Sundance Energy (SDCJF)

[UIC Jeff]

Q3 Cash flow and Activities report out today.

Sundance release their Q3 report today.
Activities and Cash Flow Reports for 31 March 2012 Quarter

Nothing really new but a few things jumped out at me:
- New format, more professional, tells more of a story than past reports
- They are getting more for the NGAS since it is liquid rich.
- Cash from oil and NGAS sales was 4.2 million in Q3. Nice acceleration, with the Williston Basin wells, this should only increase in Q4.
- Generating enough cash to pay for much of the new exploration

- Credit available if needed, meaning (hopefully) no shareholder dilution is likey in the near term (IE this year)

If they start getting oil/results from the Leon Pecha#1 well in the Mississipian, the growth could be even more dramatic since they own 70%+ of the well's revenue.

This continues to be an excellent year for Sundance!

Thoughts?
Jeff