SEA 0.00% 16.5¢ sundance energy australia limited

Ann: Operations Update, page-9

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  1. 41 Posts.
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    Looking through timing of past announcements the Sep quarterly will be released about 1 Nov.


    So if they release an operations update I'd have thought it would be next week or they'll start to run into the preparation of the quarterly. No requirement to but they should have 9 x 30 day IPs plus 6 x initial rates for new wells that they might want to yell about:

    Well NameCountySpudDateFracDateIP DateLength
    1Allen MCM 1HAMcMullen 21-Apr-18 06-Jul-18 17-Aug-18 8,015'
    2Allen MCM 2HAMcMullen 13-May-18 06-Jul-18 17-Aug-18 8,234'
    3Harlan Bethune 25HLive Oak 07-May-18 24-Jul-18 15-Aug-18 4,973'
    4Harlan Bethune 26HLive Oak 11-May-18 22-Jul-18 15-Aug-18 4,161'
    5Harlan Bethune 27HLive Oak 13-May-18 22-Jul-18 15-Aug-18 3,469'
    6Justin Tom 05HAtascosa 17-Jun-18 12-Aug-18 03-Sep-18 6,258'
    7Justin Tom 06HAtascosa 14-Jun-18 12-Aug-18 03-Sep-18 6,299'
    8Harlan Bethune 34HLive Oak 25-Jun-18 03-Aug-18 19-Aug-18 3,506'
    9Harlan Bethune 35HLive Oak 22-Jun-18 03-Aug-18 19-Aug-18 3,678'
    10James Keith Esse 06HLive Oak 26-Jul-18


    11James Keith Esse 07HLive Oak 22-Jul-18


    12James Keith Esse 08HLive Oak 24-Jul-18


    13James Keith Esse 09H  Live Oak 20-Jul-18


    14Idylwood 04HLive Oak 03-Aug-18


    15Idylwood 05HLive Oak 03-Aug-18


    The two long Allen wells will be interesting as they are a massive 8k feet but they are out in a somewhat isolated holding - so I'm wondering if they are true exploratory wells to see if they want any more leases out there. Might be a reason for sitting on their results

    Otherwise, depends on chokes but I'd have thought 30 day rates will be something like the following:
    McMullen 1,250 boe/d 60% Oil
    Atacosa 500 boe/d 90% Oil
    Live Oak - not sure yet but the wells are pretty close to the Atacosa fields so should be similar.


    Should also be a few more wells as from the half year they forecast 30-35 wells spudded + 22 IP wells in FY2018.
    June 30 had 11 spudded & 3 IP then add the 15 in above and we'll have 26 Spudded & 18 IP.

    So 2 a month for Oct, Nov & Dec and they should be right in the middle of the forecast of spuds and 10% up on their well targets for IPs.


 
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