Sundance Energy Australia Limited (ASX: SEA) Fiscal Fourth Quarter 2011 Results
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 thousand barrels of oil equivalent, using the ratio of 6 Mcf of Natural Gas to 1 Bbl of Crude…
Fourth Quarter 2011 Overview Strong financial results from high oil prices and production increases over the past 12 months despite fourth quarter production decrease due to completion delays Accelerating activity around the…
Fiscal 4th Quarter 2011 Financial Overview Producing well count increased by 10 gross (0.2 net) wells to 106 gross (10.5 net) producing wells at 30 June 2011 from 96 gross (10.3 net) at 31 March 2011 Daily production rates during…
84% Growth In Operating Margin per boe 5
Production Growth From Developmental Drilling 6
Fiscal Q4 2010/2011 Production Decline Completion & drilling delays drive production decline 0.81 net Williston wells and 2 net DJ Basin Wattenberg wells awaiting completion at quarter end compared to forecast of 0.41 net Williston…
Fiscal 4th Quarter 10/11 Production Decrease COMPLETED: Thompson 1-29/32H 05/08/11: Gabbert 4-2-1H 10/08/11: Johnson 1-4-9H 12/08/11: Kirkland 13-23H TBD: Bear Den 5-31H COMPLETED: Foss Trust 156-97-3526H1 COMPLETED: Knudsen…
S. Antelope Initial Production Rates 9
Goliath Initial Production Rates 10
Phoenix Initial Production Rates 11
Substantial Activity in Niobrara Oil Shale The DJ Basins Wattenberg Field has cumulative production in excess of 3 TCF and 400 million barrels of oil (source: Oil & Gas Investor, July 2009). The Wattenberg is currently producing…
Bull Canyon/Silo Permitting Underway SEA operated prospects (36% equity interest) SEA farmed down interest to Halliburton and Macquarie for 2.4M in cash, 3.9M in carried capital expenditures, and reversionary rights if…
Twister Prospect Development Commencing Noble, our primary operator on Twister, is expecting to drill the first well in calendar 4th quarter of 2011 (SEA equity interest of 15%) EOG, a secondary operator on Twister, has…
Liquidity for Growth or Protection Finalized 100M Bank of Oklahoma senior credit facility with 4 year term 10M initially available with increases tied to PDP reserves Interest rate, depending on outstanding borrowings, LIBOR + 225…
Sundance Energy Australia Limited (ASX: SEA) Questions
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