Sundance Energy Australia Limited (ASX: SEA) EOG Operated Jacksons Draw 5-11H Horizontal Niobrara (SEA 3%) December 2011 Corporate Presentation
Agenda Company overview 2012 Capital Forecast Williston Basin Denver-Julesburg Basin Mississippian Appendix 2
Company Overview 3
Executing Strategic Plan Superior financial returns Early mover in several of the top North American resource plays Organic growth, primarily through leasing Experienced technical & management team with a proven track record…
Company Overview Market capitalization AU (1) 117.8 Cash (as of 9/12/11) 15.1 Long-term debt (as of 9/12/11) 0 Enterprise value 102.7 Proved Reserves (mmboe) (2) 6.2 Percent Oil 79% 3P Reserves (mmboe) (2) 26.2 Percent Oil…
Company Operations (Fiscal Q1 12 Production) Williston Basin Acreage 8,700 boepd 758 Williston Basin Pawnee DJ Basin Niobrara Acreage 4,400 North Park Niobrara North Park Acreage 9,000 boepd 9 Basin Acreage 5,600 DJ Basin…
2012 Capital Forecast 7
Calendar 2012 Capital Plan Est. Net Cap Ex Gross Wells (USM) Wells (NRI) South Antelope 11.1 16 0.7 Land & Phoenix 18.3 16 1.7 other, Goliath 2.3 9 0.2 13.7M Williston Basin 31.6 41 2.6 Williston Bull Canyon/Silo 6.1 8 1.2 Basin,…
Calendar 2012 Cap Ex Funding Top Funding Risks* USM 1. Accelerated development pace Total cap ex 76.5 - Phoenix prospect Cash on hand 15.1 Niobrara carries 4.5 26+ potential gross wells Existing senior debt borrowing base 18.5…
North American Dual Listing Update Completed investigation of dual listing Key considerations of dual listing Cost associated with initial and ongoing regulatory compliance Ability to comply with additional regulatory requirements…
Williston Basin 11
Premium Williston Basin Acreage Position (Source: Tudor Pickering Holt & Co, 2011) Sundance acreage in yellow 12
Williston Continues to Provide Extraordinary Risk Adjusted Returns S. Antelope/Phoenix 1280 ac Horiz. Bakken/Three Forks Well Economic Sensitivity (Legend = Drilling & Completion Costs) 110.0% 100.0% 100.0% 100.0% 100.0%…
Active Development Across Williston Basin 1 July 18 Nov 2011 Total New Initial 2011 Total Waiting NET REVENUE INTEREST Producing Production Producing Drilling on Frac Fraccing S. Antelope 3.3 0.2 3.5 0.1 0.1 0.1 Phoenix 1.7 0.1 1.8 0…
Denver-Julesberg Basin 15
DJ Basin Operations Picking Up Horizontal Niobrara Silo 8,992 net acres with potential for 19 Silo risked net horizontal wells on 320 acre SM Atlas 1-19H spacing IP 800 BPD & 698 MCFD 1st Qtr 2012 SEA Butler 2-4H Sundance…
Horizontal Niobrara Overview IRR Sensitivities Industry activity 275,000 boe per well 100.0% Carrizo: 80.0% 7 producing wells around our Twister prospect 60.0% (650-725 boepd IPs) 40.0% Noble: 20.0% has drilled 75 horizontal…
DJ Basin Wattenberg Mature field with 50+ years of successful development Technical advances have continued to expand production and reserves out of the basin For example, Anadarko recently stated they expect to recover 500M…
Mississippian 19
High Value Mississippian Lime Play Opened Oklahoma office July 2011 South Goltry , Alfalfa County, OK Closed on 900 acre acquisition South Goltry Projected Low Base High Economics Case Case Case Aggressive leasing program in Gross…
Appendix 21
Management Biographies Eric has over 15+ years of entrepreneurial experience in corporate finance including 5 years in the US Eric McCrady energy industry with The Broe Group, a Denver, CO based private investment firm and its energy…
Definitions (all in US unless otherwise noted) boe is defined as barrel of oil equivalent, using the ratio of 6 Mcf of Natural Gas to 1 Bbl of Crude Oil; mboe is defined as a thousand barrels of oil equivalent, using the ratio of 6 Mcf…
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