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STS - Sundance sets moderate development pace for low-cost growth April 21019
Having slowed drilling during 4Q18 in response to oil price reductions, Eagle Ford driller Sundance Energy Australia plans to maintain a moderate development pace this year.It expects to bring 25 wells online at a capital cost of $135-155 million and increase sales volumes more than 50% YOY at midpoint to a 2019 average of 14,000-15,000 boe/d while operating within cash flow. At this pace, the Australia-listed company says it has 429 drilling locations with full-cycle breakevens below $30/bbl, representing a 17-year inventory.......
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