Dune Energy Inc. today reported year-end 2014 proved oil and gas reserves of 5,601 Mbo and 43.6 Bcf of gas or 12.9 MMBoe. Oil volumes decreased 1,562 Mbo or 22% and gas volumes decreased 6.5 Bcf over year-end 2013 reported reserves. PV@10% value of these reserves, as calculated in accordance with applicable financial and reporting standards of [...]
Dune Energy Inc. announced today that it has filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Western District of Texas. The Company announced that it will request approval of $10 million in debtor-in-possession financing from its pre-bankruptcy lenders. The Company [...]
In connection with the previously announced Agreement and Plan of Merger, dated September 17, between Dune Energy, Eos Petro, and Eos Merger Sub, Eos today announced that Eos and Dune have agreed to extend the expiration of the tender offer to acquire all of the outstanding shares of common stock of Dune to Friday, February 20, 2015 at 12:00 [...]
In connection with the previously announced Agreement and Plan of Merger, dated September 17, between Dune Energy, Eos Petro, and Eos Merger Sub, Eos today announced that Eos and Dune have agreed to extend the expiration of the tender offer to acquire all of the outstanding shares of common stock of Dune to Friday, January 23, 2015 at 12:00 [...]
In connection with the previously announced Agreement and Plan of Merger, dated September 17, between Dune Energy, Eos Petro, and Eos Merger Sub, Eos today announced that Eos and Dune have agreed to extend the expiration of the tender offer to acquire all of the outstanding shares of common stock of Dune to January 15, 2015 at 12:00 Midnight, New [...]
In connection with the previously announced Agreement and Plan of Merger, dated September 17, between Dune Energy, Eos Petro, and Eos Merger Sub, Eos today announced that, pursuant to an amendment to the Merger Agreement, the parties have agreed to extend the expiration of the tender offer to acquire all of the outstanding shares of common stock of [...]
In connection with the previously announced merger agreement entered into to acquire Dune Energy, EOS Petro, today announced that, in accordance with the terms of the merger agreement, EOS, EOS Merger Sub and Dune have agreed to extend the expiration of the tender offer to acquire all of the outstanding shares of common stock of Dune at a price of [...]
Eos Petro and Dune Energy today announced that Eos' directly wholly owned subsidiary, Eos Merger Sub, has commenced a tender offer to acquire all of the outstanding shares of Dune common stock for $0.30 per share in cash, without interest and less any applicable withholding taxes. The Offer is being made pursuant to the terms of the previously [...]
Dune Energy today announced it has entered into a Forbearance Agreement and Fourth Amendment dated September 30 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 [...]
Dune Energy has entered into a definitive agreement with Eos Petrowhereby Eos will acquire all of the outstanding shares of the Company for $0.30 per share in cash pursuant to an Agreement and Plan of Merger dated September 17. Under the terms of the agreement, Eos, through a merger subsidiary, will commence a tender offer no later than October 9 [...]
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