HOUSTON, July 12 /PRNewswire-FirstCall/ -- Dune Energy, Inc. (AMEX:DNE) held its annual shareholder meeting on July 10, 2007 in Houston. The following directors were elected to serve for the upcoming year: Alan D. Gaines, James A. Watt, Richard M. Cohen, Steven Barrenechea, Steven Sisselman, William E. Greenwood and Alan D. Bell. Mr. Gaines will serve as Chairman of the Board of Directors.
The company will report 2nd quarter financial and operating results by mid-August. At that time guidance for total capital, production volumes and costs for the remainder of the year will be provided.
FORWARD-LOOKING STATEMENTS: This document includes 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 which 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-KSB/A filed with the U.S. Securities and Exchange Commission. DATASOURCE: Dune Energy, Inc.
CONTACT: Investors, Steven J. Craig, Sr. Vice President Investor Relations and Administration, +1-713-229-6300, of Dune Energy, Inc. |