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UIC Jeff

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UIC Jeff

Re: None

Tuesday, 09/25/2012 11:14:08 PM

Tuesday, September 25, 2012 11:14:08 PM

Post# of 205
New Reserve evaluation 112% increase in Proven Reserves

June 30 2012 reserve report

Sundance announces "Significant uplift in reserves." Comparing it to last year's reserve report, I'm not sure I agree.
- They were calculating the value at $84-88 vs $95 in 2012
- Including S. Antelope the PV10 reserves only increased %63
(From from 4,890 to 7,979 Oil (mbbls))

June 30 2011 report

Overall I still like this stock, but I cannot figure out if this change is really significant or just hype?

Thoughts?
Jeff

"Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. " -- Gordon Gekko/

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