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Sundance Energy (SDCJF)

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Last Post: 12/13/2018 1:57:43 PM - 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:


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.


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