Sundance Energy Australia Limited
ASX:SEA ISIN:AU000000SEA7
Sundance Energy Australia Ltd. is an Adelaide-based, independant energy exploration company. Its wholly owned US subsidiary, Sundance Energy, Inc., is located in Boulder, Colorado, USA. Sundance was created for the purpose of acquiring and exploring oil and gas rich acreage in Australia and the United States. Presently the Company owns acreage in the Cooper/Eromanga Basin of Australia totalling approximately 2,500,000 acres (4,000 sq. km.). In addition, Sundance owns oil and gas rights in greater than 8,500 mineral acres in the Arkoma Basin of Oklahoma, and approximately 3,000 mineral acres in the prolific Elm Coulee Bakken shale oil field in Montana. The Oklahoma prospect is focused on shallow, non conventional, blanket gas resevoirs, while the Montana prospect targets over-pressured shale oil resevoirs. The Australian permits are focused on larger, more conventional oil and gas structures. For 2006, Sundance expects to drill a minimum of three wells in Australia and ten wells in the
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News
As indicated in its ASX Release of 23 June, Beach Energy Limited (ASX:BPT) (PINK:BEPTF) is now reporting on its routine drilling activities on a monthly rather than a weekly basis. Reporting will be made on the first Wednesday of each month. To meet its Listing Rule obligations, Beach will continue to make immediate disclosure to ASX of material issues, as required.
Beach Energy Limited (ASX:BPT) releases Letter To Shareholders from chairman Bob Kennedy, June 2010.
Beach Energy Limited (ASX:BPT) (PINK:BEPTF) announces weekly drilling report for the week ending 9 June 2010.
Beach Energy Limited (ASX:BPT) (PINK:BEPTF) releases Quarterly Report ending 31 March 2010.
Beach Energy Limited (ASX:BPT) (PINK:BEPTF), through its wholly owned subsidiary Beach (USA) Inc., has entered into an agreement with Sundance Energy Inc. a wholly owned subsidiary of Sundance Energy Australia Limited (ASX:SEA) (PINK:SDCJF) to acquire an approximately 18.5% net revenue interest in lease area Section 25 being part of Sundance's South Antelope oil prospect in the Bakken shale of North Dakota in the USA.
Beach Energy Limited's (ASX:BPT) (PINK:BEPTF) international oil diversification and first-mover initiatives with its Cooper Basin shale gas strategy came strongly into view in the December quarter.
Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) today signed a Memorandum of Understanding (MOU) with the Toronto-listed downstream energy, infrastructure and services company to investigate opportunities for the development and commercialisation of Beach's unconventional Cooper Basin gas and petroleum liquids resources.
Beach Petroleum Limited (ASX:BPT) And Sundance (ASX:SEA) Pursues Unconventional Oil And Gas Reserves
Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) and Sundance Energy Limited (ASX:SEA) will work together to pursue unconventional oil and gas reserves in Australasia and, possibly, in other parts of the world. The companies have signed a Memorandum of Understanding (MOU) to work together to identify, evaluate and acquire interests in unconventional oil and gas plays.
Australia's Sundance Energy Limited has added its first oil production in the United States to its current gas output there under a A$1.2 million well and acreage acquisition announced today.
An Australian explorer has expanded its oil and gas interests in a third US state in a new 50-50 joint venture with an American company operating several hundred wells across six states.
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