Expect Strong Production Drive Upside From Sundance Energy
- Sundance Energy has completed the divestment of non-core assets and is now focused on high impact development of core oil & gas assets.
- From a production of 2,966boepd in FY13, the company expects production ramp-up to 7,100boepd in FY14, providing big revenue bump-up.
- High impact exploration program in Eagle Ford will convert massive 3P reserves into 2P reserves and this will support stock upside.
- High financial flexibility ensures funds for high capital expenditure and potential acquisitions.