Sundance Energy Australia Limited
(ASX:SEA) says it has seen a $8 million decrease in its borrowing base after a re-determination.
Production this year is expected to see a 10 per cent decrease over average production in 2015 with a mix of 65 per cent oil and 35 per cent natural gas and natural gas liquids.
Sundance also says its 2016 program of $45 million in capital works will be funded with cashflow from operations at current market prices.
Sundance reported a net loss of $28.25 million for the 2015 financial year.
