30 November 2009
Sundance to appoint Reg
Nelson as a Director
US-focused oil and gas developer, Sundance Energy
Australia Limited (ASX: SEA) is very pleased to announce that Australian oil
and gas industry leader Reg Nelson has agreed to join
the Board as a non-executive director. The effective date will be announced
separately.
Mr. Nelson is Managing Director of Beach Petroleum
(ASX: BPT), with which Sundance recently signed an MOU to jointly identify,
evaluate and potentially acquire new unconventional oil and gas assets in
Australasia and, possibly, in other parts of the world.
He has a career spanning nearly four decades as an
exploration geophysicist in the minerals and petroleum industries. He is a
member and previous Chairman of the peak industry organisation, the Australian
Petroleum Production and Exploration Association (APPEA).
Speaking at the Company’s AGM in Adelaide
today, Sundance Chairman Mike Hannell said Mr. Nelson’s
technical and corporate experience will add value to the Board and
shareholders.
“Reg’s knowledge
of oil and gas plays in Australia will allow us to further leverage our
expanding US asset base, as well as identifying and exploring local
opportunities here through the recent agreement with Beach,” Mr. Hannell said.
“This appointment adds significant depth to the
Sundance Board and leadership team, and, following the signing of the MOU,
further strengthens our relationship with Beach in a manner that will benefit shareholders
of both companies,” he said.
Mr. Nelson said he was pleased to join the Sundance
Board.
“Sundance has a proven track record of
identifying shale opportunities in the US
market at an early stage, developing them and then bringing in larger partners
to achieve positive economies of scale. Beach is excited to be in business with
Sundance,” Mr. Nelson said.
For further advice on this release, please
contact:
Mike Hannell
Chairman
Tel: 0418 834 957
Kip Hunter (USA
Based)
General Counsel/
Director of Communications
Tel: 303-543-5709
Warrick Hazeldine
Investor Relations
Tel: +61 8 6314 6300
About Sundance Energy Australia
Limited
Sundance Energy Australia Ltd (ASX:SEA) is
an Adelaide-based, independent energy exploration company, with its 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.
In the US,
Sundance has ownership interests in five oil and gas projects comprising more
than 290,000 highly prospective acres (more than 105,000 net acres to the
Company).
In Australia,
Sundance has ownership interests in acreage in the Cooper/Eromanga
Basin of approximately 147,000 acres (approximately 34,000 net acres).
A comprehensive overview of the Company
can be found on the Company’s website at www.sundanceenergy.com.au
Issued by
Purple
Communications
Level 3, 28
Kings Park Road, WEST PERTH
WA 6005
Ph: 08 6314 6300 Fax: 08 6314 6355
purple@purplecom.com.au