Sundance Energy Australia Limited reported unaudited consolidated earnings and production results for the first quarter ended March 31, 2017. For the quarter, revenue was $23,233,000. Income before income tax was $3,118,000. Income attributable to owners of the Company was $2,467,000. Net cash provided by operating activities was $19,033,000. Adjusted EBITDAX was $13,804,000. Total revenue doubled as compared to the same prior year period, primarily driven by higher product pricing, which increased 79%.

The company expects full year production of 7,700-8,500 Boe/d.

The company anticipates second quarter 2017 production to be 5,300-5,700 boe/d. The expected decline is caused by approximately 1,000 boe/d of production declines from wells producing as of December 31, 2016 and the sale of approximately 650 boe/d with the Oklahoma asset sale.

For the second half of 2017, the company expected decline from PDP Wells drops to approximately 9.5% per quarter.

8 gross (7.7 net) wells will begin production throughout the third quarter of 2017

3 gross (3.0 net) wells will begin production throughout the fourth quarter of 2017. These wells will drive production growth for the Company in the second half of 2017.