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16.5¢ sundance energy australia limited

SNDE is overdue on a number of updates... Some ppl happily gave...

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tt2000

4,980 Posts.

1248

06/08/20

08:04

Post #: 46335440
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Originally posted by cmonaussie ↑

Well some news on the LONE front that may light the path for SNDE ...
https://www.sec.gov/Archives/edgar/data/1661920/000166192020000062/exhibit101forbearancea.htm

1. Forebearance Agmt extended to 21 Aug

2. Appears an asset sale (Hawkeye) is imminent ... a shame because "Lonestar has completed its first 3 wells on the JDA leasehold and these wells have set records as the largest oil producers in the Company’s history. "
This was a JDA project in Feb'20
https://www.businesswire.com/news/h...-Announces-Eagle-Ford-Shale-Joint-Development
Lonestar originally bought Hawkeye asset in Feb'18 for $3.4M (on the steps of the courthouse from vendor bankruptcy). Ahh the circle of life

Is not SNDE overdue for an update on their Forebearance Agreement ??

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SNDE is overdue on a number of updates...

Some ppl happily gave them the 10% equity. Now they think this is way shareholders should be treated (no updates, no news)

The period they were asked to raise capital over ends in 55 days....

SEA Price at posting: 16.5¢ Sentiment: Hold Disclosure: Not Held
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