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Sundance Energy Australia

Published : December 16th, 2008

Appoints New Chairman

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For Immediate Release

General Manager

The Company Announcements Office

Australian Securities Exchange

 

Sundance Appoints New Chairman

 

New Chairman at Sundance Energy to drive measured development in 2009.

 

US focussed oil and gas developer Sundance Energy Australia Limited (ASX:SEA) is pleased to announce the appointment of Michael Damer Hannell as its new Chairman effective from 1 January 2009.

 

Mr Hannell has been a Non-Executive Director of the Company since March 2006, and has more than 40 years of experience in the international petroleum industry.

 

He will replace Charles Christopher Agar Binks, who has resigned as Chairman to spend more time with his family.. Mr Binks will remain on the Board as a Non Executive Director until 30 June 2009.

 

Mr Binks has been involved with the Company since its inception in December 2004, and has been Chairman since the Company?s IPO and successful ASX listing in 2005.

 

The Board wishes to express its deep appreciation for his outstanding contribution to Sundance?s development during its vital formative years. During the past four years, Sundance has established itself as a credentialed and respected oil and gas developer and producer.

 

Mr Binks? continued support at Board level through the end of June 2009 will also be appreciated.

 

Mr Hannell has significant experience in the upstream and downstream petroleum industry, involving a wide range of engineering, operations, commercial, financial and corporate areas in the UK, US and Australia.

 

Mr Hannell said he looked forward to his new role with enthusiasm.

 

?Sundance has developed an excellent portfolio of acreage in prime regions in the US; it has a first class track record of development and production success to date, and a strong and experienced management team in the US,? Mr Hannell said.

 

?While the current market conditions require a measured approach to development, the Company is in a strong cash position and is well poised to generate value for shareholders from our strong asset base,? he said.

 

?On behalf of the Board, I would like to thank Mr Binks for his contribution in the development of Sundance, and wish him well in the future,? Mr Hannell said.

 

To view a picture of Mr Hannell, please click on the following link:

http://www..purplecom.com.au/_content/documents/1029.jpg

 

For further advice on this release, please contact:

 

Kip Hunter                                                     Warrick Hazeldine

General Counsel/                                            Purple Communications

Director of Communications                          Investor Relations

US based                                                         Tel:(+61 8 9485 1254)

Tel: (303-543-5709)

 

 

 

About Sundance Energy Australia Limited

 

Sundance Energy Australia Ltd (ASX: SEA) is an Adelaide-based, independent energy exploration Company, with a wholly owned US subsidiary, Sundance Energy, Inc., located in Colorado, USA. The Company is developing projects in the US and Australia. In the US, Sundance is primarily focused on large, repeatable resource plays where it develops and produces oil and natural gas reserves from unconventional formations.


A comprehensive overview of the Company can be found on the Company?s website at www.sundanceenergy.com.au.

 

Sundance Energy Australia Limited ABN 76 112 202 883

 

 

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Sundance Energy Australia

CODE : SEA.AX
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Sundance Energy is a and oil exploration company based in United states of america.

Sundance Energy holds various exploration projects in Australia and in USA.

Its main exploration properties are ARKOMA BASIN in USA and COOPER EROMANGA BASIN and WILLISTON BASIN in Australia.

Sundance Energy is listed in Australia. Its market capitalisation is AU$ 206.1 millions as of today (US$ 139.7 millions, € 126.9 millions).

Its stock quote reached its highest recent level on August 22, 2014 at AU$ 1.42, and its lowest recent point on December 12, 2018 at AU$ 0.04.

Sundance Energy has 1 249 350 016 shares outstanding.

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