DENVER, Aug 2 (Bernama-GLOBE NEWSWIRE) -- Sundance Energy Australia
Limited (ASX:SEA) (“Sundance” or the “Company”), a U.S. onshore oil and
gas exploration and production company focused in the Eagle Ford and
Greater Anadarko Basin, reported its unaudited second quarter 2016
results as filed with the Australian Securities Exchange (ASX).
Second Quarter 2016 Financial Results
Adjusted EBITDAX of $10.3 million substantially funded development expenditures of $10.9 million for the quarter ended June 30, 2016.
Cash operating costs continued to decline from $14.17/Boe for the year ended 31 December 2015 to $12.29/Boe for the six month period ended 30 June 2016.
Successfully raised A$80 million in a two tranche placement, resulting in pro forma cash of US$53 million as of June 30, 2016 (inclusive of net proceeds from the second tranche of US$51 million received in mid-July).
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Second Quarter 2016 Financial Results
Adjusted EBITDAX of $10.3 million substantially funded development expenditures of $10.9 million for the quarter ended June 30, 2016.
Cash operating costs continued to decline from $14.17/Boe for the year ended 31 December 2015 to $12.29/Boe for the six month period ended 30 June 2016.
Successfully raised A$80 million in a two tranche placement, resulting in pro forma cash of US$53 million as of June 30, 2016 (inclusive of net proceeds from the second tranche of US$51 million received in mid-July).
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