3
A t year end, w e had 197 gross 3P Reserves drilling locations across our E agle F ord 
acreage w here w e continue to pursue operational and drilling efficiencies, opportunities 
to further im prove w ell econom ics by im proving recoveries and reducing costs. In 20 14 
this included a sw itch to pad drilling w ith zipper fracs and new  com pletion techniques 
that have provided significant upside in production. 
D espite our current scaling back of drilling activity , w e have set 20 15 production guidance 
at 7 ,8 5 0 – 8 ,50 0  B O E PD , an increase from  the previous year of som e 1 3 – 17  percent, 
but a target that w e believe is achievable w hile m aintaining acceptable levels of liquidity 
given our dem onstrated abilities and grow ing footprint in the E agle F ord. 
Safety and Environm ent 
Sundance has a strong culture throughout the organisation of ensuring that high standards 
of safety are m aintained and that our operations are conducted in an environm entally 
responsible w ay. D uring 20 14 our com prehensive safety program  w as enhanced and 
further im provem ents w ill be a strong focus throughout 20 15. 
A strong financial position 
Sundance is w ell placed for future grow th in the E agle F ord. The C om pany has a strong 
balance sheet to w ithstand the current low  oil price environm ent, and our sound financial 
m anagem ent strategy has seen the C om pany w ell supported by both new  and existing 
investors in A ustralia and internationally . 
W e expect that Sundance w ill grow  organically and also through further leasing or 
bolt-on acquisitions in our core E agle F ord focus area w ithin our current, conservative 
balance sheet param eters. 
Positive outlook for 2015 
D espite the current oil pricing scenario, Sundance’s m edium -to-long term  grow th 
trajectory looks very positive. 
W e can dem onstrate this through: 
• A  track record of capital efficient grow th 
• A  track record of value creation 
• B eing a low  cost/high m argin operator 
• H aving top tier E agle F ord assets w ith an extensive drilling inventory 
• H aving a clean balance sheet 
A s a m id-tier oil and gas producer and explorer in the S& P/A SX A ll A ustralian 20 0  index, 
and w ith the increasing interest and support from  institutional and retail investors. I believe 
that Sundance w ill deliver significant long-term  value from  our assets for our shareholders. 
Thank you for your support 
W e have had a busy year at Sundance and I w ould like to recognise the efforts and valued 
contribution of the B oard of D irectors, m anagem ent team  and all staff and contractors of 
the C om pany in helping us achieve our strategic goals. I am  confident that w e have the 
right team  and excellent assets in place to execute our clear and focused strategy that w e 
expect to deliver significant value for our shareholders. 
O n behalf of the B oard and C om pany , I w ould like to thank our shareholders for your 
strong support of the C om pany throughout the year. W e are com m itted to delivering 
long-term  value for our shareholders and I look forw ard to reporting over the rest of the 
com ing year on the continued value creation and grow th of Sundance. 
Yours sincerely , 
M IKE H AN N ELL 
C hairm an 
The C om pany has a 
strong balance sheet to 
w ithstand the current low 
oil price environm ent, 
and our sound financial 
m anagem ent strategy 
has seen the C om pany 
w ell supported by 
both new  and existing 
investors in Australia 
and internationally .