Eagle Ford Focused Growth December 2016 1 www.sundanceenergy.net
Executive summary Company Overview Ticker SEA (ASX Listed) (4) SNDE (NASDAQ) Share count (ASX) 1,249 million ADR Conversion (Nasdaq) 100:1 South Texas Eagle Ford Market capitalization US186 million Net acres: 46,000 1P reserves:…
Executive summary Key investment highlights High quality, producing Premier position encompassing 46,000 net acres in the Eagle Ford Substantial development inventory with 430 gross (353 net) total undrilled Eagle Ford locations…
Eagle Ford Core position in the western Eagle Ford Sundance holds a 46,000 net acre position in South Texas targeting the Eagle Ford 1P reserves of 27.4mmboe(1) 1P PV-10 of 251mm(1,2) PDP PV-10 of 164mm(1) 430 gross (353 net)…
Asset Overview McMullen, Atascosa and Live Oak Counties Premier Western Eagle Ford Position Active Eagle Ford Operators 87 net PDP wells Sundance acreage EGFD Producers Cabot Refrac program completed Q3 2016 SEA Non-Op acreage…
McMullen County Operator Comparison Operational excellence 400 3,000 Median BOEPD, 1st 180 days(1) McMullen County peer review 300 utilizing public data from 2,000 lbs prop/GPI [/ft] BOEPD approximately 500 recent 200…
Eagle Ford Play Economics McMullen County Type Curve Normalized Performance(2) McMullen Type Curve Oil EUR , MBO 390 EUR , MBOE 476 IP , bo/d 611 Well Cost , M 5,670 Operating Expenses , /boe 1.50 3.11 Type Curve IRR Price…
Asset Overview Dimmit County Upside in Large Contiguous Position Potential Full-Development on 330 Chevron Pattern Substantial recoverable oil-in-place Program targeting two distinct targets in the Lower N 2016 Eagle Ford 2014…
Eagle Ford Play Economics Dimmit County Dimmit Type Curve Type Curve Cumulative Oil Production (2) 250 SEA & Offset Operators Type Curve Cumulative Oil Production (MBbl) Oil EUR , MBO 260 200 EUR , MBOE 529 150 100 IP ,…
Capitalization Net Debt(1) Eagle Ford Peer Group(2) Leverage Ratio(3) Q2 2016 millions 7.0 6.2 Revolver debt 67.0 6.0 Term debt 125.0 4.7 5.0 4.6 Total Long Term Debt 192.0 4.0 3.3 3.4 Cash 20.0 3.0 2.6 2.0 Net Debt 172.0…
Guidance Production (boed) Oil, Gas and NGL Price Differentials(1) 12,000 (5.00) 35% Oil & Gas Differential () NGL Price as a % of WTI 10,000 30% 600 (4.00) 25% 8,000 (3.00) 20% 6,000 9,300 (2.00) 15% 4,000 7,915…
Cost Benchmarking Capital Expenditures per Well* Peer Group(1) Capital Expenditures per Well* 6.0 5.5 8.0 0.4 4.7 7.0 5.0 4.6 0.4 0.4 7.0 4.0 5.8 3.1 6.0 M 3.0 2.7 2.7 5.0 4.4 4.3 4.1 4.0 3.9 2.0 3.7 M 4.0 1.0 1.9…
Summary High IRR development in existing Company assets Development and acquisition plan expected to add 12.3 mmboe of Proved Reserves by year-end Q4 2016 estimated production of 9,300 9,900 boepd(1) 20 million liquidity at…
Executive summary 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…
Asset overview Mississippian Lime - Woodford Overview Key Points Mississippi Lime Woodford Operators 32,000 gross acres / 19,400 net acres 82% of developed acreage position is operated Average operated WI of 87.6% / NRI of 70.6%…
Hedge Summary HEDGE CONTRACTS PRICING OIL Boe Bbl Per Day Floor Ceiling 2017 930,000 2,548 Bbls of oil hedged for 2017 49.14 58.73 2018 456,000 1,249 Bbls of oil hedged for 2018 49.98 58.61 2019 300,000 822 Bbls of oil hedged…
Reserve summary(1,2) Net proved reserves as of 1 January 2016 Oil NGL Gas Total PV-10 (mbbls) (mbbls) (mmcf) (mboe) (mm) PDP Texas 6,124 1,652 11,362 9,670 145.3 Oklahoma 595 545 3,213 1,675 15.5 Total PDP 6,719 2,197 14,575…
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