UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934
For the month of July 2018
Commission File Number 000-55246
Sundance Energy Australia Limited
(Translation of registrant’s name into English)
633 17th Street, Suite 1950
Denver, CO 80202
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ☐ No ☒
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): n/a
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Exhibit Number |
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Description |
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99.1 |
ASX Market release, dated July 12, 2018 – Sundance Energy Provides July 2018 Operational Update |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Sundance Energy Australia Limited |
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Date: July 13, 2018 |
By: |
/s/ Cathy L Anderson |
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Name: |
Cathy L. Anderson |
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Title: |
Chief Financial Officer |
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Exhibit 99.1
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ASX Announcement |
12 July 2018 |
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32 Greenhill Road, Wayville, South Australia 5034 ACN112 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
FOR IMMEDIATE RELEASE
General Manager The Company Announcements Office Australian Securities Exchange
Sundance Energy Provides July 2018 Operational Update 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 The Paloma Ranch 7H well had a completed lateral length of 7,690’ and initiated flowback on 2nd June. Initial 30-day production (“IP-30”) results were 1,345 barrels of oil equivalent per day with oil representing 62% (or 829 barrels) of volumes. The Peeler Ranch 8HC and 9HC wells initiated flowback on 26th June and had completed lateral lengths of 5,642’ and 5,820’ respectively. Early Peeler Ranch production results to date are in line with well performance expectations.
Drilling Activities Sundance began drilling both wells on the two well Harlan Bethune 34H and 35H pad in Live Oak County with the Patterson 229 rig during the third week of June. The Company has completed drilling the 35H well and is presently drilling the intermediate section of the 34H well.
Sundance additionally mobilized the Patterson 589 rig to the two well Justin Tom 05H and 06H pad in Atascosa County and began drilling both wells during the second week of June. The Company has finished drilling, casing and cementing the vertical section of both wells and is presently drilling ahead in the lateral of the 05H well.
Sundance has executed a one year contract on the Patterson 229 rig and a 90 day contract on the Patterson 589 rig, both at fixed day rates in-line with assumptions used for the Company’s previously announced capital expenditure program.
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ASX Code: SEA |
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Completion Activities
Sundance mobilized its frac crew to the two well Allen MCM 1HA and 2HA pad in McMullen County and initiated the frac job on 6th July. Initial production of the Allen wells is estimated on 1st August. The Company has prepped the recently drilled three well Harlan Bethune 25H, 26H and 27H pad in Live Oak County for frac and intends to mobilize the frac crew there in late July following completion of the frac jobs on the Allen wells. The Company anticipates completing and beginning production on 10 wells in the third quarter.
Year to Date Activities Overview
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Well Name |
County |
Spud |
Frac Start |
IP Date |
Completed Lat Length |
30-Day |
% Oil |
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Paloma Ranch 7H |
McMullen |
18-Jan-18 |
17-May-18 |
2-Jun-18 |
7,690' |
1,345 |
62% |
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Peeler Ranch 8HC |
Atascosa |
1-Mar-18 |
28-May-18 |
26-Jun-18 |
5,642' |
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- |
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Peeler Ranch 9HC |
Atascosa |
24-Mar-18 |
28-May-18 |
26-Jun-18 |
5,820' |
- |
- |
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Allen MCM 1HA |
McMullen |
21-Apr-18 |
6-Jul-18 |
- |
- |
- |
- |
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Allen MCM 2HA |
McMullen |
13-May-18 |
6-Jul-18 |
- |
- |
- |
- |
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Harlan Bethune 25H |
Live Oak |
7-May-18 |
- |
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Harlan Bethune 26H |
Live Oak |
11-May-18 |
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Harlan Bethune 27H |
Live Oak |
13-May-18 |
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Justin Tom 05H |
Atascosa |
17-Jun-18 |
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Justin Tom 06H |
Atascosa |
14-Jun-18 |
- |
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Harlan Bethune 34H |
Live Oak |
25-Jun-18 |
- |
- |
- |
- |
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Harlan Bethune 35H |
Live Oak |
22-Jun-18 |
- |
- |
- |
- |
- |
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For more information, please contact:
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United States: John Roberts VP Finance & Investor Relations Tel: +1 (720) 638-2400 |
Eric McCrady
CEO and Managing Director |
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Australia: Mike Hannell
Chairman |
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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.
Forward Looking Statements
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.
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