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bhughes

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bhughes

Re: None

Wednesday, 02/09/2011 10:13:11 AM

Wednesday, February 09, 2011 10:13:11 AM

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News:

This was just posted on yahoo message board.

http://www.nasdaq.com/aspx/company-news-story.aspx?storyid=201012232019RTTRADERUSEQUITY_0897

Sundance Energy Ltd shares are up more than 4% after the company struck an agreement with U.S. oil services giant Halliburton and Macquarie Group Ltd to hasten drilling work at its Niobara project in the United States. According to the agreement, Halliburton and Macquarie will participate in up to 40% of the Sundance acreage at its Silo and Bull Canyon prospects in states of Wyoming and Colorado.

Sundance will receive a non-refundable participation payment of A$A2.39 million in cash, under the deal. Halliburton and Macquarie will also pay up to A$3.89 million in development costs.

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