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Sundance Energy Australia Provides Audited Reserve Report

11 Mar 2019  |  09:27:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Audited Reserve Report

Sundance Energy Australia announced year-end 2018 proved reserves as estimated by Ryder Scott of 93.2 million barrels of oil equivalent (MMboe) representing a PV-10 of $1,110mm as calculated under US Securities and Exchange Commission (SEC) guidelines. This represents a 98% increase in proved reserves and a 191% increase in PV-10 value of proved reserves as compared to year-end 2017, largely driven by the Company's successful acquisition of the Pioneer Natural Resources JV (Pioneer) assets in April 2018. The reserves were independently assessed by Ryder Scott. It has additionally calculated reserve information at a price deck of $55.00 West Texas Intermediate and $3.50/mmbtu Henry Hub gas, which is more indicative of the current prevailing commodity price environment.

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