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Sundance Energy Australia

Publié le 17 avril 2008

Extends US Oil and Gas Interest with North Washington Prospect

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32 Beulah Road, Norwood. South Australia. 5067       ACN 112 202 883

Telephone:  +61 8 8363 0388     Facsimile: +61 8 8132 0766   www.sundanceenergy.com.au

 

 

For Immediate Release

17April 2008

 

General Manager

The Company Announcements Office

Australian Securities Exchange

 

 

Sundance Extends US Oil and Gas Interests with

North Washington Prospect

 

Sundance Energy Australia Limited (ASX:SEA) is pleased to announce it has expanded its spread of US oil and gas projects, reaching an agreement to participate with Deka Exploration, Inc., in a new oil development play located in McClain County, Oklahoma; the new project is called the North Washington Prospect.

 

Deka is an Oklahoma-based operating company with which Sundance has already participated in several projects, including the recently sold Ashland Prospect and its current Buffalo Creek Prospect.

 

The Company will have a working interest of approximately 6-7% across the North Washington Prospect. And, the prospect’s first well is scheduled to spud on or about May 1, 2008.

 

That initial well will be drilled vertically to approximately 10,000 feet (3,048 metres) and will target conventional oil reserves in the Bromide, Tulip Creek, McLish and Oil Creek formations.

 

The prospect area has a strong production history. There are approximately 30 wells in the prospect area, 20 of which were completed as producers, 11 of which were significant producers (150,000 BO or more per well) and two of which are still producing. Seven of those wells have cumulative production of approximately 1,000,000 BO per well.

 

The North Washington Prospect includes 2-3 additional drilling locations assuming success on the initial well.

 

Below is a map setting out the location of the North Washington Prospect.

 

New Oil Prospect

 

Mr McCoy said, “We are excited to be continuing our long standing relationship with Deka Exploration on this small but exciting new prospect. The economics of this play are quite promising, and should directly enhance our shareholder’s bottom line.”

 

 

For further advice on this release please contact:

 

Kip Hunter

General Counsel/Director of Communications

US based

Tel: (303-543-5709)

 

Warrick Hazeldine

Purple Communications

Investor Relations

Tel: (+61 8 9485 1254)

 

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. The Company has ownership interests in five US oil and gas projects comprising more than 68,000 highly prospective acres.

 

 In Australia, Sundance owns acreage in the Cooper/Eromanga Basin totalling approximately 1,140,000 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 9485 1254     Fax: 08 6263 0455

purple@purplecom.com.au    

 

 

 

Sundance Energy Australia

CODE : SEA.AX
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Sundance Energy est une société d’exploration minière et de pétrole basée aux Etats-Unis D'Amerique.

Sundance Energy détient divers projets d'exploration en USA et en Australie.

Ses principaux projets en exploration sont ARKOMA BASIN en USA et COOPER EROMANGA BASIN et WILLISTON BASIN en Australie.

Sundance Energy est cotée en Australie. Sa capitalisation boursière aujourd'hui est 206,1 millions AU$ (139,7 millions US$, 126,9 millions €).

La valeur de son action a atteint son plus haut niveau récent le 22 août 2014 à 1,42 AU$, et son plus bas niveau récent le 12 décembre 2018 à 0,04 AU$.

Sundance Energy possède 1 249 350 016 actions en circulation.

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