Sundance Energy Australia Limited (ASX: SEA) SEA Lamb 15C (SEA 100% WI, 82% NRI) Calendar Q1 2012 Earnings Call
Existing Production & Cash Flow SEA Breeden 2-17H Market Summary (SEA 33.75% WI, 27.67% NRI) Market capitalization AU (1) 189.8M Cash (as of 31/3/12) 4.9M Long-term debt (as of 31/3/12) 0 Enterprise value 184.9M Loan…
Assets Located in Premier Oil Resource Plays Williston Bakken/Three Forks Williston Net Acres 9,100 Basin boepd 758 DJ - Niobrara Net Acres 9,000 North Park - Niobrara North Park Basin DJ Basin Net Acres 5,600 Kansas -…
Calendar Q1 2012 Highlights Production growth of 49% driven by higher interest wells Quarterly average of 1,292 boepd March 2012 production rate of 1,512 boepd Revenue increase of 57% quarter-over-quarter to 8.6M Primarily driven…
Material Revenue & Production Growth Production is 80% High-Value Oil Includes 15 days of S Antelope Dailey well (SEA 27.29% NRI) Does not include horizontal Niobrara Breeden well (SEA 27.67% NRI) High interest well program expected…
Calendar Q1 2012 Development Summary Denver-Julesberg Basin Net wells (A) Williston Wattenberg Niobrara Anadarko (B) Other Total Beginning net producing wells 6.8 6.6 0.1 - 0.4 13.9 New additions, Q1 2012 0.6 4.0 0.4 - 0.3 5.3 Ending…
2012 Notable Well Initial Production 24-Hour 30 Day Scheduled Peak IP IP IP Month Basin/Field/Well SEA NRI IP Date (boe) (boepd) Notes DJ Basin Niobrara (expected 200-600 boepd IP): January Noble Krier GV 25-62HN 12.20% 20-Dec-11…
2012 Notable Well (1) Operational Updates Scheduled IP Month Well Sundance Interest Location Status March Henderson 1-28H/33H 6.65% WI; 5.32% NRI Williston - S Antelope Waiting on frac Reached total horizontal depth; May SEA Leon…
Hedge Position SWAPS COLLARS TOTAL Weighted Weighted Weighted Total As a % of Hedge Volume Average Volume Average Average Oil Bbls March 2012 Period (bbls/month) Price (bbls/month) Floor Ceiling Hedged Oil Production 2012 Q2 7,000…
Calendar Q1 EBITDAX Analysis per Unit Oil 88.36 US/bbl Effect of hedging (0.35) US/bbl Net oil 88.01 US/bbl Natural gas 4.81 US/mcf Flared natural gas (1.02) US/mcf Net natural gas 3.79 US/mcf Net price 73.12 US/boe Lease operating…
Williston Assets: Highest Return Areas of the Basin Goliath prospect sale marketing in process LEGEND 4 total rigs currently running between S Antelope & Phoenix SEA Acreage (Operator) N Operation Areas of Major Players Brigham…
DJ Basin Assets: Early Mover - Premium Position N Evaluating early results from horizontal Niobrara Breeden & Krier to plan future development program 4 permits in hand with 10 more in progress for vertical Wattenberg wells Wyoming…
Oklahoma: Mississippian Lime Isopach Map Second half of 2012 permitting, bidding & scheduling in process Actively acquiring additional acreage in current prospect areas South Goltry (SEA) LEGEND Mulhall (SEA) SEA Acreage…
2012 Capital Expenditure Plan Update Est. Cap Net Ex Gross Wells (USM) Wells (NRI) South Antelope 14.1 16 0.9 Phoenix 21.0 16 1.7 Goliath 7.8 11 0.4 Williston Basin 42.9 42.7 3.1 Bull Canyon/Silo 6.1 8 1.2 Twister 3.5 10 0.6 DJ…
Total Capitalization USM Total cap ex 88.9 Cash on hand, 1/1/12 15.1 Niobrara carries 4.5 Existing senior debt borrowing base 25.0 Arriba prospect sale 4.1 Cash flow from 1 Jan 2012 PDP 11.3 Sub-total 60.0 Cash flow from…
Bank of Oklahoma Credit Facility 100M name plate facility based on PDP Reserves Papering borrowing base increase from 18.5M to 25M Borrowing base available for use & re-evaluated up to quarterly Total expected cost of capital…
Summary Premier Premier position in 3 of the top US oil resource plays Acreage Increased Anadarko Basin/Mississippian holdings to 20,563 net acres Average quarterly production of 1,292 boepd Strong March 2012 monthly…
Definitions 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 of Natural Gas to 1 Bbl of Crude…
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