Pure Play Eagle Ford Growth March 2017 1 www.sundanceenergy.net
Executive summary Company Overview Ticker SEA (ASX Listed) SNDE (NASDAQ) (3) Share count (ASX) 1,249 million ADR Conversion (Nasdaq) 100:1 South Texas Eagle Ford Market capitalization US132 million(1) Net acres: 42,700 1P…
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…
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 Recent M&A Activity Carrizo Buyer: Carrizo Atascosa SEA Non-Op…
Upper Lower Eagle Ford(1) Lower Eagle Ford Spacing Tests Inventory Locations (gross) 61 Average lateral length 5,911 Type Log (3) Proven tighter Reserves Proven tighter spacing test spacing test Oil EUR 220,533 Wet Gas EUR…
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…
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 & Optimization Plan Individual Well Well Cost IRR at Strip Base (8000' lateral) 5,945,000 21% N 2016 2014 Rig mobilization/demobilization (120,000) 22% Company vs outsourced supervision (160,000) 24% 2015 2016 Well…
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…
Production, Capital Expenditures & Development Plan Production (boed) (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% 8,000 (3.00) 25.0%…
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…
Debt & 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 45 - 40…
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% Trading at 3.7x the midpoint of our estimated 2017 EBITDA of 80…
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…
Appendix 20
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…
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