Daily Archives: June 15, 2018

Sundance Energy Provides June 2018 Operational Update

DENVER, June 15, 2018 (GLOBE NEWSWIRE) — 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 development activities on both its legacy acreage and the acreage recently acquired from a JV controlled by Pioneer Natural Resources.

Sundance has completed drilling (“SPUD to TD”) the Harlan Bethune 25H, 26H and 27H three well pad on its recently acquired Live Oak County assets in 33 days. During the course of drilling the Company encountered significant gas kicks and produced condensate to surface. The Patterson 229 rig will be moved to the two well Harlan Bethune 34H and 35H pad in Live Oak County.

Additionally, Sundance is mobilizing the Patterson 589 rig to the two well Justin Toms pad on its recently acquired Atascosa County assets and expects to begin drilling this week.

Sundance completed fracking three of the legacy McMullen County wells it drilled during the first quarter. The Paloma Ranch 7H well had a completed lateral length of 7,690’ and initiated flowback on 2nd June. Production to date has outperformed expectations. Sundance has just drilled out the plugs on the Peeler Ranch 8HC and 9HC wells with completed lateral lengths of 5,642’ and 5,820’ respectively. Initial production of the Peeler Ranch wells is estimated on 16th June.

Sundance intends to mobilize the frac crew to its McMullen County Allen MCM 1HA and 2HA wells in late June, and subsequently to the Harlan Bethune 25H, 26H and 27H three well pad in late July.

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.

VFF President congratulates media agencies on Vietnam Revolutionary Press Day

President of the Vietnam Fatherland Front Tran Thanh Man on Friday visited the Vietnam Journalists’ Association, Vietnam News Agency, and the Great Solidarity Newspaper on the occasion of the 93rd Vietnam Revolutionary Press Day on June 21.

Mr. Man said journalists have increased coverage of emulation campaigns, especially movements to call on people’s joint efforts to develop new style rural areas and civilized urban areas, to prioritize the use of Vietnamese goods, and to enhance quality and efficiency of international integration efforts. The movements have been launched by the Vietnam Fatherland Front.

Mr. Man said he hopes media agencies will continue to work with the Vietnam Fatherland Front at all levels to disseminate information on the Front’s movements and campaigns.

Source: VOV5

National Assembly’s 5th session shifts from speech delivery to debate

The just-concluded 5th session of the 14th National Assembly approved 7 laws and 8 resolutions to fine-tune the legal system on economic development, human rights, defense capacity build-up, and security, among others.

Nguyen HanhPhuc, Secretary General of the National Assembly and Head of the Assembly’s Office told the media of the National Assembly session’s outcomes in Hanoi on Friday. He said the legislature questioned Deputy Prime Minister VuongDinh Hue, the Minister of Transports, Minister of Natural Resources and Environment, Minister of Labor, Invalids, and Social Affairs, and Minister of Education and Training. Due to shortened duration of questions and answers, more deputies were able to put their questions and the quality of Q&A was improved. Mr. Phuc said the session was held in an active, frank, and democratic manner, shifting from speech delivery to debates. Debates were constructive, candid, and straightforward, reflecting deputies’ responsibility, passion, and acceptance of opinions from voters and people. The session’s outcomes showed that the National Assembly is closer to the people and has drawn more public attention.

At the press conference, Nguyen Thanh Hong, permanent member of the National Assembly’s Defense and Security Committee, refuted concerns that the newly-approved Law on Cyber Security will affect internet and telecommunications service providers. He said the law has reflected opinions from Vietnamese voters and experts from the US, Australia, the EU, and international organizations to meet cyber security needs.

Source: VOV5

Get-together marks 65th anniversary of Moncada Barracks attack

A gathering took place in the southern province of Ba Ria�Vung Tau to celebrate the 65th anniversary of the attack on the Moncada Barracks.

The event was hosted by the Vietnam Union of Friendship Organizations (VUFO) and the Vietnam � Cuba Friendship Organization in the province. Cuban Consul General to Ho Chi Minh City Indira Lopez Arguelelles said the gathering has increased mutual understanding and strengthened the brotherhood between Vietnam and Cuba. Vice Chairman of the provincial People’s Committee Dang Minh Thong said the two nations have always stood side by side in the struggle for national independence, freedom and happiness of their people.

Source: VOV5

Micronesian Speaker of the Congress concludes Vietnam visit

Micronesian Speaker of the Congress Wesley W. Simina left Hanoi on Friday, concluding his official visit to Vietnam at the invitation of National Assembly Chairwoman Nguyen Thi Kim Ngan.

During his visit, Speaker Simina held talks with Chairwoman Ngan, and had meetings with President Tran Dai Quang and Prime Minister Nguyen XuanPhuc.

Both sides highly valued the importance of the Vietnam-Micronesia relations, saying that the official visit affirms commitments to boosting the two countries’ ties on the occasion of the 23rd anniversary of their diplomatic ties. The leaders agreed on key cooperation fields, including agriculture, aquaculture, and tourism.

Vietnam and Micronesia will sign cooperation agreements in the fields of their strength, coordinate and support each other in forums and organizations, particularly at the United Nations.

Source: VOV5

PM Nguyen XuanPhuc arrives in Bangkok for ACMECS 8, CLMV 9

Prime Minister Nguyen XuanPhuc and his entourage arrived in Bangkok, Thailand, on Friday afternoon for the 8th Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy Summit (ACMECS 8) and the 9th Cambodia-Laos-Myanmar-Vietnam Summit (CLMV 9).

He met with his Thai counterpart Prayut Chan-ocha and witness the signing of a Memorandum of Understanding between Kasikorn Bank and the Vietnamese Ministry of Planning and Investment’s Enterprise Development Agency later the same day.

On Saturday, PM Phuc will attend the opening ceremony of ACMECS 8 and CLMV 9. He will also meet with leaders of countries who are attending the summits.

Source: VOV5

National Assembly’s 5th session is well-organized: Voters

The 14th National Assembly concluded its 5th session on Friday, receiving positive feedback from voters.

Nguyen Van Dung, a citizen in Da Nang city, hailed the quality of Q&A sessions: “The NA meeting was well-organized and witnessed some practical and important improvements. Ministers explained issues directly and seriously and listened to opinions carefully during discussions, creating a democratic and responsible manner.”

Voter Dang Van Thanh of QuangNinh province said: “The NA 5th session resolved many problems in a short period of time. We’re very pleased with the way NA Chairwoman chaired the session and ministers gave concrete and straight answers which helped address voters’ concerns.”

Voter Ho Ngoc Anh of Ho Chi Minh city said: “Much progress has been made, both in content and format. The National Assembly Standing Committee’s facilitation was orderly and thorough. Though this session was shorter than previous ones, it adopted many laws related to national security and development. I want to see strict implementation of the newly-approved cyber security law.”

Source: VOV5