Current SNDE Stock Info

By Tyler Losier, Energy Reporter, Oil & Gas 360

Sundance Energy sells Dimmit county assets for $29.5 Million
Sundance Energy Australia Limited (stock ticker: SNDE), along with its wholly-owned Denver-based subsidiary Sundance Energy Inc., has entered into a definitive agreement with an unnamed company to sell its Dimmit county, Texas assets for a purchase price of $29.5 million.

The assets in question are comprised of 19 gross producing wells spanning approximately 6,100 net acres, with an average production rate of 1,051 BOEPD for Q1 2019.

Based on the $29.5 million sale price and the associated production and acreage, the deal was valued at $28,069 per flowing BOEPD or approximately $4,800 per net acre.  This compares to...

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