Sundance Energy (SDCJF)

[DocLevi]

Sundance acquires Eagleford acerage looking promising if they drill and produce... just started looking at... http://www.bloomberg.com/news/2014-05-28/sundance-energy-to-look-at-eagle-ford-deals-up-to-200-million.html

....Sundance Energy Australia Ltd. (SEA), an explorer that’s expanding in the Eagle Ford shale formation of Texas, will look at acquisitions of as much as $200 million as some competitors focus on drilling over deals.

Sundance plans to add more acreage in the Eagle Ford through leases, small purchases and potentially larger acquisitions, Managing Director Eric McCrady said today by phone from Denver. The company, whose shares trade in Sydney, may purchase as much as 25 percent of the more than 50,000 acres it’s evaluating, he said.

“A lot of companies are running a lot of rigs in the Eagle Ford, and people are very focused on drilling the acreage positions they have,” McCrady said. “So that has resulted in a little less competition for smaller deals.” ....