HOUSTON, May 7 /PRNewswire-FirstCall/ -- Dune Energy, Inc. ("Dune" or the "Company") (AMEX:DNE) announced today the hiring of Steven J. Craig as Vice President of Investor Relations and Administration. Mr. Craig most recently served in a similar capacity for Remington Oil and Gas Corporation prior to its sale in June of 2006. Mr. Craig held various administrative, financial and investor relations positions within the Remington organization from 1989 through 2006. Prior to Remington Mr. Craig served in financial and analytical positions with Shearson Lehman Hutton in New York, Centex and Delhi International Oil. He began his career as an Investment Analyst for First National Bank, Dallas. He received a BA from Southern Methodist University in 1974 with a major in Economics and an MBA from Southern Methodist University in 1980 with an emphasis on Finance and Quantitative Analysis.
The hiring of Mr. Craig demonstrates the importance Dune places with respect to communication with all of our stakeholders. James A. Watt, President and Chief Executive officer of Dune commented, "Both Alan Gaines, Chairman and founder of Dune, and I are excited to have Steve join the Dune team. His extensive background in financial analysis and investor relations will provide an excellent addition to our management group and help management communicate our plans for the company going forward." 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'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 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 filed with the U.S. Securities and Exchange Commission. DATASOURCE: Dune Energy, Inc.
CONTACT: Investors, Alan Gaines, Chairman of the Board of Dune Energy, Inc., +1-713-888-0895
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