text: The Company’s exploration and development activities are focused in the Eagle Ford and the Mississippian/Woodford 
  Formations. Costs incurred for development and production expenditures for the Eagle Ford and Mississippian/Woodford 
  Formations during the year ended 31 December 2014 totalled $324.0 million, which included $295.9 million of drilling and 
  development expenditure related to our 2014 plan, $3.8 million on infrastructure, and $24.3 million of drilling and 
  development expenditure related to our 2015 plan. This investment resulted in the addition of 75 gross (42.7 net) wells into 
  production, including 50 gross (39.5 net) Sundance-operated horizontal wells. An additional 24 gross (13.7 net) wells were 
  drilling, being prepared for fracture stimulation or testing as at 31 December 2014, an increase of 7 gross (3.0 net) compared 
  to the beginning of the year. 
  
  *Acquisitions*
  In April 2014, the Company acquired approximately 4,800 net acres in the Eagle Ford for an initial purchase price of 
  approximately $10.5 million and two separate earn out payments due upon commencement of drilling in each of three blocks 
  of acreage (total for all three blocks of $7.7 million) and payout of the first two wells drilled on each block of the acreage 
  ($7.7 million). The term of the agreement is two years and provides a one year extension for $500 per acre extended. This 
  acquired acreage is adjacent to our existing acreage in McMullen County, Texas. 