Sundance Energy Australia Limited (ASX: SEA) May 2013 May 2013 Transformational Growth through the Drill Bit
Strategic Updates Produced 3,855* boepd during September 2013, which excludes 211* boepd lost from well shut-ins due to the Wattenberg flooding during the month, and averaged 3,607* boepd during the third quarter of 2013 The Company…
Investment Highlights Premier position in 3 of the leading US oil resource plays Premier Acreage Multi-year drilling inventory in the Eagle Ford, Wattenberg, and Mississippian/Woodford Four rig horizontal program focused on the Eagle…
Company Profile Sundance Energy (ASX: SEA) is an independent energy company focused on the exploration, development and production of large, repeatable resource plays in North America. The Companys current activities are focused on the…
2014 Forecasted Development Program Production, cash flow and proved reserve growth through aggressive development of existing assets Over 90% of capital budget focused on Company operated assets Financial flexibility to pursue…
Company Production Guidance and Reserve Overview Average Daily Production Proved Reserves and Potential Upside (6/30/12) 9,000 80.0 8,000 70.0 7,000 60.0 6,000 50.0 mmboe boe/d 5,000 40.0 4,000 30.0 3,000 2,000 20.0…
US Peer Group Valuations All information as of 10/18/13 KEY STATISTICS VALUATION EBITDA(1) Production (boepd)(2) TEV/EBITDA TEV/Production Market Enterprise Reserves TEV/ Cap Value 2013E 2014E 2013E 2014E (mmboe) 2013E 2014E 2013E…
Diversified Assets in Leading US Liquids Basins Williston Basin Bakken/Three Forks Net Acres 4,800 3P Reserves (mmboe) (1) 7.2 DJ Basin Niobrara/Codell Wattenberg Net Acres 5,300 Greater Anadarko N. Niobrara Net Acres…
Eagle Ford Major Players Producing Eagle Ford wells color coded by Operator: EOG BHP -Petrohawk Chesapeake Goodrich Cabot Oil Window Chesapeake Talisman GOR < 750 Newfield Swift Chesapeake Anadarko…
Track Record of Successful Eagle Ford Development Estimated Capital Lateral Peak 24- 30 Day 60 Day 90 Day Expenditures Length Hour Avg Avg Avg Well Name (MM) (feet) (boe) (boepd) (boepd) (boepd) Hoskins EFS 3H n/a 5,628 1,329 853 716…
McMullen County - Eagle Ford Economics Eagle Ford McMullen Performance McMullen County Well Performance 1,000 Well Economics Eagle Ford Net Locations 90 - 120 Spacing assumption (acres) 60 80 Well cost (MM) 8.0 - 9.0 EUR (mboe)…
Logan County Horizontal Activity SEA Whiteneck 20-3-12-1HM LEGEND Producing (30-day 326 boepd) SEA Acreage SEA Commissioners 20-3-12-1HM Flowing back 2012-2013 SEA Logan CO Drilled Wells N 2012-2013 SEA SWD Drilled Wells 2013 SEA…
Encouraging Early Appraisal Results in the Woodford LEGEND Woodford Across SEA Acreage: - 50 - 175 ft thick - Ave. TOC: 9.67% in WDFD B N SEA Acreage - Ro = 0.80 0.85 - Ave. Tmax: 442 Drilled Woodford Wells Type Log DVN…
Stacked Pay in Greater Logan County Project Peak 24- 30 Day 60 Day 90 Day Hour Avg Avg Avg Well Name Operator (boe) (boepd) (boepd) (boepd) Mississippian: Kightlinger 19-3-8-1HM SEA 278 179 137 111 Branson 17-4-23-1HM SEA 652 476…
Logan County - Mississippian Economics Well Cost Rate of Return Sensitivities Average SEA Type Curve (225 mboe) 80 70 60 50 IRR (%) 40 30 SEA Well Economics Logan County 20 Miss. Lime 10 Net Locations 100 - 150 3.2 MM 3.8…
Upside in Potential Wattenberg Horizontal Program Wattenberg Niobrara HZ Well SEA Scoping Economics HZ Niobrara Performance 900 Net Locations 36 - 80 Spacing assumption (acres) 20 - 40 800 Well cost (MM) 5.1 - 5.6 700 EUR (mboe)…
Activity Pipeline Bakken asset sales TBD 2014 guidance Q413 2013 guidance update Q413 New Eagle Ford well results Q413 New Mississippian & Woodford well results Q413 Increased company production rates Q413 21
Appendices 22
High Quality, Scalable Reserves Future Net Revenue (M) Present Worth Oil (mbbls) Gas (mmcf) mboe Total at 10% Proved Developed Producing 2,659.4 5,266.1 3,537.1 185,729.5 122,286.6 Proved Developed Not Producing 1,354.2 2,854.5…
Calendar 2013 Financial Guidance Production (boe) (1) 951,000 - 1,189,000 Production (boepd) (1) 2,605 - 3,258 December '13 exit rate (boepd) 4,000 - 4,800 % production oil 70% -75% % production natural gas 25% -30% Natural gas…
Hedge Position to Protect Invested Capital Total Volume Hedged Type Commodity Basis Floor Ceiling Jul - Dec 2013 Cal 2014 Swap Oil (bbls) West Texas Intermediate 99.00 99.00 12,000 - Collar Oil (bbls) West Texas Intermediate 90.00…
Definitions Sundance oil prices are based on a West Texas Intermediate posted price of 88.13 per barrel and are adjusted by area for quality, transportation fees, and regional price differentials. Sundance gas prices are based on a…
Loading...
