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Dune Energy Inc.(fka DUNRQ)

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Last Post: 10/1/2015 10:42:29 AM - Followers: 35 - Board type: Free - Posts Today: 0

 Welcome to Dune Energy, Inc.


Dune Energy, Inc. is an independent exploration and development company, with operations focused along the Louisiana/Texas Gulf Coast. Dune operates over 90% of its production and typically maintains a 100% WI.  Proved reserves as of January 1, 2010 totaled 105.5 Bcfe.  Dune will continue to exploit its existing asset base, seek accretive acquisitions, and enter into additional joint venture drilling programs.


Investor Presentations


Company Overview

Dune Energy, Inc. (DUNR), an independent exploration and development company incorporated in Delaware, has operations focused along the Louisiana and Texas Gulf Coasts. Dune’s strategy is to grow organically through low-risk exploitation and development and higher risk exploration of its existing properties and acreage. This will be supplemented with opportunistic acquisition of underdeveloped properties that complement Dune’s existing portfolio. Dune continually reviews its portfolio to high-grade its properties. This process resulted in the sale in 2008 of its Barnett Shale assets, approximately 33.5 Bcfe of proved reserves, for $41.5 million. Dune’s total proved reserves at January 1, 2010 were 105.5 Bcfe, consisting of 62.3 Bcf of natural gas and 7.2 MMbbls of oil.

Dune actively manages its drilling program to increase oil and gas reserves and production while keeping its finding and development costs and operating costs competitive. For the next several years, Dune intends to focus on exploitation of its underdeveloped properties through extensional drilling and low-risk step outs. Dune has a 2+ year current drilling inventory on Gulf Coast properties. In 2010 and beyond the company will continue exploiting low-risk opportunities on its existing acreage positions, and gradually increasing its focus on exploratory opportunities, by applying technology and capital to untested zones with significant upside in deeper pool and subsalt potential. In conjunction with this focus on exploration, Dune will pursue opportunistic, accretive acquisitions. Dune also intends, whenever possible, to maintain operatorship to control the timing of operations and its cost structure. Investment opportunities will focus on high IRR projects.

Dune has a results oriented management team, with an average Gulf Coast experience of more than 25 years.

Alan Gaines – Founder and Chairman, has 25+ years of investment banking and M&A experience in the energy industry.

James A. Watt - President and CEO, has 35+ years of oil and gas experience with a proven record in operating Gulf Coast assets and building E&P companies


Recent News

Aug 04, 2010
Dune Energy Reports Second Quarter 2010 Financial Results

Jul 16, 2010
Dune Energy Announces Stock To Be Quoted Under Symbol DUNR

Jun 30, 2010
Dune Energy Closes Sale of South Florence Field and Amends Revolving Credit Agreement

Jun 25, 2010
Dune Energy Announces Voluntary Withdrawal of Its Common Stock From the NYSE AMEX; Stock Intended to be Quoted on the OTC Bulletin Board

Jun 21, 2010
Dune Energy Concludes Annual Meeting

Jun 04, 2010
Dune Energy Announces Adjournment of 2010 Annual Meeting of Stockholders

May 06, 2010
Dune Energy Reports First Quarter 2010 Financial Results

Apr 29, 2010
Dune Energy, Inc. Announces Property Sale and 2010 Drilling Plans

Mar 29, 2010
Dune Energy, Inc. Receives Notice From NYSE Amex Accepting the Company's Plan for Compliance With Continued Listing Criteria

Mar 26, 2010
Dune Energy Reports Fourth Quarter and Full Year 2009 Results


SEC Filings

Form Type
/ View
9/27/2010 4 Statement of Changes in Beneficial Ownership GAINES ALAN 4.6 KB
9/27/2010 4/A Amended Statement of Changes in Beneficial Ownership COHEN RICHARD 5.6 KB
9/27/2010 4/A Amended Statement of Changes in Beneficial Ownership BETTIS HAL L. 5.6 KB
9/27/2010 4/A Amended Statement of Changes in Beneficial Ownership GAINES ALAN 6.0 KB
9/13/2010 4 Statement of Changes in Beneficial Ownership BELL ALAN D 13.5 KB
8/5/2010 8-K Current Report - 176.6 KB
8/4/2010 10-Q Quarterly Report - 374.5 KB
7/19/2010 8-K Current Report - 42.2 KB
7/12/2010 8-K Current Report - 75.1 KB
7/6/2010 25 Notification filed by a National Securities Exchange to Report the Removal from listing and registration of matured , redeemed or retired securities - 14.6 KB
6/30/2010 8-K Current Report - 463.6 KB
6/25/2010 8-K Current Report - 49.3 KB
6/21/2010 8-K Current Report - 38.7 KB
6/4/2010 8-K Current Report - 43.1 KB
5/25/2010 SC 13D/A Amended Statement of Beneficial Ownership - 59.4 KB
5/19/2010 SC 13D/A Amended Statement of Beneficial Ownership - 36.6 KB
5/13/2010 SC 13D/A Amended Statement of Beneficial Ownership - 40.9 KB
5/12/2010 4 Statement of Changes in Beneficial Ownership UBS AG 6.3 KB
5/6/2010 8-K Current Report - 148.6 KB
5/5/2010 10-Q Quarterly Report - 253.3 KB
Total Results: 348    First | Previous | Next | Last

Annual Reports


2008 - Dune Energy Annual Report
2007 - Dune Energy Annual Report


Joint Ventures from latest press (10-18-10)

Garden Island Bay, Plaquemines Parish, Louisiana 

Dune Energy Inc., through its subsidiary Dune Properties Inc., together with two industry partners, intends to drill a 19,500 feet exploratory subsalt well within the Garden Island Bay Field to test potential Miocene pay sand. The prospect has been mapped with state-of-the-art depth-migrated 3-D seismic data. Potential unrisked reserves are estimated to be in excess of 100 MMBOe. This prospect targets sands of similar age and structural settings to the Pompano Subsalt Field in Viosca Knoll 989/990 and the Mahogany Field located in Ship Shoal 349. The Pompano and Mahogany Fields, located in the Gulf waters of the Federal Offshore are approximately 50 and 125 miles respectively from Garden Island Bay Field which is located in the onshore state waters of Louisiana. 

The well is anticipated to spud in January of 2011. Dune will initially have a 15% working interest in the prospect, escalating to an approximate 26% working interest after the first 3 MMBOe of gross production. Dune will fund its proportionate share of drilling costs through cost recovery. Dune maintains its 100% working interest in all existing production from the field and in all lease acreage, with the exception of 9,000 acres associated with this prospect that is beneath the salt dome and at depths greater than 12,000 feet. 

Leeville Field, Lafourche Parish, Louisiana 

Dune has signed a LOI to sell 60% of its non-productive, leasehold interest within the Leeville Field to a private exploration and production company for $5 million. The company intends to form a joint venture to further exploit undeveloped opportunities within the field. Dune will have a 40% working interest in this venture. 



#1755   Got out just in time, lost a lot Levronefullblown 10/01/15 10:42:28 AM
#1754   DUNRQ: Bankruptcy PLAN effective. All shares cancelled. Renee 10/01/15 09:47:47 AM
#1752   I had too many shares in my account. happy1987 09/22/15 02:33:51 PM
#1751   Sold almost 30k shares at .0027, not too Levronefullblown 09/22/15 10:03:09 AM
#1750   Didn't sell yet, I have 250k shares at Levronefullblown 09/21/15 08:11:04 PM
#1749   How much you guys lose money? happy1987 09/21/15 04:20:20 PM
#1748   When shares could delist? LouisDesyjr 09/19/15 09:30:24 AM
#1747   Looks like shares are indeed worthless. Any idea Levronefullblown 09/19/15 08:18:56 AM
#1746   Ya also holding buddy no point in selling Yukii 09/18/15 11:35:39 PM
#1745   I wish I knew the effective date that Levronefullblown 09/18/15 11:29:27 PM
#1743   Hey buddy thanks for that. Ya pretty bummed Yukii 09/18/15 12:02:03 PM
#1742   Tomorrow I will sell 0.9 million shares at happy1987 09/17/15 11:53:44 PM
#1741   You're going to sell all your 2.4 million Levronefullblown 09/17/15 10:53:58 PM
#1740   Sell it happy1987 09/17/15 10:43:32 PM
#1739   You guys going to sell or are you Levronefullblown 09/17/15 10:33:15 PM
#1738   Sadly yes. See for yourself, docket 555, bottom Levronefullblown 09/17/15 10:08:27 PM
#1737   Has approved today? happy1987 09/17/15 09:54:02 PM
#1736   People still buying, weird but nothing surprises me Levronefullblown 09/17/15 09:40:59 PM
#1735   Page 2 in docket 555 found in prime Levronefullblown 09/17/15 09:25:23 PM
#1734   My god, we will get nothing at all happy1987 09/17/15 08:37:45 PM
#1733   Read document number 554 in the docket. Levronefullblown 09/17/15 06:30:59 PM
#1732   Any news??????? happy1987 09/17/15 03:00:56 PM
#1731   Good luck for all of us holding...............please !!!!!!!! tomorrow happy1987 09/16/15 10:38:47 PM
#1730   I'm sure it won't be the end. Hopefully Levronefullblown 09/16/15 09:50:39 PM
#1729   Ya buddy I feel you on that one. Yukii 09/16/15 09:20:06 PM
#1728   Last day,,,,,,,,,,,,,,,body. happy1987 09/16/15 07:03:35 PM
#1727   Thanks for the reply bud. I so agree Yukii 09/13/15 02:39:17 PM
#1726   Hopefully I'm wrong and they're not worthless, I Levronefullblown 09/13/15 02:33:54 PM
#1725   Thanks buddy so coming up is our doomsday. Yukii 09/13/15 02:13:55 PM
#1724   September 17 2015 is the disclosure statement date. Levronefullblown 09/13/15 02:06:20 PM
#1723   Hey Levon what are the next dates we Yukii 09/13/15 01:57:13 PM
#1722   Remember, a lot of MM's still hold their Levronefullblown 09/13/15 01:19:39 PM
#1721   I expect DUNRQ will cancel the shares as Levronefullblown 09/13/15 12:33:30 PM
#1720   Don't have a holding of it so I Levronefullblown 09/09/15 10:47:12 PM
#1718   we hope good things happening........ happy1987 09/05/15 02:23:54 AM
#1717   solid 235k buy today. Hopefully someone knows something Levronefullblown 09/04/15 06:24:55 PM
#1715   Anyone can tell me about this stock happy1987 09/01/15 04:28:44 PM
#1714   And it's back down. But decent volume. Levronefullblown 09/01/15 03:37:54 PM
#1713   Bid moved to .0024 from .0012, ask from Levronefullblown 09/01/15 01:17:00 PM
#1712   This stock is very strange! No news, only happy1987 08/31/15 06:49:56 PM
#1711   yeah, I have 150k at NEWL as well. Levronefullblown 08/31/15 05:54:21 PM
#1710   Anyone know about. NEWL no bider and happy1987 08/31/15 05:45:22 PM
#1709   Lol at 100% increase, unless the bid starts Levronefullblown 08/31/15 04:06:55 PM
#1708   On a positive note there are A LOT Kush Trader 08/29/15 08:27:31 PM
#1707   All my life I had to learn something Levronefullblown 08/29/15 05:48:32 PM
#1706   Me either buddy. I have been burned the Yukii 08/29/15 05:36:41 PM
#1705   Now is not the time to talk about happy1987 08/29/15 04:43:35 PM
#1704   250k here. June balance sheet was looking great. Levronefullblown 08/29/15 04:07:07 PM
#1703   ?? Sometimes I even think we have to do something. happy1987 08/29/15 03:27:38 PM
#1702   Ya it sucks I have 500k can't even Yukii 08/29/15 03:03:16 PM
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