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Sundance Energy Australia Limited Message Board

  • mcminc33 mcminc33 Apr 1, 2013 12:52 PM Flag

    Josh from SA atones for his article????????

    Here is what Josh added about Sundance....

    "Sundance....will run into serious headwinds in 2014. The majority of its production at the end of 2013 will be "new" from wells that are in the midst of their rapid first year decline. Sundance may have to replace more than half of its 2013 exit rate production just to keep production flat in 2014".

    Judicious use of the word "may" ("may have to replace") gets him off the hook from saying anything meaningful; but what does he recommend? Packing up and going home??

    Keep drilling Sundance and in the meantime, I'm going to wait for a correction from Josh.

    Mickey

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    • I guess dear ol Josh thinks Sundance will not plan to drill any new wells in 2014 then. Guess he didn't read the part where the company expects EFS production to drive company growth for 5-7 years or whatever it was rather than one. Guess he didn't read the part where the company predicted its Logan county acreage would prove to be an even better asset than the EFS acreage. Maybe Josh will do the reading next time before he turns in his homework.

    • Hi Mick, personally, I'm looking forward to those headwinds. Such as, a cool breeze off the ocean. Maybe even a Vacation in the Alps where my "headwind" money from Sundance will come to fruition. I don't get, I always thought there should be some kernel and of truth in journalism. These articles are a sham. GLTA, don't pay any attention to this Yahoo puppet.

      Sentiment: Strong Buy

 
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