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Dune Energy Extends Deadlines for Restructuring
HOUSTON, Nov. 9, 2011 /PRNewswire/ -- Dune Energy, Inc. (OTCBB:DUNR) today announced an update on its restructuring.

The Company and the ad hoc committee of note holders have agreed to extend the date to launch the anticipated debt for equity exchange to November 11, 2011 from November 8, 2011. Certain other dates within the restructuring support and lockup agreement and the restructuring term sheet will also be extended. Dune expects this extension to allow for completion of the exchange offer documentation but should still allow the out-of-court restructuring to be completed prior to year-end.

Click here for more information: http://www.duneenergy.com/news.html?b=1683&1=1

FORWARD-LOOKING STATEMENTS: This document includes forward-looking statements that are intended to be covered by "forward-looking statements" safe harbor provided by the Private Securities Litigation Reform Act of 1995. All statements included in this press release that address activities, events or developments that Dune Energy expects, believes or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning estimates of expected drilling and development wells and associated costs, statements relating to estimates of, and increases in, production, cash flows and values, statements relating to the continued advancement of Dune Energy, Inc.'s projects and other statements that are not historical facts. When used in this document, the words such as "could," "plan," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions are forward-looking statements. Although Dune Energy, Inc. believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements include the potential that the Company's projects will experience technological and mechanical problems, geological conditions in the reservoir may not result in commercial levels of oil and gas production, changes in product prices and other risks disclosed in Dune's Annual report on Form 10-K filed with the U.S. Securities and Exchange Commission.

Investor Contact:
Steven J. Craig
Sr. Vice President Investor Relations and Administration
713-229-6300

SOURCE Dune Energy, Inc.





Source: PR Newswire (November 9, 2011 - 9:25 AM EST)

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