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0.00% 7.0¢ strata-x energy limited

Sundance Energy (ASX:SEA) buys 5500 net acres in Maverick...

  1. Trojan1
    46 Posts.
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    26/05/14
    10:06
    Post #: 13414454
    Sundance Energy (ASX:SEA) buys 5500 net acres in Maverick County, 5500 net acres in Dimmit County & 200 BOEPD for $33m cash and committment to drill 4 wells..

    Has option to purchase remaining 40% WI in Dimmit and 20% WI in Maverick, and sellers interest in producing wells for a further $45m...

    Targeting Georgetown Formation in Maverick.. will be drilling verticals there.. More info on ASX.
    SXA Price at posting: 33.5¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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