stocktake at 70c - lets look at the chart, page-4

WilsonsHTM Coverage
Sundance Energy Australia Limited (SEA): Initiation of Coverage

We are initiating coverage on Sundance Energy (SEA) with a Buy rating and price target of $0.88/sh. SEA is a petroleum exploration & production company focused on unconventional oil and gas prospects in the US, primarily in North Dakota (Bakken oil shale), Colorado (DJ Basin tight gas and oil shale) and Illinois (New Albany gas shale), and in Australia via its partnership with Beach Energy. SEA acquires and develops positions in early stage resource plays and applies technology to grow production and reserves. Although the share price has risen strongly since mid year we expect further upside given growing production and reserves.