Item 8.01 Other Events.
Sundance Energy Inc. (the “Company”)
will be relying on the Securities and Exchange Commission’s Order (Release No. 34-88465) under Section 36 of the Securities
Exchange Act of 1934 (the “Exchange Act”) Modifying Exemptions from the Reporting and Proxy Delivery Requirements for
Public Companies dated March 25, 2020 (the “Order”) to extend the deadlines by up to 45 days for filing certain reports
made under the Exchange Act. The Company is relying on the Order with respect to information required in Part III of the Company’s
Annual Report on Form 10-K (the “Part III Information”), which is originally due to be filed on or before April 29,
2020.
As previously disclosed, the unprecedented
spread of COVID-19 and related federal, state and local restrictions have caused the closure of the Company’s principal offices,
and has limited access to the Company’s facilities and books and records, resulting in limited support from and access to
key personnel and professional advisors, as well as communications and similar delays among such persons. Additionally, management
has had to devote significant time and attention to assessing the potential impact of COVID-19 and related events on the Company’s
operations and financial position and developing operational and financial plans to address those matters, which has diverted management
resources from completing tasks necessary to file the Part III Information. These disruptions and limited support have, in turn,
delayed the Company’s ability to complete its internal and external review process, finalize and file the Part III Information
without compromising the health and safety of key personnel involved in its completion because of the ongoing COVID-19 pandemic.
As such, the Company will be relying on
the Order and will be making use of the 45-day grace period provided by the Order to delay filing of its Part III Information.
The Company plans to file its Part III Information no later than June 13, 2020.
In light of the developments related to
COVID-19, the Company intends to include the following risk factor discussion in its Annual Report on Form 10-K for the fiscal
year ended December 31, 2019, as may be updated to reflect subsequent events impacting the Company:
Outbreaks of communicable diseases could adversely affect
our business, financial condition and results of operations.
Global or national health concerns, including
the outbreak of pandemic or contagious disease, can negatively impact the global economy and, therefore, demand and pricing for
oil and natural gas products. In particular, the outbreak in 2020 of a novel coronavirus (COVID-19) has resulted in quarantines,
restrictions on travel and a decrease in economic activity across the world. The COVID-19 pandemic has, and may continue to have,
a material adverse effect on the demand for hydrocarbons, the prices at which we are able to sell hydrocarbons, our ability to
obtain hedges for commodities, our ability to secure capital necessary to finance our business, our ability to comply with contractual
obligations and covenants, our access to key employees, advisors and personnel and our business generally. Additionally, because
our current business focus is on the exploration and production of oil and natural gas in a limited geographic area, we may be
more affected by this pandemic than we would if our business were more diversified. The continued spread of COVID-19 has,
and may continue to have a material adverse effect on our business, financial condition and results of operations.
Cautionary Statement Regarding Forward-Looking
Statements
This Current Report on Form 8-K may contain
certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These forward-looking statements are based
on the Company’s current expectations and beliefs concerning future developments and their potential effect on the Company.
While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that
future developments affecting us will be those that are anticipated. The Company’s forward-looking statements involve significant
risks and uncertainties (some of which are beyond the Company’s control) and assumptions that could cause actual results
to differ materially from historical experience and present expectations or projections. These risks and uncertainties include,
but are not limited to, the Company’s ability to file timely its periodic reports, the impact on the Company’s business
and financial condition, and the risks identified in the Company’s periodic filings under the Exchange Act. In addition,
there is uncertainty about the spread of the COVID-19 virus and the impact it may have on the Company’s operations, the demand
for the Company’s oil, natural gas and natural gas liquids, and global economic activity in general. Should one of these
risks or uncertainties materialize, actual results or outcomes may vary materially from those described as anticipated, believed,
estimated, intended, or planned. The Company disclaims any obligation to update information contained in these forward-looking
statements whether as a result of new information, future events, or otherwise.