SEA sundance energy australia limited
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Reserves Upgrade

  1. Tcb007
    22,127 Posts.
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    01/12/14
    20:19
    Post #: 14388077
    Reserve upgrade is due Q1 2015 - anyone buying at current prices will do very well here. Borrowing base is currently being upgraded on the back of reserves upgrade and increase production to 9,000 boed.

    SEA are cashed up and although oil has dropped to USD$64 a barrel, they will probably realize an average oil price of AUD$85 for the quarter (at today's rate $64 a barrel / 84c = AUD$76 a barrel), still very very profitable.
    SEA Price at posting: 60.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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