detailed financial information

OVERVIEW

Sundance Energy Australia Limited is listed on the Australian Stock Exchange and has American Depository Shares listed on NASDAQ.

ASX code: SEA

NASDAQ code: SNDE

The Company has a well-located portfolio of resource plays in premier US oil and gas basins with a focus on high interest, Sundance operated projects. The Company has current operational activities focused in the Eagle Ford.

Why Invest in Sundance Energy?

  • Strong portfolio of resource plays located in premier US oil and gas basins
  • Track record of production and cash flow growth
  • High working interests in the Eagle Ford, with development and appraisal programs in place
  • Liquids rich production and reserves

FINANCIAL INFORMATION

Sundance has the financial strength to successfully undertake its operational activities.

Income Statement Year End 31-Dec-18* Year End 31-Dec-17* Year End 31-Dec-16*
Oil and gas sales 164,925 104,399 66,609
Net profit (loss) after tax (28,139) (22,435) (45,694)
Adjusted EBITDAX 100,092 57,190 47,863
Balance Sheet Cash 1,581 5,761 17,463
Total assets 802,079 454,618 432,088
Debt, net of deferred financing fees 300,440 189,310 188,249
Shareholders’ Equity 393,375 177,351 197,823
Cash Flow Net cash provided by operating activities 75,285 74,776 42,660
Net cash used in investing activities (391,709) (92,503) (79,991)
Net cash provided by financing activities 312,267 6,063 51,776
Production and Commodity Prices Oil sales volume, MBbls 2,256 1,800 1,412
Natural gas sales volume, MMcf 4,534 3,621 2,941
NGL sales volume, MBbls 497 324 332
Sales volume, boepd 9,612 7,471 6,104
Oil price per barrel $62.16 $49.53 $40.56
Natural gas price per mcf $2.65 $2.41 $1.68
MGL price per barrel $25.51 $20.14 $13.20
*Amounts presented below are shown in US$ 000’s except amounts which are presented on a per unit basis.
Capital Management As of 31 December 2018 (US$mm) As of 31 December 2017 (US$mm) As of 31 December 2016 (US$mm)
Cash 1.58 5.76 17.46
Total Debt Facility 372.50 192.00 192.00
Long-term Debt Outstanding 315.00 192.00 191.75
Borrowing Availability 45.50

FINANCIAL INFORMATION

Sundance has the financial strength to successfully undertake its operational activities.

Income Statement Year End 31-Dec-18* Year End 31-Dec-17* Year End 31-Dec-16*
Oil and gas sales 164,925 104,399 66,609
Net profit (loss) after tax (28,139) (22,435) (45,694)
Adjusted EBITDAX 100,092 57,190 47,863
Balance Sheet Cash 1,581 5,761 17,463
Total assets 802,079 454,618 432,088
Debt, net of deferred financing fees 300,440 189,310 188,249
Shareholders’ Equity 393,375 177,351 197,823
Cash Flow Net cash provided by operating activities 75,285 74,776 42,660
Net cash used in investing activities (391,709) (92,503) (79,991)
Net cash provided by financing activities 312,267 6,063 51,776
Production and Commodity Prices Oil sales volume, MBbls 2,256 1,800 1,412
Natural gas sales volume, MMcf 4,534 3,621 2,941
NGL sales volume, MBbls 497 324 332
Sales volume, boepd 9,612 7,471 6,104
Oil price per barrel $62.16 $49.53 $40.56
Natural gas price per mcf $2.65 $2.41 $1.68
MGL price per barrel $25.51 $20.14 $13.20
*Amounts presented below are shown in US$ 000’s except amounts which are presented on a per unit basis.
Capital Management As of 31 December 2018 (US$mm) As of 31 December 2017 (US$mm) As of 31 December 2016 (US$mm)
Cash 1.58 5.76 17.46
Total Debt Facility 372.50 192.00 192.00
Long-term Debt Outstanding 315.00 192.00 191.75
Borrowing Availability 45.50

OPERATIONAL INFORMATION

1P RESERVES: 93.2 MMBOE, US$1,110 MILLION (1/1/2019) 1P RESERVES: 47.1 MMBOE, US$423 MILLION (1/1/2018) 1P RESERVES: 33.8 MMBOE, US$240 MILLION (1/1/2017)
Year End 31-Dec-18 Year End 31-Dec-17 Year End 31-Dec-16
ANNUAL SALES VOLUME Eagle Ford Formation 9,612 7,471 6,104
PROVED RESERVES (MBOE) Eagle Ford Formation 93,241 47,106 32,206
PROVED PV10 (US$M) Eagle Ford Formation 1,109.8 423.5 325.5

OPERATIONAL INFORMATION

1P RESERVES: 93.2 MMBOE, US$1,110 MILLION (1/1/2019) 1P RESERVES: 47.1 MMBOE, US$423 MILLION (1/1/2018) 1P RESERVES: 33.8 MMBOE, US$240 MILLION (1/1/2017)
Year End 31-Dec-18 Year End 31-Dec-17 Year End 31-Dec-16
ANNUAL SALES VOLUME Eagle Ford Formation 9,612 7,471 6,104
PROVED RESERVES (MBOE) Eagle Ford Formation 93,241 47,106 32,206
PROVED PV10 (US$M) Eagle Ford Formation 1,109.8 423.5 325.5

SHAREHOLDER SERVICES

Sundance Energy Australia Limited is listed on the Australian Securities Exchange.

ASX code: SEA

Share registry
Computershare Investor Services
Level 5, 115 Grenfell Street, Adelaide
South Australia, Australia, 5000

Telephone: +61(0)8 9323 2000
Fax: +61(0)8 9323 2033

www.computershare.com.au