News: SEA Sundance Energy Australia Ltd Q2 Net Sales Volumes Up 79%

Aug 16 (Reuters) - Sundance Energy Australia Ltd (SEA) :

• Q2 NET SALES VOLUMES WERE 1.3 MILLION BOE, UP 79%
• TOTAL REVENUE FOR QUARTER INCREASED 84% TO US $52.9 MILLION
• Q2 NET INCOME ATTRIBUTABLE US $3.8 MILLION
• FULL YEAR CAPITAL COST GUIDANCE REMAINS UNCHANGED AT US $135 TO $155 MILLION.
• DURING Q3, COMPANY ANTICIPATES AVERAGE SALES VOLUMES OF 14,000 TO 14,500 BOE PER DAY
• SALES VOLUMES GUIDANCE FOR FULL YEAR 2019 REMAINS UNCHANGED AT 14,000 TO 15,000 BOE PER DAY
• SUNDANCE ENERGY AUSTRALIA - BELIEVES IT HAS REACHED ITS PEAK DRAWN DEBT LEVEL AT END OF Q2 AND WILL BE FREE CASH FLOW POSITIVE IN H2 OF 2019
• FULL YEAR CAPITAL COST GUIDANCE REMAINS UNCHANGED AT US $135 TO $155 MILLION
• SECOND HALF CAPITAL SPENDING GUIDANCE IS USD$60 TO USD$65 MILLION