)…
Texas: Eagle Ford (Texon) LEGEND MUR Tyler 2H 434 boed (24 hr) Texon Acreage Texon Drilled Wells Texon (2nd Half 2012 Drilled Wells) 2013 SEA Planned Wells Industry Drilled Eagle Ford Wells SFY SM Ranch EF 4H 1,179 boed (24…
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…
Williston Basin: Phoenix - Bakken Three Forks Yearly Performance Phoenix Area SEA Well Economics Phoenix 1,000 Net Locations (at 160 acre spacing) 18 19 Well cost (MM) 9.5 - 10.5 EUR (mboe) 600 - 900 Estimated Liquids (%) 85 30 Day…
Williston Basin: Goliath - Bakken Three Forks Yearly Performance Goliath Area SEA Well Economics Goliath Net Locations (at 160 acre spacing) 17.5 - 18.5 1,000 Well cost (MM) 9.0 - 10.0* EUR (mboe) 450 - 525 Estimated Liquids (%) 80…
Focused Strategy Delivering Results Premier position in 3 of the leading US oil resource plays Premier acreage Material acreage position in the Mississippian & Woodford High interest, Company operated drilling program in 2013…
Track Record of Value-Adding Transactions Transaction Prospect Basin Date Value IRR Comments (US) Ashland Prospect Late Entire interest sold following Arkoma 46.4M 78% (Woodford) 2007 re-adjusted focus to oil acreage Acquired…
Texon Merger on Track with Initial Timeline Indicative time table: Event Date Scheme Implementation Agreement signed Scheme booklet lodged with ASIC for review First Court hearing Scheme Booklet dispatched Texon Scheme…
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