Emerges from Chapter 11 Process Having Eliminated Over $250 Million of Funded Debt Obligations Company Now a Private Entity Under New Ownership and Guided by a New Board of Directors DENVER, April 23, 2021 -- Sundance Energy Inc. and its affiliates , an onshore independent oil and natural gas company focused on the development of large, repeatable resource plays in North America, today announced that it has successfully [...]
Company initiates voluntary, prepackaged Chapter 11 process that will eliminate over $250 million of funded debt obligations Chapter 11 process expected to conclude in approximately 60 days All operations to continue as usual; employees, vendors, royalty owners, and other trade creditors to continue being paid in full in the ordinary course of business Enters Chapter 11 process with at least $45 million of committed DIP [...]
Sundance Energy Inc. today announced that on May 18, 2020, it received confirmation from the Nasdaq Stock Market LLC that it has regained compliance with Nasdaq Listing Rule 5250(c)(1) following the filing of its Annual Report on Form 10-K for the year ended December 31, 2019, which was filed with the Securities and Exchange Commission on May 15, 2020. The letter also confirms that Nasdaq is closing the non-compliance [...]
Sundance Energy Inc. today announced that on April 13, 2020, it received notice from The Nasdaq Stock Market LLC that the Company is not presently in compliance with the Nasdaq continued listing rules since the Company has not yet filed its Form 10-K for the period ended December 31, 2019. In accordance with applicable Nasdaq listing rules, the Company plans to timely notify Nasdaq that it intends to pursue actions to [...]
Sundance Energy Inc. will be presenting at this year's Investor Summit on March 25th-26th. During the current climate of concern, The Spring Investor Summit will now take place virtually, featuring over 500 registered executives and investors. Investors will still be able to view all the company presentations directly in the conference event platform on the event days. 1:1's will now be scheduled and conducted via phone [...]
Sundance Energy Inc. today announced that it has rescheduled its fourth quarter and full year 2019 earnings call in order to allow for additional time to ensure the accuracy of its 2019 financial information due to the current economic environment, including circumstances related to the novel coronavirus global outbreak. The Company has also filed with the U.S. Securities and Exchange Commission a Form 12b-25 to [...]
Sundance Energy Inc. today provided details regarding its current hedge book and recent actions the Company has taken to improve its already robust hedge position to provide price certainty for 2020 and 2021. For the balance of 2020 from April through December, Sundance has hedges in place covering a total of 7,931 barrels of crude oil per day at a weighted average floor price of $54.08 per barrel. For the calendar year [...]
Sundance Energy Inc. today announced timing and details for its fourth quarter and full-year 2019 earnings call. Date: United States: Monday, March 16, 2020 – Australia: Tuesday, March 17, 2020 Time: United States: 4:00 PM MDT – Australia: 9:00 AM AEDT USA Participants Toll Free dial-in: 831-3022 Australian participants Toll Free dial-in: 1 80 0005 989 Australian Local dial-in: 02 82 239 773 Hong Kong [...]
Sundance Energy Inc. today announced management’s participation in several upcoming conferences during the month of February. Eric P. McCrady, Chief Executive Officer, is scheduled to present at the Enercom Dallas 2020 conference in Dallas, TX on Tuesday, February 11th, 2020 at 1:55 PM CST followed by a breakout question and answer session. A livestream of Mr. McCrady’s presentation will be available on the [...]
The EnerCom Dallas schedule is now live and will be updated continuously on the conference site Institutional investors, portfolio managers, financial analysts, CIOs and other capital market professionals who invest in the energy space should register now for the EnerCom Dallas energy investment conference, which is coming to The Tower Club February 11-12 in downtown Dallas. The EnerCom Dallas conference follows EnerCom's [...]
Sundance Energy Inc. today announced that the Company’s bank group has completed its scheduled fall borrowing base redetermination under the Company’s senior secured revolving credit facility, resulting in unanimous approval for a borrowing base increase to $210 million with an elected commitment of $190 million presently available, and an increase in the facility’s maximum credit amount to $500 million [...]
Sundance Energy Inc. today announced that Stephen J. McDaniel has been appointed to serve as an independent, non-executive member of the Company’s Board of Directors. Current Chairman of Sundance, Michael D. Hannell, will continue to serve as Chairman of the Board through December 31, 2019, at which time Mr. Hannell will step down and Mr. McDaniel will transition to the role of Chairman. As previously announced, Mr [...]
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