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Sundance Energy Australia Announces Increase in Borrowing Base to US$170m

16 May 2019  |  08:41:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Increase in Borrowing Base to US$170 Million

Sundance Energy Australia announced that the Company's bank group had completed its regularly scheduled spring borrowing base redetermination, resulting in unanimous approval for a borrowing base increase and pricing reduction. Borrowing Base availability increase of 39% from US $122.5m to US $170.0m. Reserves associated with the Dimmit asset were removed for calculation of the borrowing base so upon sale of the assets the borrowing base will not change.

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