snde_Current Folio_6-K

 

 

 

 

 

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

 

 

 

 

 

 


 

 

 

 

 

Exhibit

Number

 

Description

99.1

 

ASX Market release, dated July  12, 2018 – Sundance Energy Provides July 2018 Operational Update

 

 

 

 

 

 

 

 

 

 

 

 

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.

 

 

 

 

 

 

 

Sundance Energy Australia Limited

 

 

 

 

Date: July 13, 2018

By:

/s/ Cathy L Anderson

 

Name:

Cathy L. Anderson

 

Title:

Chief Financial Officer

 

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snde_Ex99_1

Exhibit 99.1

 

 

 

ASX Announcement

12 July 2018

 

IMG_0027

 

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.

 

ASX Code: SEA

 

M:\CLIENTS (Retainer)\Sundance Energy Australia (SEA)\Images\IMG_1010desat.jpg

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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

 

 

 

 

 

 

 

 

 

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'

-

-

Peeler Ranch 9HC

Atascosa

24-Mar-18

28-May-18

26-Jun-18

5,820'

-

-

Allen MCM 1HA

McMullen

21-Apr-18

6-Jul-18

-

-

-

-

Allen MCM 2HA

McMullen

13-May-18

6-Jul-18

-

-

-

-

Harlan Bethune 25H

Live Oak

7-May-18

-

-

-

-

-

Harlan Bethune 26H

Live Oak

11-May-18

-

-

-

-

-

Harlan Bethune 27H

Live Oak

13-May-18

-

-

-

-

-

Justin Tom 05H

Atascosa

17-Jun-18

-

-

-

-

-

Justin Tom 06H

Atascosa

14-Jun-18

-

-

-

-

-

Harlan Bethune 34H

Live Oak

25-Jun-18

-

-

-

-

-

Harlan Bethune 35H

Live Oak

22-Jun-18

-

-

-

-

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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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.

 

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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