32 Beulah Road, Norwood, South Australia. 5067 ACN 112 202 883 Telephone: +61 8 8363 0388 Facsimile: +61 8 8132 0766 www.sundanceenergy.com.au

Sundance Energy Australia Limited ABN 76 112 202 883

FOR IMMEDIATE RELEASE

General Manager The Company Announcements Office Australian Securities Exchange

Sundance Presenting at Canaccord Genuity Global Energy Confernence

Members of Sundance Energy’s US management team will be making presentations to financial and oil and gas industry representatives utilizing the attached materials at Canaccord’s Genuity Global Energy Conference in Miami Beach on Thursday, 12 October 2011. A link to the live presentation and copies of the accompanying slides will be available on our web site at www.sundanceenergy.net. For further advice on this release, please contact: United States Australia Eric McCrady Mike Hannell President/CEO Chairman Tel: (303-543-5703) Tel: (+61 8 8363 0388)

Sundance Energy Australia Limited ABN 76 112 202 883 About Sundance Energy Australia Limited Sundance Energy Australia Ltd (ASX: SEA) is an Adelaide-based, independent energy exploration Company, with a wholly owned US subsidiary, Sundance Energy, Inc., located in Colorado, USA. The Company is developing projects in the US where it is primarily focused on large, repeatable resource plays in which it develops and produces oil and natural gas reserves from unconventional formations. A comprehensive overview of the Company can be found on the Company’s website at www.sundanceenergy.com.au. About Canaccord Genuity For the 5th year, Canaccord Genuity will be bringing together some of the world’s most innovative companies and institutional investors at its Global Energy Conference. The Global Energy Conference will provide institutional investors a unique opportunity to listen to the strategies from senior management teams representing these global companies with business in over 15 countries. This conference will be thematic and focus on important oil and gas regions of the world including, North America, South America, Europe, the Middle East and Africa.

ASX Code: SEA SEA

Date: 13.10.11 ASX Announcement

For

per

sona

l use

onl

y

Sundance Energy Australia Limited (ASX: SEA)

October 2011 Corporate Presentation

EOG Operated Jackson’s Draw #5-11H Horizontal Niobrara (SEA ~4%)

For

per

sona

l use

onl

y

DISCLAIMER

This presentation includes forward-looking statements. These statements relate toSundance’s expectations, beliefs, intentions or strategies regarding the future.These statements can be identified by the use of words like “anticipate”, “believe”,“intend”, “estimate”, “expect”, “may”, “plan”, “project”, “will”, “should”, “seek” andsimilar words or expressions containing same.The forward-looking statements reflect the Company’s views and assumptions withrespect to future events as of the date of this presentation and are subject to avariety of unpredictable risks, uncertainties, and other unknowns. Actual and futureresults and trends could differ materially from those set forth in such statementsdue to various factors, many of which are beyond our ability to control or predict.Given these uncertainties, no one should place undue reliance on any forward-looking statements attributable to Sundance, or any of its affiliates or personsacting on its behalf. Although every effort has been made to ensure thispresentation sets forth a fair and accurate view, we do not undertake any obligationto update or revise any forward-looking statements, whether as a result of newinformation, future events or otherwise.This presentation contains information on Sundance Energy’s reserves andresources which has been reviewed by Brian Disney, a Colorado licensedProfessional Engineer, who is qualified in accordance with ASX Listing Rule 5.11and has consented to the inclusion of this information in the form and context inwhich it appears.

1

For

per

sona

l use

onl

y

Definitions (all $ in AU$ unless otherwise noted)

• “boe” is defined as a barrel of oil equivalent, using the ratio of 6 Mcf of Natural Gas to 1 Bbl of Crude Oil;

• “mboe” is defined as a thousand barrels of oil equivalent, using the ratio of 6 Mcf of Natural Gas to 1 Bbl of Crude Oil;

• “mbbls” is defined as a thousand barrels of Crude Oil;• “mcf” is defined as a thousand standard cubic feet of Natural Gas;• “mmcf” is defined as a million standard cubic feet of Natural Gas; • “bcf” is defined as a billion standard cubic feet of Natural Gas;• “M” when used with $ equals millions;• “PDP” is defined as Proved Developed Producing reserves;• “1P Reserves” are defined as Proved Reserves which have a 90% probability that the

quantities actually recovered will equal or exceed the estimate;• “2P Reserves” are defined as Proved Reserves plus Probable Reserves and should have at

least a 50% probability that the actual quantities recovered will equal or exceed the 2P estimate;

• “3P Reserves” are defined as Proved Reserves plus Probable Reserves plus Possible Reserves and should have at least a 10% probability that the actual quantities recovered will equal or exceed the 2P estimate;

• “Enterprise Value” or “EV” is defined as market capitalization less cash plus debt;• “PV10” is defined as the discounted cash flows of the Company’s reserves using a 10%

discount factor, taking into account the price case being used net of royalties, production taxes, lease operating expenses and future capital expenditures but before income taxes; and,

• “net wells” is defined as the total number of 100% Company owned wells net of royalties.2

For

per

sona

l use

onl

y

World Oil Balance (source: US Energy Information Administration)

3

US Energy Information Administration Forecast

Despite recent market volatility, oil fundamentals support long-term price appreciation

For

per

sona

l use

onl

y

Attractive Valuation Metrics on Net Asset Value and Market Comparables (as at 30/9/2011)

Sundance EV at 30 September 2011 of

US$90.4M

4

• PV10 of Proved Reserves = US$103M- EV is 88% of Proved PV10

• PV10 of 3P Reserves = US$307M- EV is 28% of 3P PV10

Sundance EV is $14.80 per Proved boe in reserves

Average EV per Proved boe:-ASX peers* = $51.21

-US Bakken peers** = $32.20

Average EV per 3P boe:-ASX peers* = $5.01

-US Bakken peers** = $4.57

Sundance EV is $3.54 per 3P boe in reserves

*ASX peers include AUT, SSN, TXN, AZZ, EKA, and ETE**US Bakken peers include BEXP, OAS, NOG, KOG, GEOI, and VOG

For

per

sona

l use

onl

y

Good Fundamentals for Price Appreciation

5

§ 3P Reserves as at 30 June 2011 of 26.2 mmboe and PV10 of US$307,000,000

§ Aggressive development plan for key assets leading to near term growth with initial Niobrara development underway

§ Liquidity of ~US$39M

§ Recurring cash flows from production with hedging to protect against downside

§ Strong team to execute plan and generate extraordinary risk adjusted returns

AU$MTicker symbol (ASX) SEACash (as of 30/9/11) $22.3Long-term debt (as of 30/9/11) $0Shares outstanding (as of 30/9/11) 277,098,474Market capitalization (as of 30/9/11) $115.0Enterprise value (as of 30/9/11) $92.7

Revenue (12 months ended 30/6/11) (1) $18.5EBITDAX (12 months ended 30/6/11) (1) $10.0

(1) Excludes net profit from disposal of assets fo AU$11.0M

http://www.sundanceenergy.net/

For

per

sona

l use

onl

y

Denver

Oklahoma City

Williston Basin

DJ Basin

Cherokee Platform

Illinois Basin

Kansas

North Park

Basin

Lease Positions in Top Resource Plays

6

Offices

Headquarters

Areas with Sundance Acreagew/ Basin Name

LEGEND

For

per

sona

l use

onl

y

Reserve Base Supports Future Growth

7

§ Excluded Three Forks potential in Goliath Prospect could lead to 3.3 mmboe in additional 3P reserves

§ Potential type curve upgrades from wells out performing original curve could lead to reserve upgrades of: 5.5 mmboe at S. Antelope &1.4 mmboe at Phoenix

§ Additional infill drilling in Williston and Denver-Julesburg Basins

Escalating Price CaseNet oil (mbbls)

Net gas (mmcf) Net mboe

Net revenue (USD

thousands)PV10 (USD thousands)

Proved developed producing 1,191 1,804 1,492 75,024 44,324 Proved developed not producing 341 915 494 16,986 7,617 Proved undeveloped 3,357 5,144 4,214 146,458 51,051 Total proved 4,889 7,863 6,200 238,468 102,992

Probable 8,168 10,830 9,973 344,784 90,955 Possible 7,977 12,546 10,068 364,105 113,303 Total possible ("3P") reserves 21,034 31,239 26,241 947,357 307,250

Prepared by Netherland Sewell and Associates, Inc.

Escalating prices based on the Nymex strip as of 30 June 2011, adjusted for transportationcosts and regional differentials starting at US$84.18 and escalating to US$88.32 in 2017, and held constant thereafter

PV10 is calculated post royalties, production taxes, lease operating expenses, andfuture capital costs but before income taxes.

For

per

sona

l use

onl

y

S Antelope 2010/2011 IPs Outperformed Type Curve

8

For

per

sona

l use

onl

y

Phoenix 2010/2011 IPs Outperformed Type Curve

9

For

per

sona

l use

onl

y

Initial Production Rate Improvement at Goliath

10

Well Name ProspectSEA

Interest24-hour IP

(boe)7-Day IP

(boe)30-Day IP

(boe)Go Foss Trust 156-97-3526H1 Goliath 2.00% 2,595 12,883 29,585Seaton 15-7H Goliath 4.48% 1,844 12,756 35,163Knudsen 15-20H Goliath 2.52% 2,613 16,568 36,156Flaten 15-8H Goliath 3.00% 1,063 6,357 13,190

FY2011/2012 Average 2,029 12,141 28,524 Netherland Sewell Type Curve 11,584

FY2011/2012 Better/(Worse) 146%

For

per

sona

l use

onl

y

Williston Acreage in Good Neighborhoods

11(Source: Tudor Pickering Holt & Co, 2011)Sundance acreage in yellow

For

per

sona

l use

onl

y

Williston Basin Weather Backlog Begins to Clear

12

§ S. Antelope (Helis): - 2 rigs running through end

of 2012 - Drilling ~18 gross wells/

year

§ Goliath (Hess):- 3 rigs expected to be drilling

through 2012- Drilling ~30 gross wells/

year

§ Phoenix (EOG): - Re-permitting longer

laterals (10,000’)- Pad drilling to optimize

drilling and reduce costs- Anticipate drilling 14 wells

by Aug. 2012 and 2 SEA 60% owned Chase wells in the second half of 2012

- Potential for continued drilling through 2012

GROSS

1 July 2011 Total

Producing

New Initial Prod

15 Sept 2011 Total Producing Drilling

Waiting on Frac Fraccing

S. Antelope 23 2 25 2 2 1Phoenix 16 - 16 - 1 -Goliath 36 7 43 2 6 8Manitou 7 - 7 - - -Sub-total Williston Basin 82 9 91 4 9 9

Wattenberg 21 2 23 - - -Pawnee 3 - 3 1 - -Other 1 - 1 - - -

Total 107 11 118 5 9 9

NET

Previous Total

Producing

New Initial Prod

15 Sept 2011 Total Producing Drilling

Waiting on Frac Fraccing

S. Antelope 3.3 0.12 3.4 0.11 0.14 0.07Phoenix 1.7 - 1.7 - 0.1 -Goliath 0.6 0.21 0.8 0.04 0.17 0.21Manitou 0.1 - 0.1 - - -Sub-total Williston Basin 5.7 0.33 6 0.15 0.41 0.28

Wattenberg 4.6 2 6.6 - - -Pawnee 0.3 - 0.3 0.13 - -Other 0.1 - 0.1

Total 10.7 2.33 13 0.28 0.41 0.28

For

per

sona

l use

onl

y

DJ Basin Activity Accelerates with Horizontal Niobrara

Horizontal Niobrara Oil Play§ EOG Jackson Draw #5-11H (Twister)

- Spud September 16th- SEA has ~4% WI

§ Noble Krier GV 25-62H (Twister)- Location being built Oct. 2011- Expected to Spud Nov. 2011- SEA has ~15% WI

§ SEA Breeden 2-17H (Bull Canyon)- First SEA Operated well with Halliburton- Expected to Spud late Oct./early Nov. 2011- SEA has ~34% WI

Motocross - Vertical Play (100% SEA with varied working interests) § SEA Schell # 41-6 & 42-6

- Completed on September 2011- Codell only completion w/ Niobrara behind pipe- Currently shut-in; IP expected in October 2011

(30 day Expected IP = 600-1,000 boe/well)

§ Acreage Position- 1,000+ acres in hand- ~1,000 acres closing in 60 days- Potential for ~50 company operated vertical wells

13

Silo

Hereford

Twister

Bull Canyon

EOG Jackson Draw 5-11H

SEA Schell #41-6SEA Schell #42-6

Silo

SEA Operated

Non-Operated

Recent Horz. Niobrara Wells(last 12 months)

LEGEND

6 mi

9.7 km

N

SEA Breeden 2-17H

For

per

sona

l use

onl

y

Acquisition Underway in High Value Mississippi Lime

Oklahoma (Miss. Lime)§ Opened Office July 2011

§ South Goltry (100% SEA with varied working interests)- Letter of Intent in place for 1,200 acre acquisition in

Alfalfa County- Off-set operators: Chesapeake, Continental &

Sand Ridge- Anticipate drilling two Company operated

Mississippian wells in calendar Q1 2012

§ Leasing ongoing in areas prospective for large scale development program

14

Denver

Oklahoma City

Williston Basin

DJ Basin

Cherokee Platform

Illinois Basin

Kansas

North Park Basin

Pawnee

Miss. Lime

Miss. Lime South Goltry

Enid, OK

Existing horizontal Miss. Lime production

~6 miles north

For

per

sona

l use

onl

y

Liquidity Position to Efficiently Capitalize Growth

• Liquidity position– Cash of AU$22.3M (US$ 21.8M)– Current senior borrowing base of US$10M– Borrowing base likely to increase to US$15-$20M at LIBOR +225-300 bps

• Strong free cash flow with FY2010/2011 EBITDAX of AU$10M

• Hedging position to protect cash flows against potential price declines from economic weakness

15

Contract Type Counterparty Basis

Quantity (Bbl/

month)Strike Price (US$/Bbl) Term

Swap Shell Trading US Co. NYMEX 4,000 $75.00 1 Jul-31 Dec '11 Call Shell Trading US Co. NYMEX 4,000 $100.00 1 Jul-31 Dec '11 Collar Shell Trading US Co. NYMEX 2,000 $85.00/$109.50 1 Jul-31 Dec '11 Collar Shell Trading US Co. NYMEX 2,000 $80.00/$88.00 1 Nov '10-31 Dec '11 Swap Shell Trading US Co. NYMEX 2,000 $100.00 1 Jan-31 Dec '12 Collar Shell Trading US Co. NYMEX 1,000 $90.00/$126.00 1 Jan-31 Dec '12 Collar Shell Trading US Co. NYMEX 1,000 $100.00/$117.50 1 Jan-31 Dec '12 Collar Shell Trading US Co. NYMEX 1,000 $90.00/$117.75 1 Jan-31 Dec '13 Collar Shell Trading US Co. NYMEX 1,000 $95.00/$112.75 1 Jan-31 Dec '13

For

per

sona

l use

onl

y

Revenue & Profitability Growing from Production

16

For

per

sona

l use

onl

y

Cash Margin per boe Steadily Increasing

17

34.5% Compound Growth

For

per

sona

l use

onl

y

Management Biographies

Paul FranksVP Exploration &

Development

Paul has 30 years experience in the US oil and gas industry with expertise ranging from management ofdrilling operations and well acquisition to new-exploration activities. Paul has overseen the completion ofmore than 750 wells for some 50 companies, including Freedom Energy, Inc. Paul's background alsoincludes experience with Franks Independent Drilling, which operated in Texas, Oklahoma, Arkansas andCalifornia, as well as extensive expertise developed as an independent consultant to oil and gas explorationcompanies. Paul was a founder of Sundance Energy and sits on the Board as an Executive Director.

Kip HunterGeneral Counsel &

Director of Communications

Kip has 25 years of corporate transactional and litigation experience primarily as the principal in the law firmof Hunter & Associates in New York City. He has worked across a broad range of industries, including thebanking, insurance and corporate commercial finance sectors, in the areas of asset acquisitions, securedtransactions and general corporate development and risk management. Kip has been with Sundance Energysince it listed in 2005 and sits on the Board as an Executive Director.

Eric McCradyPresident & CEO

Eric has over 13+ years of entrepreneurial experience in corporate finance including 5 years in the USenergy industry with The Broe Group, a Denver, CO based private investment firm and its energy portfoliocompanies. Mr. McCrady has an extensive track record in mergers and acquisitions, joint-ventures,corporate finance, including initial public offerings, privatization transaction, and senior and mezzanine debttransactions.

18

James NondorfGeneral Manager

& GeologistMid-Continent

Jim has 40+ years of oilfield experience, primarily in Oklahoma and the mid-continent region, bringing awealth of local knowledge and experience to Sundance’s efforts in Oklahoma and Kansas. Jim has anextensive entrepreneurial track record having founded and run multiple companies over the past 30 years.His experience has included generation, evaluation and commercialization of prospects, managingoperations, and design, drilling and completion of horizontal shale wells.

Brian DisneySenior Reservoir

Engineer

Brian is a professional engineer with 30 years of reservoir, completion, production and environmentalengineering experience with leading companies such as Tom Brown, Encana and Phillips. Brian’s broadbased experience includes evaluating and forecasting well performance and economics, acquisition anddivestiture evaluations, planning and managing drilling and completions, and well/field optimizations.

Grace has 15 years in the oil and gas industry with wide range of geologic experience in exploration, resource play evaluation, horizontal and vertical well design-development-completion as well as reservoircharacterization. Ms. Ford has worked for leading companies such as EOG Resources, Baytex Energy USA and Marathon in the following US basin: SouthTexas, Permian, Sacramento, Cherokee and the greater Rockies Mountain basins.

Grace FordVP Geology

For

per

sona

l use

onl

y

Attractive Fundamentals for Price Appreciation

§ Strong financial performance with significant increases in production, revenue and cash flow

§ Inaugural 3P Reserves of 26.2 mmboe with US$307,000,000 of PV10

§ 6.2 mmboe and US$103,000,000 PV10 of oily Proved Reserves primarily in the Williston Basin targeting the Bakken and Three Forks oil shales

§ Exploitation of the Niobrara oil shale (~15,900 acre position) underway with significant industry activity surrounding Sundance’s positions

§ Strong cash flow, liquidity and risk management program to sustain growth

19

For

per

sona

l use

onl

y