Annual General Meeting 27 May 2016 1 www.sundanceenergy.com.au
Company Overview Eagle Ford focused asset base Greater Anadarko Mississippian / Woodford Net acres: 18,200 1P reserves: 1.8 mmboe(2) 2015 prod: 1,100 boed Current prod: 700boed(1) Locations: 367 gross & 128 net % operated:…
Financial Review 5
Financial Review - 2015 Cash Operating Cost declined to 14.21 per Boe, down 0.99 per Boe from 2014 Lease operating expenses increased to 6.96 per Boe, up 15.4% from 2014 LOE increased primarily due to the cost of treating natural gas…
Financial Review - 2015 Adjusted EBITDAX as a percentage of revenue was 70.3%, only 8.8% lower than 2014 A strong Adjusted EBITDAX Margin was maintained as a result of various cost reduction initiatives Adjusted EBITDAX declined to…
Financial Review Q1 2016 Cash Operating Cost of 12.26 per Boe - a further reduction of 1.95 per Boe from FY2015 Lease operating expenses decreased to 5.79 per Boe, down 1.17 from full year 2015 Decrease is primarily due to several…
Financial Review Q1 2016 Oil, natural gas and NGL revenue was 11.3 million Realised price decreased to 21.86 per Boe, down by an additional 37.1% from full year 2015. Sales volumes decreased to 5,656 Boe/d, down by 22.2% from full…
Financial Review Q1 2016 Reduced Accounts Payable and Accrued Expenses Accounts payable and accrued expenses were reduced by 77.7 million during 2015 and an additional 7.8 million in Q1 2016. These decreases were funded primarily…
Asset Overview 11
Asset Overview Eagle Ford Sundance holds a 40,000 net acre position in South Texas targeting the Eagle Ford formation Current production of 5,600 boed(2) 1P reserves of 24.4mmboe(1) 1P PV-10 of 227mm(1,3) PDP PV-10 of 145mm(1)…
Asset Overview McMullen, Atascosa and Live Oak Counties Premier Western Eagle Ford Position Active Eagle Ford Operators 69 PDP wells Chesapeake Sundance acreage Refrac program expected to begin Q3 2016 Conoco SEA-CHK JV acreage…
Asset Overview Dimmit County Upside in Dimmit County Eagle Ford Structure Map with active Operators Substantial oil in place creates 2 distinct targets Ammann EFS 1HA & 2HA 330 inter-well spacing in chevron pattern Ammann EFS 1HA…
Operations Review 15
Operations Review 2015 Production Achieved record production of 7,915 Boe/d, which includes 648 Boe/d of flared production, up 19.3% from 2014 Capital Expenditures Executed down-cycle development plan to limit drilling, completion…
Operations Review 2015 Reserves Despite further reductions to oil prices through 2015, the Companys 1 January 2016 Total Proved Reserves(1) of 26.2 MMBoe increased slightly as compared to Total Proved Reserves as at 1 January 2015…
Operations Review Q1 2016 Production Production of 6,304 Boe/d, including 648 boe/d of flared production, down 20.4% as compared to full year 2015. Production declined as a result of the decision to defer well completions during…
Guidance and Liquidity 19
Guidance and Liquidity CapEx and Production Guidance The 2016 capital program of 45.0 million, is expected to be funded with cash flow from operations and result in average production of 6,800 7,400 Boe/d for the year. Borrowing…
Management Team Eric McCrady, Managing Director & CEO Eric was appointed CEO in April 2011 and Managing Director of the Board in November 2011. He served as CFO from June 2010 until becoming CEO. Eric has over 15 years of entrepreneurial…
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