Sundance Energy increases 2P reserves following last years' US acquisition

ONSHORE US-focussed explorer Sundance Energy Australia has announced an increase to its proven reserves estimate, bringing its total proved reserves at year-end 2018 to 93.2 million barrels of oil equivalent.

Sundance Energy increases 2P reserves following last years' US acquisition Sundance Energy increases 2P reserves following last years' US acquisition Sundance Energy increases 2P reserves following last years' US acquisition Sundance Energy increases 2P reserves following last years' US acquisition Sundance Energy increases 2P reserves following last years' US acquisition
 
The updated reserves evaluation was provided by firm Ryder Scott and represent a 98% increase in proved reserves, and a 191% increase in ‘present value' of estimated future oil and gas