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16.5¢ sundance energy australia limited

need to understand why oil% has dropped If we exclude the “extra...

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tt2000

4,980 Posts.

1248

31/07/19

10:03

Post #: 39777250
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Originally posted by Mirabiledictu1 ↑

Aussie , tt , do you think we are heading in the right direction?
Capital draw of $10m looks to be a reduction.
Next quarter cash outflow of $58m , I think you can add $8.5m interest to that.About $4.5m above 2nd quarter cash outflow
Development costs I assume includes wells to maintain production and growth wells , so one would expect a level of production growth to increase income, IMO.
It just looks like we are still heading to cash flow positive by end of year .

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need to understand why oil% has dropped

If we exclude the “extra gas” contribution to the 13,850 boe which dropped us to 59%

It means our actual production was only 12,607 (i.e. 13,860 x 0.59 / 0.65)

Why has our production (excluding the bonus gas that was not expected) dropped to 12,607 for the quarter, despite 6 new wells coming on…

SEA Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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