Sundance Energy Australia Limited Announces Launch of Initial Public Offering of ADSs

  Sundance Energy Australia Limited Announces Launch of Initial Public
  Offering of ADSs

Business Wire

DENVER -- February 5, 2014

Sundance Energy Australia Limited (ASX: SEA) (“Sundance” or the “Company”)
announced today the commencement of its initial public offering (“IPO”) of
7,750,000 American Depositary Shares (“ADSs”), each representing 20 ordinary
shares of the Company. Sundance expects the IPO price to be between $16.50 and
$18.50 per ADS. Sundance has also granted the underwriters a 30-day option to
purchase up to an additional 1,162,500 ADSs at the offering price to cover
over-allotments, if any. The Company has applied to list the ADSs on the
NASDAQ Global Select Market under the symbol “SNDE.”

Sundance intends to use the net proceeds from the offering to accelerate its
development program, primarily in the Eagle Ford and the
Mississippian/Woodford, and for general corporate purposes.

Wells Fargo Securities, Canaccord Genuity and UBS Investment Bank are acting
as joint book-running managers for the offering. Scotiabank / Howard Weil and
Simmons & Company International are acting as co-managers.

The offering will be made in the United States only by means of a prospectus.
When available, copies of the prospectus may be obtained from:

Wells Fargo Securities
Attention: Equity Syndicate Department
375 Park Avenue
New York, NY 10152
Telephone: (800) 326-5897
Email: cmclientsupport@wellsfargo.com

Canaccord Genuity
Attention: Syndicate Department
99 High Street, 12th Floor
Boston, MA 02110
Telephone: (800) 225-6201

UBS Investment Bank
Attention: Prospectus Department
299 Park Avenue
New York, NY 10171
Telephone: (888) 827-7275.

A registration statement relating to these securities has been filed with the
Securities and Exchange Commission but has not yet become effective. These
securities may not be sold, nor may offers to buy be accepted, prior to the
time the registration statement becomes effective.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of these securities in any
state or other jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any such state or other jurisdiction.

About Sundance Energy Australia Limited

Sundance Energy Australia Limited is an independent onshore oil and natural
gas company focused on the exploration, development and production of large,
repeatable resource plays in North America. Its assets and operations are
concentrated primarily in south Texas, north central Oklahoma and central
Colorado.

This news release may contain forward-looking statements that reflect
Sundance’s current expectations regarding future events, including statements
regarding the timing of and listing of American Depositary Shares on the
NASDAQ Global Select Market and the proposed closing date of such offering.
Forward-looking statements involve risks and uncertainties. Actual events
could differ materially from those projected herein and depend on a number of
factors, including among others, risks impacting the ability of Sundance to
complete any public offering of its securities because of general market
conditions or other factors. Sundance undertakes no obligation to update or
revise the information contained in this press release, whether as a result of
new information, future events or circumstances or otherwise.

Contact:

Sundance Energy Australia Limited
United States
Eric McCrady, (303) 543-5706
Chief Executive Officer
or
Media enquiries
Rebecca Lawson, +61 2 8256 3332 / 0432 398 122
Mercury Consulting
rebecca.lawson@mercuryconsulting.com.au
or
Australia
Mike Hannell, +61 8 8363 0388
Chairman
 
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