SEA 0.00% 16.5¢ sundance energy australia limited

Ann: Agreement to Sell Dimmit County Assets for US$29.5 Million, page-41

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  1. 11,058 Posts.
    lightbulb Created with Sketch. 3715
    I can't show you that number because it is not separated and never has been (as confirmed by Xman from EM).

    Just like I can't show you McMullen, or Live Oak or Atascosa or any county separately.

    All I/we/anyone can do is
    (a) what impact does that (small) piece have on the business ... i.e. Borrowing Base ... none
    (b) production guidance ... none

    I guess I more fully understand your question now, but I still don't see how that level of granularity is useful. The $value of reserves is most important ... and that takes care of the oil/gas ratio anyway. Now you'd be right in saying but the $value of assets declined ... true partially ... the property declined by the amount held for sale (~$24M) but cash went up (~$29M).

    So arguably, balance sheet wise, we are more valuable by US$5M

    I do agree, it would be useful to know the current Reserves amount in volume ... in that regard you are correct (happy?)

    I guess the next presentation should acknowledge the asset disposition and reduce the number.




 
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