3Q 2018 Earnings Presentation 16 November 2018 sundanceenergy.net
A Leading Pure Play Eagle Ford Producer Strong Third Quarter Results, Excellent Initial Well Results, Robust Hedge Book Positive 3Q18 Net Income of 4.6 million, excluding impact of unrealized hedges(5) ASX Symbol: SEA September 2018…
Third Quarter 2018 Operational & Financial Results 3Q Production 14,000 60,000 Third Quarter 2018 average net daily production of 12,000 50,000 11,141 boe/d 10,000 40,000 Represents a 28% year-over-year increase compared 8,000 to…
2018 and 2019 Summary Guidance(1) Delivering Substantial Operational and Financial Growth Over the Next 18 Months First Half 3Q Full Year Full Year 2018 2018 2018 2019 Average Net P roduc tion (boe/d): 7,000 - 7,500 10,000 - 11,000…
Successfully Executing Development Plan Year to Date operations on track to deliver forecasted 2018 production ramp Spud 23 wells (7 on legacy assets, 16 on newly acquired assets) year to date 18 new wells brought onto production, 2…
Excellent Preliminary Well Results Recent Wells Brought Online To date in 4Q18 Sundance brought the 2-well Idylwood and 4-well Jame Keith Esse pads online in Live Oak County Sundance brought 9 wells online in 3Q18 5 wells on the…
Sundance Initial Production Rates vs Peers Recent Sundance IP rates compare very favorably to 2018 results from Eagle Ford peers IP30/1,000 GPI Oil IP30 boepd (norm 1,000) Acquisition Wells Legacy Wells Operator A Operator B…
Live Oak County Initial Well Performance vs Type Curve Area 41 Live Oak wells are outperforming expectations by an average of 150% to date Harlan Bethune 25H & 35H Idylwood 4H & 5H Harlan Bethune 26H , 27H & 34H Note: Cum Oil Type…
Atascosa County Initial Well Performance vs Type Curve Area 41 Atascosa County wells are outperforming expectations by an average of 84% to date Tom Justin 5H & 6H Note: Cum Oil Type Curve is normalized to well GPI 12
McMullen County Initial Well Performance vs Type Curve 3Q18 McMullen County wells are performing according to expectations Allen MCM 1HA & 2HA Note: Cum Oil Type Curve is normalized to well GPI 13
Year to Date 2018 Development Legacy Acreage Legacy Acreage Development Detail(1) 2 Peeler Ranch Two Well Pad 5 wells drilled, completed and brought online Peeler Ranch 8HC & 9HC 2 DUC wells drilled and currently being completed…
Year to Date 2018 Development Newly Acquired Acreage Newly Acquired Acreage Development Detail 2 4 Justin Tom Two Well Pad James Keith Esse Four Well Pad 13 wells drilled, completed and placed on production Justin Tom 05H & 06H James…
Proactive Hedging Program Provides Downside Protection Hedging covers 98% of 2018 and 47% of 2019 forecast oil production(1) Oil Hedges(1) Gas Hedges(1) 10,000 80.00 8,000 3.50 70.00 7,000 3.00 8,000 60.00 6,000 2.50 6,000 50.00…
Recent Eagle Ford Peer Transactions Recent Eagle Ford Transactions Imply Significant Sundance Valuation Upside Penn Virginia Purchased By Denbury Resources for 1.7 Billion At 3Q18, PVAC had 84,700 net acres and 22,912 Boepd production…
Recent Eagle Ford Peer Transactions Recent Eagle Ford Transactions Imply Significant Sundance Valuation Upside CHK - WRD DNR - PVAC Sundance Acquisition Acquisition Energy Announced Purchase Price (mm) 3,977 1,716 Penn Virginia…
Investment Highlights High Quality Asset Base with Material Inventory 12+ years of highly attractive Tier 1 drilling inventory with 963.6 MM of 2P PV10 as at year end 2017(1) Highly attractive single well economics (65%+ IRR or higher)…
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