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Sundance Energy Australia Limited

An Emerging U.S. Oil Shale Developer & Operator

DISCLAIMERDISCLAIMER

This presentation includes forward-looking statements. These statements relate toSundance’s expectations, beliefs, intentions or strategies regarding the future. Thesestatements can be identified by the use of words like “anticipate”, “believe”, “intend”,“estimate”, “expect”, “may”, “plan”, “project”, “will”, “should”, “seek” and similar words orexpressions containing same.

The forward-looking statements reflect the Company’s views and assumptions with respectto future events as of the date of this presentation and are subject to a variety ofunpredictable risks, uncertainties, and other unknowns. Actual and future results andtrends could differ materially from those set forth in such statements due to variousfactors, many of which are beyond our ability to control or predict. Given theseuncertainties, no one should place undue reliance on any forward-looking statementsattributable to Sundance, or any of its affiliates or persons acting on its behalf. Althoughevery effort has been made to ensure this presentation sets forth a fair and accurate view,we do not undertake any obligation to update or revise any forward-looking statements,whether as a result of new information, future events or otherwise.

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Sundance Poised to Capitalize on Top Sundance Poised to Capitalize on Top Resource PlaysResource Plays

Sundance’s early mover advantage captures top acreage positions at bottom of the market prices

Reserve Report DetailsReserve Report Details

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Sundance engaged Netherland Sewell to prepare a reserve report covering approximately

5% of Sundance’s acreage

� Includes 6,572 out of our 8,841 net acres in the Williston Basin

� Significant unevaluated upside for infill drilling

� Includes all of our Wattenberg field acreage

�Does not include any reserves for our Niobrara shale, Arriba, or New Albany prospects

Key assumptions include:

� Escalating price deck using the 30 June, 2010 Nymex strip price adjusted for basis differentials,

transportation costs and product quality

� Translated to AU$ as of 30 June, 2010

� Escalated costs at 2% per year

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Williston Basin: Recent Production Rates Above Williston Basin: Recent Production Rates Above

Forecasts (Oil Only)Forecasts (Oil Only)

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Development Activity MapDevelopment Activity Map

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DJ BASIN

WILLISTON BASIN

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Revenue & Production TrendsRevenue & Production Trends

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Sundance Energy Strategic OverviewSundance Energy Strategic Overview

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� US focused on-shore shale appraiser, developer and producer

�Track-record of early entry into onshore U.S. oil shale resource plays with approximately 90% of

revenue from oil

�Growth through the drill bit

�Accretive organic growth and acquisitions with near-term conventional cash flow and long-term shale

potential

�Assets have the potential for monetization event in 3-5 years

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Continued Production Growth Forecasted in 2011 Continued Production Growth Forecasted in 2011

From Developmental DrillingFrom Developmental Drilling

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