Welcome to Dune Energy, Inc.

http://www.duneenergy.com/index.html

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.

Operations

Investor Presentations

http://www.duneenergy.com/PDFs/DNE_Investor_Presentation.pdf

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.

Board of Directors | Officers

James A. Watt, age 61, became a Director of our Company on April 16, 2007 and our President and Chief Executive Officer on April 17, 2007. Mr. Watt served as the Chief Executive Officer of Remington Oil and Gas Corporation since February 1998 and the Chairman of Remington since May 2003, until Helix Energy Solutions Group, Inc. (NYSE: HLX) acquired Remington in July 2006. From 1993 through 1997, Mr. Watt served as Vice President—Exploration of Seagull E&P, Inc., and from 1991-1993, he served as Vice President—exploration and exploitation of Nerco Oil and Gas. From August 2006 through March 2007, Mr. Watt served as the Chairman and Chief Executive Officer of Maverick Oil & Gas, Inc. (OTC: MVOG.OB). Mr. Watt currently serves on the Board of Directors of Pacific Energy Resources Ltd (TSE: PFE) and Helix. Mr. Watt received a B.S. in Physics from Rensselaer Polytechnic Institute.

Alan D. Bell, age 65, joined our Board of Directors on April 16, 2007 and is currently Chairman of our Board of Directors. Previously, Mr. Bell worked in various capacities at Ernst & Young LLP from 1973 until his retirement in June 2006, at which time he was the Director of Ernst & Young’s Energy Practice in the Southwest United States. Mr. Bell worked in the Dallas office of Ernst & Young from 1973 to 1977 where he performed oil and gas company audits and again, from 1981 to 2006, where he continued his involvement in the energy industry. From 1977 to 1981, he worked in the Paris office of Ernst & Young on the post merger of client Elf Aquitaine from its two predecessor companies. Prior to joining Ernst & Young, Mr. Bell was a production engineer with Chevron Oil Company in the Gulf of Mexico from 1969 to 1972. Mr. Bell currently serves on the Board of Directors of Toreador Resources Corporation (NASDAQ: TRGL), where he serves as the Chairman of the Audit Committee. Mr. Bell received a degree in Engineering from the Colorado School of Mines in 1969 and received an M.B.A. from Tulane University in 1973. He is a current member of the Board of Directors of the Society of Petroleum Engineers. Mr. Bell is also a member of the American Institute of Certified Public Accountants, Texas Society of Certified Public Accountants, Institute of Certified Management Accountants, Association of Insolvency Accountants and Association of Certified Fraud Examiners.

Steven Barrenechea, age 52, has served as a Director since May 2001. From April 2005 to January 2006, Mr. Barrenechea served as a Director of Baseline Oil & Gas Corp. Since April 2005, Mr. Barrenechea has served as a Director, and since September 2007 has served as the Chief Executive Officer of, ABC Funding, Inc. From 1993 to December 2004, he served as Chief Operating Officer of Coast to Coast Catering LLC, a catering service. Mr. Barrenechea is a member of the Board of Directors of the Creative Coalition, The Milford (Connecticut) Red Cross, and The Child Guidance Center of Fairfield County. Mr. Barrenechea holds a B.B.A. from New York University.
    
Richard M. Cohen, age 60, has served as a Director since December 2003. From December 2003 to March 2005, he served as our Chief Financial Officer. Since 1996, Mr. Cohen has been the President of Richard M. Cohen Consultants, a private financial services consulting company that assists both public and private companies with their corporate governance and corporate finance needs. In 1999, Mr. Cohen was the President of National Auto Credit, a publicly traded sub-prime auto finance company. From 1992-1995, Mr. Cohen was the President of General Media Inc., a publicly reporting international diversified publishing and communications company. Mr. Cohen currently serves on the Board of Directors for each of Universal Travel Group (OTC: UTVG), Rodman & Renshaw Capital Group Inc. (OTC: RODM) and Helix BioMedix Inc. (OTC: HXBM), the latter of which public company he also currently serves as a member of the compensation committee. Mr. Cohen is a Certified Public Accountant and worked at Arthur Andersen & Co. from 1975 to 1977. He received a B.S. (“With Honors”) from the University of Pennsylvania (Wharton School) and an M.B.A. from Stanford University.

William Greenwood, age 72, joined our Board of Directors on April 16, 2007. Since 1995, Mr. Greenwood has performed consulting work in the transportation industry and served on numerous nonprofit and corporate Board of Directors, including Ameritruck, Trancisco, Mark VII, Transport Dynamics, Inc. and Remington Oil and Gas. Prior to that he was Chief Operating Officer and a Director at Burlington Northern Railroad from 1990 to 1994. He has been a member of the business school advisory Board of Directors at several universities and is currently a member at Marquette and Texas Christian University, where he also served as an adjunct professor in 2004 and 2005. He graduated from Marquette University with a B.S. in Business.

Steven Sisselman, age 52, has served as a Director since May 2004. From January 1996 to December 2005, Mr. Sisselman served as Vice-President of business development with Itera International Energy Corp., a subsidiary of the Itera Group operating in the United States natural gas, real estate and commodity business. From January 2006 to the present, he has served as the Executive Vice President and Chief Operating Officer of both Itera International Energy Corp, as well as its parent company, Itera USA, Inc. From 1992-1994, Mr. Sisselman was Vice-President of Dalon Inc., a petroleum trading company, responsible for trading crude oil and petroleum products from the former Soviet Union. For the 12 years prior to 1992, Mr. Sisselman was employed by Charter Oil Company, UBS AG, and Astra Oil working in various financial and trading positions both in the United States and London, England. He graduated from University of Florida in 1980 with a B.S. in Business Administration with a major in Finance.

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Recent News

SEC Filings

Date	Form Type	Description	Filer	Size	Download / 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

Annual Reports

YEAR		TYPE
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.