Sundance Energy Australia

Published : November 30th, 2009

to Appoint Reg Nelson as a Director

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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

 


 

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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