Bayshore Energy TX LLC entered into a definitive agreement to acquire the assets of Sundance Energy Australia Limited (ASX:SEA) in Dimmit County, TX for $29.5 million on July 17, 2019. The assets comprise 19 gross producing wells on 6,100 net acres. The transaction is subject to customary adjustments at closing and is expected to close prior to end of September 2019. As of August 16, 2019, The transaction is is expected to close by the end of the third quarter. Assets of Sundance Energy Australia Limited in Dimmit County, TX sale proceeds add to Sundance’s already robust liquidity position.