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Just for a look!
SEA - Sundance Energy Australia
- Thread starter wipz
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Just for a look!
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Eley Griffiths Group, a fund manager specialising in Australian small companies, now has 5.02% of Sundance.
Interesting to see from their January report than they also have a significant holding in AUT. (2nd biggest holding in their Small Companies Fund portfolio.)
Interesting to see from their January report than they also have a significant holding in AUT. (2nd biggest holding in their Small Companies Fund portfolio.)
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Your chart prediction has been on target. SEA's spent quite some weeks hovering around 75c, but today has broken through 80c.
springhill
Make the drill work for YOU
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June 2012 Operations Update
Sundance Energy had net production for June 2012 of 43,170 barrels of oil equivalent (BOE) which equates to an average daily production rate of 1,439 BOE. The decline from May production of 1,528 boepd is due to normal production declines combined with production being shut-in during routine maintenance operations on several of Sundance’s larger working interest wells in the Williston Basin. The production mix for June was 77 percent oil and 23 percent liquids rich natural gas.
Two Sundance-operated wells, the Lamb 42-15 and the Lamb 32-15, came on production in June. These wells are located in the Wattenberg field of the DJ Basin and had initial production rates in the 90-110 boepd range. During the month, two additional wells were drilled in the same area and were being prepared for hydraulic fracturing at month-end. Sundance has a 100 percent working interest in all of these wells.
During the month the Company successfully completed fracture stimulation operations on the Leon Pecha 1-11H located in Alfalfa County, Oklahoma. The well has been flowing back on a gas lift recovering 300 - 500 barrels of fluid per day and through 30 June 2012 had recovered approximately 25 percent of the load water. The well has been cutting oil and natural gas since it started flowing back. The well is flowing back slower than expected due to low volumes of supply gas from the gas gathering system.
During June, four new wells came on production in the Company’s Goliath and South Antelope prospects in the Williston Basin. In addition, the Henderson 1-28/33H which reported initial production in January 2012 was fracture stimulated in several additional zones and came back on production during the month.
Sundance Energy had net production for June 2012 of 43,170 barrels of oil equivalent (BOE) which equates to an average daily production rate of 1,439 BOE. The decline from May production of 1,528 boepd is due to normal production declines combined with production being shut-in during routine maintenance operations on several of Sundance’s larger working interest wells in the Williston Basin. The production mix for June was 77 percent oil and 23 percent liquids rich natural gas.
Two Sundance-operated wells, the Lamb 42-15 and the Lamb 32-15, came on production in June. These wells are located in the Wattenberg field of the DJ Basin and had initial production rates in the 90-110 boepd range. During the month, two additional wells were drilled in the same area and were being prepared for hydraulic fracturing at month-end. Sundance has a 100 percent working interest in all of these wells.
During the month the Company successfully completed fracture stimulation operations on the Leon Pecha 1-11H located in Alfalfa County, Oklahoma. The well has been flowing back on a gas lift recovering 300 - 500 barrels of fluid per day and through 30 June 2012 had recovered approximately 25 percent of the load water. The well has been cutting oil and natural gas since it started flowing back. The well is flowing back slower than expected due to low volumes of supply gas from the gas gathering system.
During June, four new wells came on production in the Company’s Goliath and South Antelope prospects in the Williston Basin. In addition, the Henderson 1-28/33H which reported initial production in January 2012 was fracture stimulated in several additional zones and came back on production during the month.
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SEA has sold its South Antelope holdings for US$172.4M cash, which is well over its total market cap. Hence, SP rose 37.5% today.
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SEA and TXN both went into Trading Halt on yesterday. This was no coincidence, as it turns out. SEA plans to take over TXN, with TXN shareholders to receive 1 SEA share for every 2 TXN held.
[I hold both SEA and TXN.]
[I hold both SEA and TXN.]
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With the good results from TXN's latest two wells, SEA has finally moved upwards today. Having sat around 80c for weeks, it shot to 91c today, with a close at 89c.
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I started watching this on Wednesday and considered an entry this morning, now I have missed the first part of the move!
Will watch for it to follow through Monday. SEA has interest in the market and may be staging a decent comeback....85c is a very significant resistance level and must clear that for confidence to build.
Will watch for it to follow through Monday. SEA has interest in the market and may be staging a decent comeback....85c is a very significant resistance level and must clear that for confidence to build.
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Looks like 85c has been cleared pretty decisively, wouldn't you agree?
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It's moving well and I will look for an entry based on the technicals...
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It'll be interesting to see what you come up with. I entered at 43c based on my analysis that they were ludicrously undervalued.
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$ Well in that case I entered at 38c then... !
In reality I entered last night at 94c looking for the strength to stay. In hindsight the smart thing to do was buy the re-test of 85c but it's not always that simple.
In reality I entered last night at 94c looking for the strength to stay. In hindsight the smart thing to do was buy the re-test of 85c but it's not always that simple.
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SEA has absorbed TXN's Eagleford holdings, while the other parts of TXN have been spun off as Talon Petroleum (TPD).
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I would be expecting further strength based on the increased attractiveness of SEA with further assets and MC when bedded. They are certainly progressing well and growing strongly. I would be expecting to see further solid buying to indicate further interest from the bigger players.
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after the cap raising announcement the sea traded 17.7 mill in one day.. i sold entirely into that
after it bottomed (hopefully) to the low .80's i repurchased the same number of shares i sold and doubled up into tpd with the balance.. free shares.. which was trading at half of its cash value.
imho the next 180 days will hold a lot of upgrades and hopefully sea will exit 2013 with over 5000 bopd..
looks very undervalued if you minus the cash in hand and the cash it will generate in the coming 12 months
after it bottomed (hopefully) to the low .80's i repurchased the same number of shares i sold and doubled up into tpd with the balance.. free shares.. which was trading at half of its cash value.
imho the next 180 days will hold a lot of upgrades and hopefully sea will exit 2013 with over 5000 bopd..
looks very undervalued if you minus the cash in hand and the cash it will generate in the coming 12 months
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US revenue US dollar went up,, why did SEA go down???
continues to rise day in day out
US based, US operations, US $ revenue stream... Aussie dollar dove, oil went up Brent $1.04
this company is cashed up, and is going to dual list on the US exchange also i hear
massive upside to come 2nd half of 2013
continues to rise day in day out
US based, US operations, US $ revenue stream... Aussie dollar dove, oil went up Brent $1.04
this company is cashed up, and is going to dual list on the US exchange also i hear
massive upside to come 2nd half of 2013
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Re: US revenue US dollar went up,, why did SEA go down???
This is what keeps surprising me. The USD is now worth 15% more in AUD than it was 3 months ago, which means that companies such as SEA with all their operations and income in USD (apart from the cap raising) are worth 15% more, on top of any improvement in value in the company itself. However, this isn't being reflected in the stock values.
This is what keeps surprising me. The USD is now worth 15% more in AUD than it was 3 months ago, which means that companies such as SEA with all their operations and income in USD (apart from the cap raising) are worth 15% more, on top of any improvement in value in the company itself. However, this isn't being reflected in the stock values.
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large exit by an insto that apparently has no option but to sell
cant see sundance announcing anything until most of the exit is complete
should be getting solid production numbers for the 2013 exit
cant see sundance announcing anything until most of the exit is complete
should be getting solid production numbers for the 2013 exit
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A sudden increase in activity today and a big jump upwards.
Yesterday's close $0.965.
Today 9,300,941 traded at a max of $1.10, closing at $1.075.
Yesterday's close $0.965.
Today 9,300,941 traded at a max of $1.10, closing at $1.075.
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readthrough from the AUT takeover, along with AWE, LNR and whatnot
