Pure Play Eagle Ford Growth March 2017 1 www.sundanceenergy.net
Executive summary Company Overview Oklahoma asset sale announced Ticker SEA (ASX Listed) 3/1/17 for 18.5MM expected to close in Q2 2017 SNDE (NASDAQ) Share count (ASX) 1,249 million ADR Conversion (Nasdaq) 100:1 South Texas…
Executive summary Key investment highlights Premier position encompassing 42,700 net acres in the Eagle Ford High quality, producing Substantial development inventory with 419 gross total undrilled Eagle Ford locations Eagle Ford…
Eagle Ford Core position in the western Eagle Ford Sundance holds a 42,700 net acre position in South Texas targeting the Eagle Ford 1P reserves of 32.2 mmboe(1) 1P PV-10 of 325 mm(1,2) PDP PV-10 of 199 mm(1) Approximately 419…
Production, Capital Expenditures & Development Plan Production (boed) 70% Oil/12% NGLs(1) Oil, Gas and NGL Price Differentials(1) 10,000 (4.00) 35.0% Oil & Gas Differential () 800 NGL Price as a % of WTI (3.50) 30.0%…
2017 Operations Status Drilling QTD Operations(1) vs Q1 Guidance 3 rigs operating in Q1 8.00 6 wells SPUD with 2017 drilling plan expected to be 7.00 completed by May 2017 Completions 6.00 Schlumberger contract for 14 well…
Balance Sheet & Hedges Net Debt millions Revolver debt 67.0 Term debt 125.0 Total Long Term Debt 192.0 Pro Forma Cash(1) 39.3 Pro Forma Net Debt 152.7 Oil Hedges (2) 800,000 65 60 600,000 55 400,000 50 200,000…
Asset Overview McMullen, Atascosa and Live Oak Counties Premier Western Eagle Ford Position Active Eagle Ford Operators SEA acreage EGFD Operators 87 EGFD PDP wells Carrizo Atascosa SEA Non-Op acreage Chesapeake 13 wells planned…
Asset Overview Upper Lower Eagle Ford (ULEF) Lower Eagle Ford Spacing Tests Type Log (3) Proven tighter spacing test Proven tighter spacing test ASTN McMullen Live Oak UEGFD 2.5 miles LEGFD N Lower Eagle Ford…
Asset Overview Dimmit County Upside in Large Contiguous Position Active Eagle Ford Operators Substantial recoverable oil-in-place SEA acreage EGFD Operators Program targeting two distinct targets in the Protg acquired acreage…
Asset Overview Dimmit County Optimization Upper Individual Well EGFD Well Cost IRR at Strip Lower Base (8000' lateral) 5,945,000 21% EGFD Rig mobilization/demobilization (120,000) 22% Company vs outsourced supervision…
Summary Accretive drilling inventory with 419 remaining Eagle Ford locations with PV-10 breakeven of 27.64-38.25 Projected year over year production growth of 25% Low cost structure with 12-12.50/boe cash operating costs and…
Appendix 15
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…
Reserve Summary NYMEX Strip (varying) Pricing Natural Gas Oil/Condensate Natural Gas PV9 (US) PV10 (US) PV10 (A) Liquids Mbbls Mbbls MMcf Mboe M M M Proved developed producing 7,841 2,463 18,022 13,308 220,394 213,318 296,000…
Hedge Summary HEDGE CONTRACTS (1) PRICING OIL Boe Bbl Per Day Floor Ceiling 2017 758,000 2,477 Bbls of oil hedged for 2017 49.07 58.88 2018 492,000 1,348 Bbls of oil hedged for 2018 49.25 59.12 2019 300,000 822 Bbls of oil…
Lower Lower Eagle Ford (LLEF) McMullen/Atascosa/Live Oak (McMullen Area) Type Curve Normalized Performance(2) Inventory Locations (gross) 96 Average lateral length 6,280 Reserves Oil EUR 323,725 Wet Gas EUR 1,497,600 IP30 (oil)…
Upper Lower Eagle Ford (ULEF) McMullen/Atascosa/Live Oak (McMullen Area) Inventory Lower Eagle Ford Spacing Tests Locations (gross) 61 Average lateral length 5,911 Type Log (3) Proven tighter Reserves Proven tighter spacing test…
McMullen 2016 Re-Frac Program Results Entered into a strategic alliance with Schlumberger to refrac 5 EGFD wells in McMullen in Q3 2016 Initial results are very positive with refrac performance exceeding the base forecast…
Refracs(1) McMullen/Atascosa/Live Oak (McMullen Area) Inventory Locations (gross) 35 Type Curve Average lateral length 6,500 Reserves Oil EUR 77,967 Wet Gas EUR 107,279 IP30 (oil) 163 IP30 (wet gas) 179 NGL Yield (bbls/mmcf) 76…
Dimmit Economics(1) Inventory Locations (gross) 262 Average lateral length 8,000 Reserves Oil EUR 251,222 Wet Gas EUR 1,256,109 Type Curve Cumulative Oil Production (2) IP30 (oil) 298 250 IP30 (wet gas) 1,491 Cumulative…
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