Enercom Oil and Gas Conference August 2019 sundanceenergy.net
A Leading Pure Play Eagle Ford Producer Strategic Focus on Producing Free Cash Flow While Delivering Growth ASX Symbol: SEA Expected 2H19 Free Cash Flow generation while also growing production and EBITDA Nasdaq Symbol: SNDE 10…
Evolution As Eagle Ford Pure Play Operator Sundances DNA is building and profitably monetizing core positions in US shale basins Transition to a North American focus via acquisitions in Williston, Arkoma and Successful exit of the DJ…
Capitalization Table and Available Liquidity Strong balance sheet and significant liquidity, with no debt maturities until 4th Quarter of 2022 Available 2019 Liquidity(1) May 2019 borrowing base redetermination As of 31 March 2019…
Corporate Debt Overview Reserve Based Loan First Quarter 2019 Debt Covenant Metrics Amount: 170.0 MM availability; 95 MM drawn(1) Total Debt to Expected 2019 EBITDAX: 2.0x Redetermination: Bi-annually Current Ratio(1): 1.1x Coupon:…
Debt Maturity and Service Schedule Cash flow is more than adequate to service Sundances peak debt through maturity Ample Cash Flow Available for Debt Service No debt maturities until 4th Quarter of 2022 Running just 2019 EBITDA…
Valuation Discount & Moderate Leverage Significant Valuation Discount and Moderate Leverage Compared to Small/Mid Cap & Eagle Ford Peer Groups(1) 2019 anticipated to be a deleveraging year, with peak net debt coming in 2Q19 8.0x 7.0x…
Positioning for Improved Liquidity and Valuation Sundance is exploring opportunities for improving trading liquidity and valuation, including the possibility of moving its place of incorporation and primary listing from Australia to the…
Assets Deliver Attractive Returns At Lower Oil Prices Over 17 Years of Oil Rich Tier 1 Eagle Ford Drilling Inventory (1) Drilling Inventory By Location Area Atascosa La Salle Live Oak McMullen 21 McMullen 32 McMullen Total Formation…
Announced Sale of Dimmit County Asset Definitive agreement in place to sell all Dimmit County assets for 29.5 MM purchase price Dimmit Transaction Overview Sale of all remaining Dimmit County assets 19 gross PDP wells 6,100 net acres…
High Quality Reservoir Across Acreage Position Eagle Ford Reservoir Properties A EGFD thickness ranges from 130-205 Lower Eagle Ford averages 125 feet across position Thickness and recoverable hydrocarbons in place allow for wine…
Eagle Ford Shale Basin Overview Proximity to both HSC Refining and Corpus Christi export markets provides optionality and premium pricing Houston Ship Channel Refining Market Sundance currently receives netback pricing of WTI plus…
Year to Date 2019 Development Legacy Acreage Legacy Acreage Development Detail 2 wells drilled, completed and brought online Excludes 2 well Red Ranch 18H & 19H pad included in the Dimmit divestiture Bracken well costs to date in line…
Year to Date 2019 Development Quarterhorse Acreage Newly Acquired (Quarterhorse) Acreage Development Detail 12 wells drilled, completed and brought online 5 Justin Tom Two Well Pad HT Chapman pad beginning flowback on 13th August…
Robust Initial Production Results Support 2019 Growth Plan 2019 Operations Support Continued Production Growth Excellent 2019 well results year to date support Sundances production and EBITDA growth targets 2019 IP rates reflect…
Sundance Initial Production and Cumulative Rates vs Peers Sundance 250 2018 and 2019 IP and Cum rates compare very favorably to recent results from Eagle Ford peers IP30 Boepd/1,000 GPI 193 196 207 212 200 141 145 148 150 107…
2018 Live Oak County Initial Well Performance (1) vs Type Curve(2) 2018 Area 41 Live Oak wells are outperforming updated type curve by an average of 38% to date Note: Cum Oil Type Curve is normalized to well Lateral Length (1) Well…
2019 Live Oak County Initial Well Performance vs Type Curve(1) 2019 Area 41 Live Oak wells are outperforming updated type curve by an average of 16% to date Note: Cum Oil Type Curve is normalized to well Lateral Length (1) Well…
Atascosa County Initial Well Performance (1) vs Type Curve(2) 2018 Area 41 Atascosa County wells are outperforming expectations by an average of 37% to date Note: Cum Oil Type Curve is normalized to well Lateral Length (1) Well…
Robust 2019 Hedge Book Guarantees Strong Cash Flow Generation Hedging covers 76% of remaining 2019 forecast oil sales volumes at an average 60 per barrel floor price(1) Oil Hedges(1) Gas Hedges(1) 9,000 80.00 9,000 3.50 8,000 70.00…
Summary Sundance Investment Highlights High Quality Asset Base Material Inventory With Low Full-Cycle Break Even Costs 17+ years of highly attractive Tier 1 drilling inventory with 1,110MM of 1P PV10 as at year end 2018(1) Full-cycle…
For Additional Information Please Contact: United States John Roberts, VP Finance & Investor Relations jrobertssundanceenergy.net +1 (720) 638-2400 Eric McCrady, CEO & Managing Director emccradysundanceenergy.net +1 (303) 543-5703…
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