A Leading Pure Play Eagle Ford Producer US redomiciliation completed and shift to primary NASDAQ listing Management believes redomiciliation could drive improved trading liquidity and valuation to bring Sundances valuation in-line…
Evolution As Eagle Ford Pure Play Operator Sundances cycle-tested DNA is building and profitably monetizing core positions in US shale basins Transition to a North American focus via Redomiciliation to the acquisitions in Williston,…
Summary Fourth Quarter and Full Year 2019 Guidance(1) 2019 Plan Is To Operate Within Cash Flow to Deliver Production and Cash Flow Growth While Deleveraging Fourth Quarter Full Year 2019 2019 Average Sales Volumes (boe/d): 13,500 -…
Ongoing Focus on Reducing Operating Costs Sundance has significantly reduced LOE and G&A on a per unit basis in the past year 40% Reduction in Total Cash Operating Costs(1) Per Boe Since Close of Pioneer Transaction Ongoing operating…
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…
Assets Deliver Attractive Returns At Lower Oil Prices Over 20 Years of Oil Rich Eagle Ford Drilling Inventory (1) Drilling Inventory By Location Area Atascosa La Salle Live Oak McMullen 21 McMullen 32 McMullen Total Formation EGFD EGFD…
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…
Capitalization Table and Available Liquidity Strong balance sheet and significant liquidity, with no debt maturities until 4th Quarter of 2022 Available 2019 Liquidity(1) As of September 30, 2019 Sufficient Available Liquidity to Fund…
Corporate Debt Overview Reserve Based Loan A Note On Reserve Based Loans Amount: 170.0 MM availability; 115 MM drawn(1) Reserve Based Loans effectively function as revolvers. Redetermination: Bi-annually Availability represents…
Debt Maturity and Service Schedule Cash flow is adequate to service Sundances peak debt through maturity Ample Cash Flow Available for Debt Service No debt maturities until 4th Quarter of 2022 Assuming consensus 2019 EBITDA run flat…
Closed Sale of Dimmit County Asset Closed sale of all Dimmit County, 17.8mm proceeds received to date Dimmit Transaction Overview Sale closed on October 1, 2019 17.8mm proceeds received to date; remaining proceeds anticipated at the end…
Year to Date 2019 Development Quarterhorse Acreage Newly Acquired (Quarterhorse) Acreage Development Detail 18 wells drilled, completed and brought online YTD 5 Justin Tom Two Well Pad 6 Washburn Ranch Two Well Pad Recently turned…
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 in line with…
Robust 2019 Initial Production Results Support 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…
2018 Wells Continue to Demonstrate Superior Results 2018 Wells Continue to Outperform on Cumulative Production Basis 2018 wells materially outperformed type curve expectations on an initial production basis Wells on Pioneer acquisition…
2018 Live Oak County Initial Well Performance (1) vs Type Curve(2) 2018 Area 41 Live Oak wells, on average, are performing at 129% of RSC type curve at 240 days Harlan Bethune Area Live Oak RSC119 TC RSC119 TC Note: Cum…
2019 Live Oak County Initial Well Performance (1) vs Type Curve(2) 2019 Area 41 Live Oak wells, on average, are performing at 122% of RSC type curve at 60 days Harlan Bethune Area Live Oak RSC119 TC RSC119 TC Note: Cum Oil…
2018 Atascosa County Initial Well Performance (1) vs Type Curve(2) 2018 Area 41 Atascosa County wells, on average, are performing at 135% of the RSC type curve at 300 days Tom Justin 5H & 6H RSC119 TC Note: Cum Oil Type Curve…
Robust 2019 Hedge Book Supports Strong Cash Flow Generation Hedging covers 90% 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 14,000 3.50 8,000 70.00…
Summary Sundance Investment Highlights High Quality Asset Base Material Inventory With Low Full-Cycle Break Even Costs Over 20 years of highly attractive oil rich drilling inventory with 1,110MM(1) of 1P PV10 as at year end 2018…
For Additional Information Please Contact: United States John Roberts, VP Finance & Investor Relations jrobertssundanceenergy.net +1 (720) 638-2400 Eric McCrady, Chief Executive Officer emccradysundanceenergy.net +1 (303) 543-5703…
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