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Company News Summary

Sundance Energy Australia Reports Positive Cash Flow of $2.35m for the March 2019 Quarter

16 May 2019  |  19:49:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Quarterly Activities and Cashflow Report

Sundance Energy Australia reported positive cash flow of $2.35m for quarter ended 31 March 2019. Operating cash flow for the period was $(27.61m). Payments for exploration and evaluation were $(230,000). Investing cash flow was $(42,000). Financing cash flow was $30m. Cash in hand at the end of the quarter was $3.92m. The Company announced that it met its sales volume guidance for the first quarter of 2019. The Company's first quarter sales volume averaged 12,300 Boe/d, towards the top end of first quarter sales volume guidance of 11,500 to 12,500 Boe/d. The Company actively hedged during the quarter to lock in price protection for its 2019 development plan.

Consolidated Statement of Cash Flow for the Quarter ended 31 March 2019

Current Quarter US$'000- 31 March 2019 Year to Date US$'000-3 Months
Net Operating Cash Flows (27,612) (27,612)
Net Investing Cash Flows (42) (42)
Total Operating and Investing Cash Flows (27,654) (27,654)
Net Financing Cash Flows 30,000 30,000
Net Increase (Decrease) in Cash Held 2,346 2,346
Cash at Beginning of Quarter/Year to Date 1,581 1,581
Cash at End of Quarter 3,923 3,923
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