Sundance Energy Australia Limited announced unaudited consolidated earnings and operating results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported revenue of USD 53,824,000 against USD 31,584,000 a year ago. Loss before income tax was USD 19,276,000 against USD 5,685,000 a year ago. Loss attributable to owners of the company was USD 19,276,000 against USD 6,018,000 a year ago. Adjusted EBITDAX for the third quarter of 2018 was USD 30,426,000 against USD 19,490,000 a year ago.

For the nine months, the company reported revenue of USD 106,589,000 against USD 76,044,000 a year ago. Loss before income tax was USD 85,257,000 against USD 10,337,000 a year ago. Loss attributable to owners of the company was USD 92,867,000 against USD 11,764,000 a year ago. Adjusted EBITDAX was USD 51,894,000 against USD 42,039,000 a year ago. Net cash provided by operating activities was USD 30,248,000 against USD 56,199,000 a year ago. Payments for development expenditures were USD 85,325,000 against USD 91,069,000 a year ago. Payments for exploration expenditures were USD 6,401,000 against USD 8,336,000 a year ago.

Third quarter net production volumes were 1,024,987 Boe or 11,141 Boe/day, exceeding the high end of previously released third quarter production guidance of 10,000 to 11,000 Boe/d. Net production for the quarter represents an increase of 28% as compared to the same period for the prior year and a 46% increase as compared to the second quarter of 2018. Third quarter net production were 65% oil, 21% gas and 14% NGLs by volume.

Net production volumes for year to date 2018 were 2,323,329 Boe or approximately 8,510 Boe/d. Net production by volume for the same period was 61% oil, 25% gas and 15% NGLs.

Sundance's net production guidance for the fourth quarter of 2018 is 14,000 to 15,000 boe/d, and net production guidance for full year 2018 remains 9,000 to 10,000 boe/d. During the fourth quarter the Company intends to turn nine to eleven wells to sales.

For the quarter, the company reported impairment expense of USD 1,889,000 against USD 120,000 a year ago.