Sundance Energy Australia Limited (ASX: SEA) August 2011 Corporate Presentation
Company Overview 7 year track-record of early entry into onshore U.S. shale resource plays with approximately 90% of revenue from oil Growth through the drill bit in the Williston Basin with DJ Basin Niobrara activity picking…
Low Cost Entry into Top US Oil Shales 5
Current Cash Flow and Drilling Locations in Williston Basin 6
Calendar 3rd Quarter Production Growth from Behind Pipe Completions 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…
Substantial Activity in Niobrara Oil Shale 9,600 acres in the heart of the DJ Basin Niobrara play including operated acreage offsetting Silo field and Hereford Ranch with reserves to be booked starting with June 30, 2011 reserve…
Southern DJ Basin Exploration Project 40,000 acres prospective for multiple conventional and shale targets including the Atoka, Cherokee and Niobrara Industry Niobrara activity picking up in area but unexplored to date on…
Mid-Continent Update and Growth Completed short reach dual-lateral in Pawnee Shale in Kansas with good drilling results; awaiting production results for evaluation Opened Oklahoma City office to expand business in Kansas and…
Production Growth From Developmental Drilling Slight production decline due to completion delays in Williston Basin expected to reverse in fiscal 1st quarter 2011/2012 (calendar 3rd quarter 2011) 11
Strong Operating Performance (AUD) 84% growth in cash margin per boe to 50.29/boe 12 month trailing cash operating income of 11.7M 2 year average PV/I(1) of 1.81 demonstrating low cost entry into top resource plays generating…
Liquidity & Cash Flow Protection Finalized 100M Bank of Oklahoma senior credit facility with 4 year term and accepted 10M initial borrowing base at LIBOR +225 300 bps depending on borrowing level AU23.8M cash with AU7.5M in…
Attractive Fundamentals for Price Appreciation Strong financial performance during the quarter with significant increases in production, revenue and cash flow 6.7 mboe of oily Proved Reserves primarily in the Williston Basin…