Last $0.30 USD
Change Today +0.0184 / 6.53%
Volume 5.5K
DUNR On Other Exchanges
Symbol
Exchange
OTC US
Berlin
As of 8:10 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

dune energy inc (DUNR) Snapshot

Open
$0.30
Previous Close
$0.28
Day High
$0.30
Day Low
$0.30
52 Week High
03/20/14 - $1.90
52 Week Low
11/12/14 - $0.26
Market Cap
21.9M
Average Volume 10 Days
3.1K
EPS TTM
$-0.35
Shares Outstanding
73.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for DUNE ENERGY INC (DUNR)

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dune energy inc (DUNR) Details

Dune Energy, Inc., an independent energy company, acquires, explores for, exploits, and develops crude oil and natural gas properties. Its properties cover approximately 74,000 gross acres across 15 producing oil and natural gas fields along the Louisiana/Texas Gulf Coast. As of December 31, 2013, the company’s total proved reserves were 93.1 billion cubic feet of natural gas equivalent consisting of 50.1 billion cubic feet of natural gas and 7.2 million barrels of oil. It sells its oil and gas products primarily to domestic pipelines and refineries. The company was founded in 1998 and is headquartered in Houston, Texas.

34 Employees
Last Reported Date: 03/7/14
Founded in 1998

dune energy inc (DUNR) Top Compensated Officers

Chief Executive Officer, President, Executive...
Total Annual Compensation: $733.3K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $535.6K
Senior Vice President of Land and General Cou...
Total Annual Compensation: $443.3K
Executive Vice President of Business Developm...
Total Annual Compensation: $504.0K
Compensation as of Fiscal Year 2013.

dune energy inc (DUNR) Key Developments

Dune Energy Inc. Enters into Forbearance Agreement and Fourth Amendment to the Amended and Restated Credit Agreement with Lenders

Dune Energy Inc. announced it has entered into a Forbearance Agreement and Fourth Amendment dated September 30, 2014 to the Amended and Restated Credit Agreement between the company and its lenders dated December 22, 2011, as amended. As previously reported, the company was in default of the Credit Agreement at the end of the second quarter because the Total Debt to EBITDAX was 5.28 to 1.0, which was well over the required ratio of 4.0 to 1.0. This default has led to concerns as to whether the company could continue as a going concern. Prior to the end of the second quarter, the Credit Agreement lenders had also notified the company that its borrowing base under the revolver would be reduced to $37.5 million (including outstanding letters of credit) on October 1, 2014. Under the terms of the Amendment, the creditors have agreed to a borrowing base availability at $40 million and to waive the event of default, as well as any current ratio covenant defaults as of September 30, 2014, until the earlier to occur of December 31, 2014 or the closing or termination of the merger of the company under the terms of the Agreement and Plan of Merger, dated September 17, 2014, by and among EOS Petro Inc., EOS Merger Sub Inc. and Dune Energy Inc.; provided that the company does not incur any additional Defaults.

Dune Energy Inc. Reports Unaudited Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2014

Dune Energy Inc. reported unaudited consolidated earnings and operating results for the second quarter and six months ended June 30, 2014. For the quarter, the company's total revenues were $13,093,311 compared to $16,783,479 a year ago. Operating loss was $30,013,011 compared to operating income of $632,469 a year ago. Net loss was $33,196,137 or $0.45 per basic and diluted share compared to $1,341,362 or $0.02 per basic and diluted share a year ago. For the six months, the company's total revenues were $25,082,321 compared to $29,868,292 a year ago. Operating loss was $29,536,577 compared to operating income of $674,261 a year ago. Net loss was $35,690,159 or $0.49 per basic and diluted share compared to $4,551,537 or $0.07 per basic and diluted share a year ago. Net cash provided by operating activities was $4,154,137 compared to $10,964,703 a year ago. Purchase of furniture and fixtures was $3,033 compared to $145,477 a year ago. For the second quarter, the company reported production volumes in the second quarter were 107 Mbbls of oil and 0.43 Bcf of natural gas, or 179 Mboe. This compares with 135 Mbbls of oil and 0.62 Bcf of natural gas, or 238 Mboe for the second quarter of 2013. Production decreased 25% in the second quarter of 2014 as compared to the second quarter of 2013. During the second quarter of 2014 oil accounted for 60% of the total production volumes on an equivalent basis; however, oil revenue accounted for 84% of the total revenue.

Dune Energy Inc. Announces Unaudited Consolidated Financial and Production Results for the First Quarter Ended March 31, 2014

Dune Energy Inc. announced unaudited consolidated financial results for the first quarter ended March 31, 2014. For the quarter, the company reported total revenues of $11,989,010 against $13,084,813 a year ago. Operating income was $476,434 against $41,792 a year ago. Net loss was $2,494,022 or $0.03 per diluted share against $3,210,175 or $0.05 per diluted share a year ago. Net cash used in operating activities was $4,394,496 against net cash from operating activities of $8,889,385 a year ago. Purchase of furniture and fixtures was $4,829 compared with $130,006 for the same period a year ago. Production volumes in the first quarter were 98 Mbbls of oil and 0.39 Bcf of natural gas, or 163 Mboe. This compares with 97 Mbbls of oil and 0.39 Bcf of natural gas, or 162 Mboe for the first quarter of 2013.

 

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