Q1 2015 Earnings Presentation 30 April 2015 1 www.sundanceenergy.net
Company overview Eagle Ford focused asset base Greater Anadarko Mississippian / Woodford Net acres: 33,775 1P reserves: 7.8 mmboe(2) Production: 1,312 boed % operated: 60.6% % WI: 43.2% Counties: Logan, Noble and Garfield…
Quarterly Overview Average production of 9,581 boepd (net of royalties) in the first quarter of 2015 An overall increase of 7% from Q4 2014 Generated revenue of 28.7MM Adjusted EBITDAX of 22.0MM and EBITDAX margin of 77% by…
Production and Revenue Trend Average daily production (boed/6:1) and revenue Increased production to 9,581 Boe/d, 12,000 50,000 net of royalties, an increase of 649 45,000 Boe/d (7 percent) compared to 4Q14 10,000 40,000 35,000…
Adjusted EBITDAX Trend EBITDAX and EBITDAX margin Despite lower commodity prices during the quarter, 40,000 100% Adjusted EBITDAX Margin remained high (76.7%) as 35,000 compared to full year 2014 (79.1%) 80% 30,000 25,000 60% Total…
Liquidity and hedging Pro forma cash flow and liquidity Hedging Oil Derivative Contracts Gas Derivative Contracts 2015E Weighted Average Weighted Average millions Bbls Floor Ceiling Mcf Floor Ceiling Consensus EBITDAX 100.8 1H 2015…
Core Eagle Ford assets drive growth through cycles 33,000 net mineral acres targeting the Eagle Ford Eagle Ford operator with substantial, high-quality drilling inventory and significant production growth profile 38,500 net acre…
Asset overview Eagle Ford McMullen Area Project Summary McMullen Area Eagle Ford well control Net acres 14,000 Well cost 5.8 - 7.5 million EUR (mboe) 509(1) Estimated oil 65% - 80% LOE per boe 4.50 - 5.50 LEGEND SEA Acreage…
Asset overview (contd) Eagle Ford Dimmit Well economics Dimmit Eagle Ford well control Net acres 19,000 Well cost 5.0 - 7.5 million EUR (mboe) 483(1) Estimated oil 55% - 60% LOE per boe 5.00 - 7.00 Source: Company filings and…
Eagle Ford portfolio return sensitivities Average Netherland Sewell & Associates 2P type curve(1) McMullen County Eagle Ford Dimmit County Eagle Ford NSAI 2P Type Curve NSAI 2P Type Curve 347.5 mbo, 57.5 mbngl, 624.5 mcf 268.7 mbo,…
2015 Operating Strategy Cost driven strategy that will create superior shareholder returns during low price environment Maximize balance sheet flexibility Low leverage profile…
Appendix 14 www.sundanceenergy.net
Reserve report footnotes and definitions Operating costs used in this report are based on operating expense records of Sundance. Capital costs used in this report were provided by Sundance and are based on authorizations for…