ASX Announcement 28 July2016
32 Beulah Road, Norwood, South Australia 5067ACN112 202 883
Telephone: +61 8 8363 0388 Facsimile: +61 8 8132 0766 www.sundanceenergy.com.au
Sundance Energy Australia Limited ABN 76 112 202 883
ASX Code: SEA
General Manager
The Company Announcements Office Australian Securities Exchange
FOR IMMEDIATE RELEASE
Re-Fracturing Partnership with Schlumberger
Sundance Energy Australia Ltd (ASX: SEA) is pleased to announce that it has entered a strategic alliance with Schlumberger Limited ("Schlumberger") to re-fracture ("re-frac") at least 5 Eagle Ford wells in McMullen County, Texas starting in the third quarter of 2016.
Under the terms of the agreement, Schlumberger will be paid for the re-fracs from production generated by the re-fracs above the current production forecast of the wells. The re-fracs are expected to generate a 5-6x initial production uplift for each well and a 40- 50% increase in estimated ultimate recoverable reserves.
For more information, please contact:
Eric McCrady, Managing Director Tel: +1 (303) 543 5703
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Mike Hannell, Chairman Tel: +61 8 8363 0388
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About Sundance Energy Australia Limited
Sundance Energy Australia Limited (ASX: SEA) is an Adelaide-based, independent energy exploration company, with a wholly owned US 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 Anadarko Basins. A comprehensive overview of the Company can be found on Sundance's website at www.sundanceenergy.net.
Disclaimer
Except as required by law, no representation or warranty (express or implied) is made as the fairness, accuracy, completeness, reliability or correctness of the Information, opinions and conclusions, or as to the reasonableness of any assumption contained in this document. By receiving this document and to the extent permitted by law, you release Sundance and its officers, employees, agents and associates from any liability (including, without limitation, in respect of direct, indirect or consequential loss or damage or loss or damage arising by negligence) arising as a result of the reliance by you or any other person on anything contained in or omitted from this document.
Summary Information
The following disclaimer applies to this document and any information contained in it (the "Information"). The Information in this presentation is of general background and does not purport to be complete. It should be read in conjunction with Sundance's other periodic and continuous disclosure announcements lodged with ASX Limited, which are available at www.asx.com.au. You are advised to read this disclaimer carefully before reading or making any other use of this document or any information contained in this document. In accepting this document, you agree to be bound by the following terms and conditions including any modifications to them.
Forward Looking Statements
This presentation includes forward-looking statements. These statements relate to Sundance'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.
The forward-looking statements reflect the Company's views and assumptions with respect to future events as of the date of this presentation 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. 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 presentation 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.