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Created: 08/18/2010 01:19:14 AM - Followers: 15 - Board type: Free - Posts Today: 0

Sundance Energy is an Australian company that has multiple prospects in the US and is focused on shale. They have assembled 148,000 net acres in the Bakken, Niobrara/DJ Basin and Illinois Basin.

Sundance's business plan is to get in early and cheap and let others derisk the play, selling off interest along the way and having others carry Sundance to production. As land values rise, Sundance continues to sell off interest to finance drilling and more land acquisition.

Company has demonstrated that they can execute this strategy and is in the midst of monetizing their Bakken interests into production with minimal risk.

Here is the latest presentation:

http://www.sundanceenergy.com.au/2010/ASX%20Releases/08.02.10-Corporate%20Presentation.pdf

Here are company basics:

238million shares outstanding

Listed on ASX in Australia as SEA.ax. Fully reporting with qtrly statements as well as monthly updates reviewed and approved by ASX.

Company website: http://www.sundanceenergy.com.au

50 well drill program for 2010. Many of the wells are in the process of being drilled or completed now. Latest report had 28 wells in the process of being drilled, completed or tested.

Sundance started the year at around 350boepd. Should exit at 900boepd. This is company guidance but based on early results, guidance appears conservative. Company is around 750boepd now and JV partner AEZ just reported a big 3000boepd well that should add 100boepd to Sundance's totals and get them to 850boepd. These Bakken wells drop off quickly so Sundance will have to keep drilling to avoid declining production.

Sundance has 8500 net acres in the Bakken and 40 of the 50 wells will be drilled in the Bakken. Most are low working interest wells but are being drilled by Bakken heavyweights like EOG and AEZ/Hess. Sundance secured the land and then sold off majority interest to these bigger players.

Later in 2010, Sundance will start drilling their land in Colorado that is prospective for the newest shale area in the US, the Niobrara. The early results are similar to the Bakken and could become the next big shale area. EOG and other big names are moving in but Sundance has a large land package in good areas. They also hold much higher working interest of 40 to 80%. They will likely sell off some of this interest to help finance the drilling.

Sundance recently updated their reserves. They have PV10 proved and probable of $99 million based on less than 5% of their net acres and NONE of their Niobrara land.

http://www.asx.com.au/asxpdf/20100802/pdf/31rnx3ctd6xx88.pdf

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#205 Up 800% today. Anyone know why? buxmaker 12/13/2018 01:57:42 PM
#204 from 9/11 filing Acquisition of Oil and Gas Assets DocLevi 10/17/2015 11:15:51 PM
#203 57% net vol. sales increase over last year, DocLevi 09/29/2015 11:14:56 AM
#202 Form 6 blah blah referencing announcement not for DocLevi 11/10/2014 12:04:20 AM
#201 Sundance acquires Eagleford acerage looking promising if they DocLevi 10/06/2014 09:09:48 PM
#200 Very nice...seems like some of these plays are ashy2classy 08/30/2013 08:30:40 AM
#199 Big move in Australia last night. +.08 Bobwins 08/30/2013 02:56:58 AM
#198 Good luck to you also, but I think Laker 08/06/2013 12:36:12 PM
#197 I just sold my position as the only futrcash 08/03/2013 02:23:44 PM
#196 New quarterly out...great as always, and share price Laker 08/03/2013 10:41:01 AM
#195 More on the way- futrcash 07/18/2013 12:37:54 PM
#194 I don't think there has been heavy dilution. Laker 06/24/2013 01:36:10 PM
#193 While I agree Today's low price is a futrcash 06/22/2013 07:16:01 PM
#192 I don't agree. Everything management has done lately Laker 06/22/2013 01:44:34 PM
#191 SEA.ax...not thrilled with yet another offering @ ~20% discount! futrcash 06/03/2013 04:37:26 PM
#190 SEA.ax halted in Australia until 5/31/13. Sounds Bobwins 05/28/2013 12:29:13 PM
#189 Fantastic initial result for first well in EFS Laker 05/28/2013 11:59:47 AM
#188 I like everything this company has done....can't believe Laker 05/21/2013 11:04:06 AM
#187 Operations Update- futrcash 05/16/2013 02:03:56 PM
#186 Quarterly Update- futrcash 05/15/2013 03:22:40 PM
#185 Sundance Energy' Quarterly Status Report- futrcash 05/05/2013 11:16:59 AM
#184 Aussie Court approves the approves the Demerger & acquisition UIC Jeff 02/26/2013 10:24:55 PM
#183 I am holding either way. This is Bobwins 02/26/2013 12:40:22 AM
#182 Texon Shareholders approved Sundance acquisition today. UIC Jeff 02/25/2013 08:31:19 PM
#181 SDCJF nice swanlinbar 02/12/2013 10:42:37 PM
#180 Watch that 200 MA closely it attracts the youngst3r1 02/12/2013 03:34:00 PM
#179 Sundance announced last night in Australia that they Bobwins 01/02/2013 07:48:38 PM
#178 It all depends how enamored you are with Laker 11/27/2012 09:14:54 PM
#177 Merger with Texon (ASX:TXN/PINK:TEXOF) UIC Jeff 11/13/2012 06:01:22 AM
#176 Activities & Cashflow Reports for 30 September 12 Quarter UIC Jeff 10/31/2012 12:40:50 AM
#175 Looks great. Poised to become a major player. Laker 10/18/2012 06:25:44 PM
#174 Annual Report to shareholders mooremi9 10/18/2012 11:26:52 AM
#173 Presenting at Canaccord Genuity Global Resources Conference mooremi9 10/16/2012 10:58:41 AM
#172 SDCJF not sure why we are still stuck swanlinbar 10/05/2012 02:13:19 PM
#171 Well, I think the US listing is key Laker 09/28/2012 12:49:01 PM
#170 Re: Sundance UIC Jeff 09/28/2012 12:40:48 PM
#169 Thoughts? Are you serious? This is amazing!!!!!!! A Laker 09/28/2012 11:44:10 AM
#168 Mentioned in Bloomberg article As a potential takeover target UIC Jeff 09/27/2012 10:20:27 PM
#167 Sale complete 172.2 Million gross received UIC Jeff 09/27/2012 09:51:32 PM
#166 They have delivered big time in the last Laker 09/26/2012 04:22:01 PM
#165 New Reserve evaluation 112% increase in Proven Reserves UIC Jeff 09/25/2012 11:14:08 PM
#164 The U.S. MMs are making a killing selling futrcash 09/21/2012 11:42:22 AM
#163 Virtually everything this company does seems to be Laker 09/12/2012 11:32:49 AM
#162 10% Deposit provides reasonable certainty of transaction closing mooremi9 09/10/2012 08:54:57 AM
#161 Sept.2012 Corporate Presentation- futrcash 09/09/2012 11:27:58 PM
#160 September investment presentation UIC Jeff 09/08/2012 11:14:48 PM
#159 Sundance: (SEA.AX/SDCJF.PK) Added to S&P/ASX 300 UIC Jeff 09/08/2012 10:17:59 PM
#158 I'm pretty sure I remember they sold at Bobwins 08/30/2012 04:48:50 PM
#157 Anyone know if Beach Petroleum remains a significant futrcash 08/30/2012 04:41:49 PM
#156 Outstanding Terms of Sale! futrcash 08/28/2012 02:53:13 AM
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