Sundance, Swift in talks as Karoon weighs debt options
United States-focused shale player Sundance Energy is known for its “drill and flip” strategy, which basically involves drilling to establish a resource, starting some production and then selling the asset.
United States-focused shale player Sundance Energy is known for its “drill and flip" strategy, which basically involves drilling to establish a resource, starting some production and then selling the asset.
The ASX-listed Sundance sold non-core acreage in one basin in Colorado for $US116 million ($133.8 million) in May, and, at the same time, added ground in the popular Eagle Ford region in southern Texas for an estimated $US60 million.
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