Sundance Energy Australia Limited (ASX: SEA) October 2014 Execute Deliver Grow
Assets in Leading US Liquids Basins Ticker: SEA (ASX Listed) 2014 Consensus EBITDAX: 142 million(1) Share count: 549.2 million Proved reserves: 14.7 mmboe (64% oil)(3) Market capitalization: A643 million 3P reserves: 78.9 mmboe (52%…
Quarterly Overview Monetized DJ and Williston Basin positions freeing up 128 million to invest in growing the business Average production of 7,035 boepd (net of royalties) in the third quarter of 2014 An overall increase of 21% from…
Production and Revenue Trend Increased production by 1,237 boepd (21%) compared to Q2 2014 Excluding DJ and Bakken, production increased 1,878 boepd (39%) from Q2 2014 Production in line with Company expectations of achieving…
Adjusted EBITDAX Trend EBITDAX margin increased to 78% from 62% in Q3 2013 Lease operating costs declined to 5.96/boe from 12.78/boe in Q3 2013 Decline driven primarily through efficiencies generated from restructuring our Eagle…
Liquidity and Capital Expenditures Liquidity and cash flow Development capital expenditures (million ) (million ) Cash 50.9 YTD 30 September 2014 development cap ex 234 Net non-cash working capital (23.7) Estimated Q4 2014…
Eagle Ford Project Increased to 20,000 Net Acres 9
2014 Wells Outperform 2013 Wells by 30% per Foot 1,000 Normalized BOE/d 100 10 1 2 3 4 5 6 7 8 9 10 11 12 13 Months on Production 375 MBOE Type Curve - 5,500 foot lateral 525 MBOE Type Curve - 7,000 foot lateral 2013…
McMullen Project Overview Well economics (1) McMullen Area Eagle Ford well control Well Economics McMullen Gross (net) locations 180 (127.5) Spacing assumptions 40 80 acres Well cost 7.5 - 9.5 million EUR (mboe) 375 - 525…
Dimmit County Overview Well economics (1) Dimmit Eagle Ford well control LEGEND Well Economics Dimmit SEA Acreage Gross (net) locations 115 (69) Anadarko Eagle Ford Wells Chesapeake Eagle Ford Wells Murphy Eagle Ford Wells…
Mississippian/Woodford Overview 14
Mississippian Zipper Fracs Initial production rates increased by 19% in the Mississippian Increase efficiency with potential to drive well cost to 3.0-3.3 million 250 MBOE Curve AVERAGE 1000 100 BOEPD 10 1 0 100…
Mississippian LOE Reduction (3 month trailing average) Strategically located salt water disposal wells Electric lines on 85% of production facilities Aggressive use of rod pumps vs. higher cost electric submersible pumps Completion…
Logan County Mississippian Lime Economics Rate of Return Sensitivities 3.5 MM Well with 65% Oil 100 90 80 70 IRR (%) 60 50 40 30 20 10 0 75 85 95 105 Nymex Price/Bbl 3% Discount to WTI; 4.25/Mcf flat; no NGL's 200…
Activity Pipeline New Mississippian well results Q115 Additional results from new Eagle Ford completion designs Q115 Continued Growth in Eagle Ford Acreage/ Drilling Inventory (currently 20,000 net acres) Reserve upgrade…
Appendix 20
Experienced Board and Management Board of Directors Management Eric McCrady, Managing Director & CEO Mike Hannell, Chairman Previously CFO of Sundance Energy. More than 15 years entrepreneurial 45 years experience in upstream and…