Sundance Energy Provides September 2018 Operational Update
September 6, 2018 - 2:31 PM EDT
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Sundance Energy Provides September 2018 Operational Update
DENVER, Sept. 06, 2018 (GLOBE NEWSWIRE) -- Sundance Energy Australia Limited (ASX:SEA) (NASDAQ:SNDE) (“Sundance” or the “Company”), a U.S. onshore oil and gas exploration and production company focused in the Eagle Ford in South Texas, today provided an update regarding the Company’s recent development activities.
Production Sundance brought 7 wells online in August, including 5 wells on the recently acquired acreage in Live Oak County. The Company brought the 2-well Justin Toms pad, located in Atascosa County, online in early September.
Well Name
County
IP Date
Completed Lat Length
Choke
24-Hour IP
% Oil
Cum Production
% Oil
Harlan Bethune 25H
Live Oak
15-Aug-18
4,973'
16/64
941
74%
20,125
73%
Harlan Bethune 26H
Live Oak
15-Aug-18
4,161'
16/64
1,387
78%
25,624
79%
Harlan Bethune 27H
Live Oak
15-Aug-18
3,469'
16/64
1,264
76%
26,166
76%
Harlan Bethune 34H
Live Oak
19-Aug-18
3,506'
16/64
1,458
77%
23,802
76%
Harlan Bethune 35H
Live Oak
19-Aug-18
3,678'
16/64
1,504
78%
23,761
77%
Allen MCM 1HA
McMullen
17-Aug-18
8,015'
28/64
1,388
76%
23,813
75%
Allen MCM 2HA
McMullen
17-Aug-18
8,234'
28/64
1,297
78%
21,398
78%
Drilling Activities Sundance is currently drilling the 4-well James Keith Esse pad and the 2-well Idylwood pad, both located in Live Oak County.
Completion Activities Upon completion of the 2-well Justin Toms pad the Company released its frac crew ahead of schedule. The frac crew will be mobilized for Sundance’s fourth quarter completions in late September.
Well Name
County
Spud Date
Frac Start Date
IP Date
Completed Lat Length
30-Day IP Rate (boe/d)
% Oil
Paloma Ranch 7H
McMullen
18-Jan-18
17-May-18
2-Jun-18
7,690'
1,345
62%
Peeler Ranch 8HC
Atascosa
1-Mar-18
28-May-18
26-Jun-18
5,642'
484
92%
Peeler Ranch 9HC
Atascosa
24-Mar-18
28-May-18
26-Jun-18
5,820'
446
93%
Allen MCM 1HA
McMullen
21-Apr-18
6-Jul-18
17-Aug-18
8,015'
-
-
Allen MCM 2HA
McMullen
13-May-18
6-Jul-18
17-Aug-18
8,234'
-
-
Harlan Bethune 25H
Live Oak
7-May-18
24-Jul-18
15-Aug-18
4,973'
-
-
Harlan Bethune 26H
Live Oak
11-May-18
22-Jul-18
15-Aug-18
4,161'
-
-
Harlan Bethune 27H
Live Oak
13-May-18
22-Jul-18
15-Aug-18
3,469'
-
-
Justin Tom 05H
Atascosa
17-Jun-18
12-Aug-18
3-Sep-18
6,258'
-
-
Justin Tom 06H
Atascosa
14-Jun-18
12-Aug-18
3-Sep-18
6,299'
-
-
Harlan Bethune 34H
Live Oak
25-Jun-18
3-Aug-18
19-Aug-18
3,506'
-
-
Harlan Bethune 35H
Live Oak
22-Jun-18
3-Aug-18
19-Aug-18
3,678'
-
-
James Keith Esse 06H
Live Oak
26-Jul-18
-
-
-
-
-
James Keith Esse 07H
Live Oak
22-Jul-18
-
-
-
-
-
James Keith Esse 08H
Live Oak
24-Jul-18
-
-
-
-
-
James Keith Esse 09H
Live Oak
20-Jul-18
-
-
-
-
-
Idylwood 04H
Live Oak
3-Aug-18
-
-
-
-
-
Idylwood 05H
Live Oak
3-Aug-18
-
-
-
-
-
For more information, please contact:
United States: John Roberts VP Finance & Investor Relations Tel: +1 (720) 638-2400
Eric McCrady CEO and Managing Director Tel: +1 (303) 543-5703
Australia: Mike Hannell Chairman Tel: +61 8 8363 0388
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 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 where the company has a position of approximately net 56,600 net acres. 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 www.sec.gov.
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.
