Corporate Overview and Strategy Abbreviations & Definitions Sundance Energy Australia Limited (ASX: SEA) is an  onshore oil and natural gas company focused on the  exploration, development and production of large,  repeatable resource plays in North America. The Company’s oil and natural gas properties are located in premier U.S. oil and natural gas basins, and its current operational  activities are focused in south Texas targeting the Eagle Ford formation (‘‘Eagle Ford’’) and north central Oklahoma targeting the Mississippian and Woodford formations (‘‘Mississippian/Woodford’’). The Company utilises its U.S.-based management and technical team to appraise, develop, produce and grow its portfolio of assets. The Company’s strategy focuses on generating cash flow from its existing production base,  developing assets where it is the operator and has high working interests, exploring for additional resources within its existing basins and pursuing strategic merger and acquisition opportunities, which positions it to  control the pace of its development and the allocation  of capital resources.  1P Reserves — proved reserves which have at least a 90% probability that the quantities actually recovered will equal or exceed the estimate 2P Reserves — proved plus probable reserves which have at least a 50% probability that the quantities actually recovered will equal or exceed the estimate 3P Reserves — proved plus probable plus possible reserves which have at least a 10% probability that the quantities  actually recovered will equal or exceed the estimate Enterprise Value or EV — market capitalisation less cash plus debt PV10 — discounted cash flows of the Company’s reserves using a 10% discount factor Bbl — one barrel of oil BOE — a barrel of oil equivalent, using the ratio of six Mcf of natural gas to one Bbl of crude oil BOEPD — barrels of oil equivalent per day Constant Case — the reserve report case using first of month average pricing for the trailing 12 months held constant throughout the life of the reserves as prescribed by the US  Securities and Exchange Commission (SEC) MBOE — a thousand barrels of oil equivalent MMBOE — a million barrels of oil equivalent MBbl — a thousand barrels of crude oil Mcf — one thousand cubic feet of natural gas MMcf — one million cubic feet of natural gas M — when used with $ equals millions Net Acres — gross acres multiplied by the Company’s  working interest  Net Wells — gross wells multiplied by the Company’s  working interest PDP — proved developed producing reserves PUD — proved undeveloped reserves PV/I — net change in the proved PV10 of the constant case  reserve report divided by development capital expenditures during the period under consideration less proceeds  from divestitures ROCE — return on capital employed defined as earnings  before interest and taxes divided by assets minus  current liabilities One barrel of oil is the energy equivalent of six Mcf of  natural gas. All oil and gas quantity and revenue amounts presented in this report are net of royalties. All currency amounts presented in this report are shown in US dollars except per share amounts which are presented in Australian dollars or unless otherwise noted by “A$”, which represents Australian dollars. Contents Performance Summary .......................................................1 Chairman’s Letter................................................................2 Managing Director’s Letter..................................................4 Financial Overview.............................................................6 Operations Overview ..........................................................8 Eagle Ford.........................................................................10 Greater Anadarko .............................................................12 Directors’ Report...............................................................15 Remuneration Report .......................................................28 Auditor’s Independence Declaration.................................45 Corporate Governance......................................................46 Financial Information.......................................................54 Directors’ Declaration .....................................................106 Auditor’s Report ..............................................................107 Additional Information...................................................109 Corporate Information....................................................111 Forward-Looking Statements .........................................111 Competent Persons Statement........................................111