Sundance Energy Australia Limited reported unaudited earnings and production results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported total sales revenue of $12,963,000 against $26,439,000 for the same period a year ago. Adjusted EBITDAX was $10,341,000 against $19,254,000 for the same period a year ago. Development expenditures were $10.9 million for the quarter ended June 30, 2016 were substantially funded by $10.3 million of adjusted EBITDAX. Negative net operating cash flows were $5,128,000 for the second quarter of 2016.

For the six months, the company reported total sales revenue of $24,216,000 against $55,112,000 for the same period a year ago. Adjusted EBITDAX was $20,182,000 against $41,283,000 for the same period a year ago. Negative net operating cash flows were $6,162,000 for the six months of 2016.

For the quarter, the company reported total production, excluding flare of 426,860 boe against 618,497 boe for the same period a year ago. Production volumes declined primarily due to downtime related to shut-ins for offset fracs (5 gross (4.4 net) wells) and downtime associated with pump installs on 10 gross (7 net) wells and an additional 12 wells awaiting pump installs at quarter end.

For the six months, the company reported total production, excluding flare of 941,534 boe against 1,377,984 boe for the same period a year ago.

The company reaffirmed its full year 2016 production guidance of 7,000 ­ 7,500 Boe/d.

The company estimates development expenditures (includes development of properties that the company acquired on July 29, 2016, but excludes the purchase price of $16.0 million) of $4,000,000 for the third quarter of 2016.