Sundance Energy Australia
(ASX:SEA) has announced it will sell its Anadarko Basin assets in Oklahoma in the US for US$18.5 million.
The oil and natural gas exploration company says its selling all of its Oklahoma well and acreage assets which are owned by the company.
A binding and conditional Purchase and Sale Agreement (PSA) was executed in the US on 1 March 2017
The purchaser of the assets has placed a 10% deposit to secure its agreement obligations.
Subject to common conditions, the sale is expected to close in May 2017.
Sundance Energy Australia
(ASX:SEA) reported a net loss of $27.1 million at 30 June 2016.
