Sundance Energy Australia Limited Reports Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2016; Reaffirms Production Guidance for the Full Year 2016
For the quarter, the company produced 6,304 Boe/d down 3,277 Boe/d (34.2%) compared to the same period in 2015. Production declined as a result of the decision to defer well completions during this period of low commodity prices.
The company reaffirmed its 2016 full year guidance of 6,800 - 7,400 Boe/d.