Sundance Energy Australia

Published : August 10th, 2015

Sundance Energy Australia Limited Closed on Acquisition of New Standard Energy’s U.S and Cooper Basin Assets

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Sundance Energy Australia Limited Closed on Acquisition of New Standard Energy’s U.S and Cooper Basin Assets

DENVER, Aug. 10, 2015 (GLOBE NEWSWIRE) -- Sundance Energy Australia Limited (ASX:SEA) (“Sundance” or the “Company) is pleased to announce that the Company has closed the previously announced acquisition of New Standard Energy Ltd’s (ASX:NSE) U.S. and Cooper Basin assets. Consideration for the acquisition included approximately $15.0 million to repay NSE’s note with Credit Suisse, the issuance of 6 million new fully paid ordinary SEA shares and the assumption of net working capital deficit of approximately $0.9 million.  Approximately 1.5 million of the 6 million SEA shares will be held in escrow until resolution of due diligence defect matters.

The Eagle Ford assets acquired include approximately 5,500 net acres in Atascosa County, 7 gross producing wells with approximately 175 net Boe/d of current production and two wells that have been drilled but not yet completed.  This acquisition increases Sundance’s Eagle Ford position to approximately 37,000 net acres.

Sundance plans to sell 25% of the assets acquired from NSE plus approximately 400 net acres (25%) of Sundance’s Charlotte Ranch lease in Atascosa County, Texas to Quintanilla Management Company (“QMC”) and expects closing of that transaction to occur within the next several weeks.

About Sundance Energy Australia Limited

Sundance Energy Australia Limited (“Sundance” or the “Company”) is an Australian-based, independent energy exploration company, with a wholly owned U.S. subsidiary, Sundance Energy Inc., located in Denver, Colorado, USA. The Company is focused on the acquisition and development of large, repeatable oil and natural gas resource plays in North America. Current activities are focused in the Eagle Ford and Greater Anadarko Basins.  A comprehensive overview of the Company can be found on Sundance’s website at www.sundanceenergy.net.

Summary Information

The following disclaimer applies to this document and any information contained in it. The information in this release is of general background and does not purport to be complete. It should be read in conjunction with Sundance’s periodic and continuous disclosure announcements lodged with ASX Limited that are available at www.asx.com.au and Sundance’s filings with the Securities and Exchange Commission available at http://www.sec.gov/edgar.shtml.  

Forward Looking Statements
This release may contain forward-looking statements. These statements relate to the Company’s expectations, beliefs, intentions or strategies regarding the future. These statements can be identified by the use of words like “anticipate,” “believe,” “intend,” “estimate,” “expect,” “may,” “plan,” “project,” “will,” “should,” “seek” and similar words or expressions containing same.

These forward-looking statements reflect the Company’s views and assumptions with respect to future events as of the date of this release and are subject to a variety of unpredictable risks, uncertainties, and other unknowns. Actual and future results and trends could differ materially from those set forth in such statements due to various factors, many of which are beyond our ability to control or predict. These include, but are not limited to, risks or uncertainties associated with the discovery and development of oil and natural gas reserves, cash flows and liquidity, business and financial strategy, budget, projections and operating results, oil and natural gas prices, amount, nature and timing of capital expenditures, including future development costs, availability and terms of capital and general economic and business conditions. Given these uncertainties, no one should place undue reliance on any forward-looking statements attributable to Sundance, or any of its affiliates or persons acting on its behalf.  Although every effort has been made to ensure this release sets forth a fair and accurate view, we do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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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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Annual reports of Sundance Energy Australia
2007 Annual Report
2006 Annual Report
Nominations of Sundance Energy Australia
12/16/2008 Appoints New Chairman
Project news of Sundance Energy Australia
4/23/2008(May-jon) Extends US Oil and Gas Interest with May-Jon Prospect
4/17/2008(North Washington)Extends US Oil and Gas Interest with North Washington Prospe...
Corporate news of Sundance Energy Australia
8/1/2016Acquisition of Eagle Ford Assets Completed
8/1/2016Acquisition of Eagle Ford Assets no Re-Fracturing Partnershi...
8/1/2016Quarterly Activities and Cashflow Report
6/22/2016Acquisition of Eagle Ford Assets
5/27/2016Chairman's Report AGM
5/23/2016Borrowing Base Reaffirmed
4/29/2016Quarterly Activities and Cashflow Report
1/29/2016Quarterly Activities and Cashflow Report
11/2/2015Edited Transcript of SEA.AX earnings conference call or pres...
10/30/2015Sundance Energy Australia Limited Reports Third Quarter 2015...
10/29/2015Quarterly Activities and Cashflow Report
10/26/2015Quarterly Earnings Call
9/10/2015Half Year Accounts
8/10/2015Cleansing Notice
8/10/2015Acquisition of Eagle Ford and Cooper Basin Assets
8/10/2015Sundance Energy Australia Limited Closed on Acquisition of N...
8/4/2015Edited Transcript of SEA.AX earnings conference call or pres...
7/31/2015Sundance Energy Australia Limited Reports Second Quarter 201...
7/31/2015Quarterly Activities and Cashflow Report
7/29/2015Quarterly Earnings Call
4/27/2015Notice of Annual General Meeting/Proxy Form
3/31/2015Annual Report 2014
3/9/2015Investor Presentation
1/30/2015Quarterly Activities and Cashflow Report
1/30/2015Operations Update
1/29/2015Quarterly Earnings Call
1/29/2015Reserve Upgrade
10/31/2014Operations Update
10/30/2014Quarterly Earnings Call Presentation
5/12/2014Sundance Energy Australia Limited Files Form 15F to Terminat...
2/5/2014Sundance Energy Australia Limited Announces Launch of Initia...
11/13/2012s
10/31/2012s
10/16/2012s
9/26/2012s
9/7/2012s
6/20/2012s
5/30/2012s
5/18/2012s
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3/28/2011s
2/11/2011s
12/17/2009to Participate in Bakken/Three Forks Test Well
11/30/2009to Appoint Reg Nelson as a Director
3/10/2009Company and Development Update
11/27/2008Development Update
11/13/2008AGM address and presentation
8/12/2008Revenue and Developement Update
6/17/2008Another Extension of US Oil and Gas Interest with Colorado C...
6/4/2008 2008 Development Campaign Update
4/15/2008 Spuds Second Well at Phoenix Prospect
1/2/2008Closes Drilling Deal for Phoenix Prospect
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