FAR's another response, page-54

There are funds etc out there looking to buy cheap assets. This bid is less than $100M but you never know.

Sundance Energy Australia Ltd (ASX: SEA) shares have surged higher by 33% to 14 cents today. The sharp rise in the energy exploration company’s share price comes following a huge piece of news hidden away within a plain old cleansing notice announcement. According to its cleansing notice, a US-based private equity manager has made a proposal to acquire all of the company's shares at US$0.14 in cash per share. Management stated that: "SEA notes that the Proposal is confidential and is materially below the fair value of its assets, uncertain, subject to due diligence and highly conditional. While SEA has commenced discussions with the proponent, there is no guarantee that a binding proposal will be forthcoming or that a transaction may eventuate."
Sundance Energy Australia's shares are still down by around 19% year-to-date.