Sundance Energy Australia Ltd (SEA) reported year-end 2018 proved reserves as estimated by Ryder Scott Company, L.P. of 93.2 million barrels of oil equivalent (MMboe) representing a PV-10 of $1,110mm as calculated under US Securities and Exchange Commission (SEC) guidelines. This represents a ~98% increase in proved reserves and a ~191% increase in PV-10 value of proved reserves as compared to year-end 2017, largely driven by the Company’s successful acquisition of the Pioneer Natural Resources JV assets in April 2018.
