Pure Play Eagle Ford Growth July 2017 1 www.sundanceenergy.net
Executive summary 43,800 acre core position in the western Eagle Ford Dimmit Position McMullen/Live Oak/Atascosa Position Targeting: Eagle Ford Targeting: Eagle Ford Net acres: 19,000 Net acres: 24,800 Gross operated wells…
Executive Summary Company Strategy Pure play Eagle Ford aggregator Eagle Ford position has grown to 43,800 net acres since entering basin in 2013 Continue upgrading inventory by aggregating assets with returns in the top half of…
2017 Development Plan 12 of 14 net wells in McMullen Area 12.0 50.0 45.0 10.0 40.0 35.0 Capex millions Drilling completed for 2017 8.0 30.0 Net Wells 6.0 25.0 Teal-Hoskins and Liberstat pad completions finished with…
2017 Development Plan 14 net well IPs drive production growth 10,000 8,000 Q2E increased to 6,200-6,300 boe/d. 6,000 boe/d 4,000 Q3 production growth driven by 6 net well IPs in July 2017 2,000 Production mix 70%…
2017 Development Plan YTD well results significantly outperforming type curves Atascosa 2016 2017 - CUM OIL Performance Dimmit 2016-2017 - CUM OIL Performance 15 8 12 6 New completion design Normalized CUM OIL , bo/ft…
2017 Development Plan Cost structure 35.00 30.23 29.77 30.00 24.27 25.00 F&D cost increase due to higher costs on new frac design per boe modelled against recoveries from old designs 20.00 15.00 10.00 Production growth…
Balance Sheet & Hedges Net Debt millions 16.6 million net proceeds from OK asset sale Revolver debt 67.0 closed in Q2 2017 Term debt 125.0 Total Long Term Debt 192.0 Borrowing base re-affirmed after sale of OK assets with 14…
Asset Overview McMullen, Atascosa and Live Oak Counties Proven track-record of improving results Eagle Ford producing wells Sundance acreage 277 gross (233 net) remaining locations with 35 net SEA Non-Op acreage remaining refrac…
Asset Overview Dimmit County Upside in Large Contiguous Position Eagle Ford producing wells 260 gross (228 net) remaining locations with proven stagger stack development SEA acreage Shook EFS 11H 14 EGFD PDP wells IP: 742 boe/d…
Eagle Ford Inventory Analysis Remaining Drilling Locations(1) SEA Drilling Inventory 180 60 160 149 Gross 126 Net 50 132 Gross 140 128 Gross 128 Gross Net Present Value 10% Discount Break-Even Price (/bbl) 116 Net 107…
Summary 9,000-10,000 boe/d production rate (exit rate) 4 McMullen well IPs (Aug-Sep 2017) 3 well Liberstat pad IP (July 2017) 3 well Teal-Hoskins pad IP (July 2017) Peak rates from new Dimmit completion designs (June…
Appendix 14
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…
Board of Directors Mike Hannell, Chairman 45 years experience in upstream and downstream petroleum industry. Previously held senior positions with Santos Ltd and Mobil Oil. Eric McCrady, Managing Director & CEO Previously CFO of…
Hedge Summary HEDGE CONTRACTS (1) PRICING OIL Boe Bbl Per Day Floor Ceiling 2017 480,000 2,609 Bbls of oil hedged for 2017 48.73 58.02 2018 684,000 1,874 Bbls of oil hedged for 2018 49.77 57.84 2019 360,000 986 Bbls of oil…
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