SEA 0.00% 16.5¢ sundance energy australia limited

Ann: Agreement to Sell Dimmit County Assets for US$29.5 Million, page-32

  1. 2,851 Posts.
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    Maybe you should have spent more than 30 seconds reading the announcement as that May 2019 borrowing base announcement makes no mention of how much the reserves number was.
    All it says is that the new calculation excludes Dimmit.
    The March 2019 Audited reserve report clearly stated proved reserves of 93.2 MMboe and there is no mention of this number in the borrowing base announcement.
    Its always better to spend time looking at what specifically is said rather than spend 30 seconds on something.
    If you can show me something in 30 seconds that says the March 2019 reserve report did not include Dimmit then I will gladly admit I was wrong and you are correct.
 
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