NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 
 
NOTE 20 – OTHER NON-CURRENT ASSETS 
 
Year ended 31 December 
2014 
US$’000 
2013 
US$’000 
   
Escrow accounts       998    2,000 
Other             -           19 
    Total other non-current assets       998     2,019 
 
 
NOTE 21 – TRADE AND OTHER PAYABLES AND ACCRUED EXPENSES  
 
 2014 2013 
Year ended 31 December US$’000 US$’000 
   
Oil and natural gas property and operating related     117,117   123,938 
Administrative expenses, including salaries and wages        2,077         5,146 
Total trade, other payables and accrued expenses    119,194    129,084 
 
At 31 December 2013, the Group had payable balances of $16.7 million which was  outside normal payment terms, 
offset by a receivable balance of $11.7 million to the same creditor company (see Note 12 for additional 
information).  The Company’s remaining Bakken assets were sold to this company in July 2014, for approximately 
$14.0 million, including the settlement of the net liability. 
 
NOTE 22 – CREDIT FACILITIES  
 
 2014 2013 
Year ended 31 December US$000 US$000 
   
Senior Credit Facility      95,000    15,000 
Junior Credit Facility      35,000      15,000  
Total credit facilities 130,000 30,000 
Deferred financing fees      (1,195)         (859) 
Total credit facilities, net of deferred financing fees    128,805      29,141 
 
Junior Credit Facility 
In August 2013, Sundance Energy, Inc. (“Sundance Energy”), a wholly owned subsidiary of the Company, entered 
into a second lien credit agreement with Wells Fargo Energy Capital, Inc., as the administrative agent (the “Junior 
Credit Facility”), which provides for term loans to be made in a series of draws up to $100 million. The Junior Credit 
Facility matures in June 2018 and is secured by a second priority lien on substantially all of the Company’s assets. 
Upon entering into the Junior Credit Facility, the Company immediately borrowed $15 million pursuant to the terms 
of the Junior Credit Facility and paid down the outstanding principal of the Senior Credit Facility. In May 2014, the 
Company’s borrowing capacity increased to $35 million.  As at 31 December 2014, the borrowing capacity under the 
Junior Credit Facility remains at $35 million. 
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