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16.5¢ sundance energy australia limited

Thanks, I agree it's not a disastrous situation but certainly a...

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bucks369

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14/02/19

13:11

Post #: 37436243
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Originally posted by moremoneyplease: ↑

yeah I have said that for a long time

the rvolver allowance is at 120 odd and they would have drwn down a substantial part of that by end Q1 and on next redtermination they will not get more because wti has dropped 15$ since the last determination - thus they have to live within receipts + say 20m

this is the real reason they are slowing production but the lesson they learnt from the past is production cuts are a necessity to save capital. Now I not saying we in disaster territory but i am saying they need to be extremely careful.

reason sp at around 40c is market waiting to c if can manage nd get to say 17.500 - 20000 boepd without running out of cash - thats the issue holding sp back and is why I say we need oil to be around 60$ by year end and they need to sell the Co at that time for around 1.50 min

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Thanks, I agree it's not a disastrous situation but certainly a risk. Any idea on the 2019 capex budget plan?

SEA Price at posting: 39.0¢ Sentiment: Hold Disclosure: Held
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