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Sundance Energy Australia Limited Message Board

  • naga00 naga00 Oct 18, 2013 1:21 PM Flag

    brief conversation with management

    1. US listing is being discussed- no other comment.
    2. ask about bakken! company plans on selling balance of bakken play near term. ( means more money)

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    • Naga00, with respect to US listing, I firmly believe this is going to be the canned response from Eric on that topic going forward. Expect to see a slow grind upward in share price as each 5,000 boepd milestone is reached. Its too bad that he can't tell you truthfully what the plan is, because they have been discussing this now for over 1 year. How long should it reasonably take to come up with a solid plan or decision? So I am going to have to assume your getting the brush off my friend. Thanks for the info update all the same. :-)

      • 1 Reply to jpat1782
      • i agree - either get it listed or be happy that your stock is priced below its peer group!
        I say file the docs , pay the fees and get respect- AU has 32 million humans vs 330 million humans
        in the US- even with Obama we still have greater buying power 10X~ Do not know what the hold up is, but am willing to wait because eventually we will be sold~ eric says 20k by end of 2015 or 16- the share price must appreciate regardless!
        Management knows oil, but do they really understand the market- i don't know.
        They went to the conference and you could tell that their was at least 40-50 people listening to the presentation- not much volume because their is no volume and they most likely do not want to buy in AU!
        So what comes first the chicken or the egg!
        I personally will assume both!
        little to zero risk!

        Sentiment: Strong Buy

    • Thanks Naga great info as always. I listened to the presentation today. You were right on A+, I hope to add to my position next week. With the Bakken sale I can't imagine any more dilution with more cash coming with asset sale. One question, would a US listing add more shares? (dilution) Thanks in advance