SEA sundance energy australia limited

SEA Value Proposition, page-4

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    2P Reserves: 170.7 mmboe
    NPV
    at 10% of US$936.6m or A$1.2 billion, based on WTI oil price US$59/bl in 2018 then gradually reducing to US$51.67/bl 2023 & thereafter.

    Currently oil price is at USD$70/bl, this will lift valuation substantially.
    SEA is to produce 21,000-22,000 Boe/d in 2019 which, at a $56 per barrel West Texas Intermediate oil price, generates approximately US$250 million in EBITDA.

    A reasonably modest US$5 change in the price of crude will move Morgans’ valuation by a very significant circa 6 cents per share.


 
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Currently unlisted public company.

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