text: For the years ended 31 December 2014 and 2013, the Company capitalised $0.7 million and $0.3 million, 
  respectively, of financing costs related to the Junior Credit Facility, which offset the principal balance. As at 31 
  December 2014 there was $35.0 million outstanding under the Company’s Junior Credit Facility. As at 31 December 
  2014, the Company was in compliance with all restrictive financial and other covenants under the Junior Credit 
  Facility. 
  
  **Senior Credit Facility**
  
  On 31 December 2012, Sundance Energy entered into a credit agreement with Wells Fargo Bank, N.A. (the “Senior 
  Credit Facility”), pursuant to which up to $300 million is available on a revolving basis. The borrowing base under 
  the Senior Credit Facility is determined by reference to the value of the Company’s proved reserves. The agreement 
  specifies a semi-annual borrowing base redetermination and the Company can request two additional 
  redeterminations each year. The borrowing capacity was increased from prior year to $110 million as at 31 
  December 2014 based on Company reserves as at 31 December 2014. As at 31 December 2014, the Company had 
  $15 million undrawn on the Senior Credit Facility. In conjunction with the increase in the borrowing base, the 
  Company has expanded the syndicate of banks under the Senior Credit Facility. With Wells Fargo as administrative 
  agent, Bank of America Merrill Lynch and the Bank of Nova Scotia have now joined the banking group. 