Ann: Quarterly Activities and Cashflow Reports , page-5

re: Ann: Quarterly Activities and Cashflow Re... Looks like the next quarterly ending June 2014 should show a substantial increase in production. This March quarterly was admittedly disappointing.


Costs incurred for exploration,
development and production expenditures in the quarter totaled $76.1 million, a decrease of $117.7
million (61 percent) over the same period in the prior year. Excluding the acquisition of properties,
related to the purchase of Texon, costs incurred for exploration, development and production
expenditures increased $60.1 million (389 percent). This investment resulted in the addition of 14 gross
(7.2 net) producing wells with an additional 39 gross (25.0 net) wells in progress as at 31 March 2014.
As at 31 March 2014, Sundance owned working interests in 225 gross (105.7 net) producing wells. New
wells brought in to production in the Eagle Ford formation were limited in the quarter due to the switch
to pad drilling late in the fourth quarter of 2013.