Dune Energy (Amex: DNE) charttechnisch interessant

Ticker: DNE
WKN: A0YFL1
Kurs: $0.27
Outstanding shares:   40,506,775
Float:   24,151,150
Website:   www.duneenergy.com





Dune Energy, Inc. (“Dune, the “Company” or “we”) is an independent energy company based in Houston, Texas. Since May of 2004, we have been engaged in the exploration, development, acquisition and exploitation of natural gas and crude oil properties, with interests along the Louisiana/Texas Gulf Coast. Our properties cover over 90,000 gross acres across 27 producing oil and natural gas fields.

Our total proved reserves as of December 31, 2009 were 105.5 Bcfe, consisting of 62.4 Bcf of natural gas and 7.2 Mmbbls of oil. The PV-10 of our proved reserves at year end was $212.3 million based on the average of the beginning of each month prices for 2009 of $58.05/bbl and $4.14/mcf. During 2009, we added 5.5 Bcfe through extensions and discoveries, sold 2.2 Bcfe and produced 9.5 Bcfe. In addition, we experienced a downward revision of (21.3) Bcfe largely as a result of well performance at our Chocolate Bayou field (8.3) Bcfe and deletion of proved undeveloped locations at our North Broussard field (10.6) Bcfe due to mapping from 3-D seismic data.

Employees

As of December 31, 2009, we had 48 full time employees. We are not a party to any collective bargaining agreements and have not experienced any strikes or work stoppages. We believe our relationships with our employees are good. From time to time, we utilize the services of independent contractors to perform various field and other services.

Our Business Strategy

We intend to use our competitive strengths to continue increasing reserves, production and cash flow in order to maximize value for stockholders. The following are key elements of this strategy:

Grow Through Exploitation, Development and Exploration of Our Properties . Our primary focus will continue to be the development and exploration efforts in our Gulf Coast properties. We believe that our properties and acreage position will allow us to grow organically through low risk drilling in the near term, as this property set continues to present attractive opportunities to expand our reserve base through workovers and recompletions, field extensions, delineating deeper formations within existing fields and higher risk/higher reward exploratory drilling. In addition, we will constantly review, rationalize and “high-grade” our properties in order to optimize our existing asset base.

Actively Manage the Risks and Rewards of Our Drilling Program.  Our strategy is to increase our oil and gas reserves and production while keeping our finding and development costs and operating costs (on a per Mcf equivalent (Mcfe) basis) competitive with our industry peers. We will implement this strategy through drilling exploratory and development wells from our inventory of available prospects that we have evaluated for geologic and mechanical risk and future reserve or resource potential. Our drilling program will contain some higher risk/higher reserve potential opportunities as well as some lower risk/lower reserve potential opportunities in order to achieve a balanced program of reserve and production growth.

Maintain and Utilize State of the Art Technological Expertise.  We expect to maintain and utilize our technical and operations teams’ knowledge of salt-dome structures and multiple stacked producing zones common in the Gulf Coast to enhance our growth prospects and reserve potential. We employ technical advancements, including 3-D seismic data and Pre-stack depth and Reverse-Time migration to identify and exploit new opportunities in our asset base. We also employ the latest directional drilling, completion and fracturing technology in our wells to enhance recoverability and accelerate cash flows.  

Investoren Präsentation:

http://www.duneenergy.com/PDFs/Dec2009Investor_Presentation.pdf

 

 

www.duneenergy.com/PDFs/Dec2009Investor_Presentation.pdf

 

 

 

Intraday verhält sich die Aktie genial.
Stopp Loss sollte man wohl bei $0.25 setzen  

 

Bleibe weiter drin solange die 50er Tageslinie hält.  

Charttechnischer Ausbruch ist heute erfolgt - GO baby GOoooooooooooo!

Dune Energy, Inc. Announces Property Sale and 2010 Drilling Plans

PR Newswire

HOUSTON, April 29

HOUSTON, April 29 /PRNewswire-FirstCall/ --

Sale of South Florence Field, Vermilion Parish, Louisiana

Dune Energy (NYSE Amex: DNE) announced it has reached an agreement in principle to sell its interests in the South Florence field for $30 million to a private party.  As of December 31, 2009, Dune's interest in this field corresponded to 11.9 Bcfe of proved reserves based on an independent reserve report.  Production from the field has averaged approximately 3.8 Mmcfe/day during the first quarter of 2010.  Dune expects to close this sale early in the third quarter of 2010, with an effective date of May 1, 2010.  Dune anticipates that the sale will be subject to negotiation and execution of definitive purchase and sale documents, modification or waiver of applicable provisions of Dune's credit facility, approval by Dune's Board of Directors, obtaining an independent opinion as to fair value of the property to be sold, and other customary closing conditions.  Dune expects to use proceeds from the sale to either temporarily or permanently repay borrowings under its $40 million revolving credit facility, and / or to invest in new assets or fund maintenance, repair or improvement of its existing properties and assets.

2010 Drilling Plans

Chocolate Bayou, Brazoria County, Texas

Dune Energy anticipates spudding the Wieting #33 well in June 2010 to test an approximately 60 Bcfe IP Farms sand prospect at 14,000 feet.  Dune will retain a 50% interest in the well and offset locations.  In 2007, Dune drilled the Wieting #30, 1,400 feet northeast of this planned well, which penetrated the IP Farms interval with gas shows approximately 400 feet down dip of the proposed #33 location.  The Wieting #30 was completed in the shallower Andrau Sand, with initial production rates of 6.5 Mmcfg/day and 764 BO/day.  In 2009, Dune participated in the Wieting #32, which was completed in the S Sand formation, approximately 300 feet above the Andrau Sand, with initial production rates of 7.4 Mmcfg/day and 732 BO/day.  Dune has a 100% working interest in the Wieting #30 and a 50% working interest in the Wieting #32.

Garden Island Bay Field, Plaquemines Parish, Louisiana

In the fourth quarter of 2010, post hurricane season, Dune intends to initiate a three well exploratory program in the Garden Island Bay Field to test targets on the northwest side of the field at between 12,000 and 14,000 feet.  These three tests have potential reserves of 7.8 Mmboe, all of which have been imaged with depth-migrated, 3-D seismic data.  Dune intends to maintain a 50-100% working interest in these exploratory oil prospects depending on capital availability at the time.

In addition, Dune and its partners have developed a 22,000 foot subsalt prospect in the field with gross unrisked reserve potential of approximately 100 Mmboe.  Dune anticipates a well will be spud under this program in the fourth quarter of 2010, with Dune retaining approximately a 15% interest in this high potential oil prospect.

Proved Reserves and Upside Potential

Based on a February 1, 2010 strip pricing forecast, Dune Energy's proved reserves were 107 Bcfe and required approximately $102 million of development capital.  Dune also holds approximately 16 Bcfe of probable and possible reserves, which require approximately $23 million of development capital.  The exploratory potential of Dune's prospect inventory represents an additional unrisked 330 Bcfe of reserves requiring approximately $229 million of capital to develop.  This unrisked potential assumes that Dune maintains a 50% interest in the development of Chocolate Bayou, a 15% interest in the development of Garden Island Bay subsalt and a 50% interest in developing the intermediate depth prospects around Garden Island Bay.

James A. Watt, President and Chief Executive Officer stated, "We have defined many accretive economic opportunities in our asset base that are capital starved.  Our current capital availability severely limits our ability to invest in these value-added prospects.  The sale of the South Florence Field, along with our industry marketing efforts, will free capital to invest in higher rate of return projects and develop the upside potential of our program."

Capital Structure

Negotiations with Note Holders

Dune continues discussions with the holders of its $300 million in principal amount of 10 1/2 % Senior Secured notes due in June of 2012, with a view toward an overall restructuring of Dune's balance sheet.  To date, Dune has not reached an agreement with holders of a sufficient principal amount of the notes to ensure a restructuring can be implemented in a timely and cost effective manner.  Dune plans to continue discussions with the holders of its notes with the goal of achieving a debt restructuring that would be equitable for all its stake holders and free capital to fully implement development of its upside potential.

Convertible Preferred Stock

Currently Dune Energy has outstanding 195,364 shares of 10% Senior Redeemable Convertible Preferred Stock.  These shares are convertible into common stock at $8.75 per share.  The currently applicable dividend rate is 12% per annum and dividends may be (and to date have been) paid in kind in the form of additional shares of the same series of preferred stock.  In addition, the highly dilutive impact of the make-whole provisions, applicable to conversions prior to June 1, 2010, has ceased due to the setting of an April 2, 2010 record date with respect to the dividend payable on June 1, 2010.

Mr. Watt continued, "We will continue industry marketing of deals, sale of non core assets, and negotiations with our note holders, to be able to dedicate more capital to our high potential upside opportunities within our existing asset base.  These efforts should result in long term value for all stakeholders."

Click here for more information:  http://www.duneenergy.com/news.html?b=1683&1=1

FORWARD-LOOKING STATEMENTS: This document includes forward-looking statements that are intended to be covered by "forward-looking statements" safe harbor provided by the Private Securities Litigation Reform Act of 1995.  All statements included in this press release that address activities, events or developments that Dune Energy expects, believes or anticipates will or may occur in the future are 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 that 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-K filed with the U.S. Securities and Exchange Commission.

SOURCE Dune Energy, Inc.  

Hoffe mal es geht in dem tempo weiter nach oben.
Chartanalye folgt am Wochenende...  

Chart sieht sehr stark nach einer cup and handle Bildung aus.
Aktuellen chart gibt es heute abend nach Börsenschluss.  

 

TO DNE STOCKHOLDERS:

You are cordially invited to attend our 2010 Annual Stockholders’ Meeting to be held at the Doubletree Hotel, 400 Dallas Street, Houston, Texas 77002 on Wednesday, June 2, 2010, at 11:00 a.m. local time.
http://ih.advfn.com/...id=nmona&article=42555812&symbol=A^DNE  

Habe ja lange nix Schon mehr von dir gelesen bei WO bist du auch NICHT MEHR angemeldet Hatte es Dort mit einem Gewissen  Moderator zu tun ?! Sieht lecker der Chart Gruß BRBa

 

 

 

 

 

Jo jo, war beruflich sehr eingespannt in letzter Zeit hoffe es läuft bei Dir supi.
Börsenstrategie fixiere ich nur noch auf das wesentlich , nämlich den Chart...
Bis bald mal
Gruß thekey

"With enough inside information and a million dollars you can go broke in a year" ~ Warren Buffett  

Widerstände liegen bei $0.33 und $0.36 dann gehts schnell Richtung $0.40+  

Boden erreicht bei $0.28  

DNE ist von der Marketcap der günstigste Ölwert der an der Amex gehandelt wird.
Charttechnisch werden wir nach dm Bruch der $0.28 Marke ganz schnell Richtung $0.30 und dann $0.34 laufen.  

DNE sollte nächste Woche weiter nach oben laufen.
Am Donnerstag sind die zittrigen Hände aus dem Wert ausgestiegen.
Ich rechne nun mit einem soliden Anstieg bis $0.40 innerhalb von max. 2 Wochen
Eine aktuelle Chartanalyse wird in den nächsten Tagen folgen.
Schönes Wochenende und Pfingsten an alle.  

 

Schließen wir heute positiv , so haben wir 2 Kaufsignale im OBV7 und Accum Dist. 7 generiert.
Aktuell sieht es sehr stark danach aus!
 

Bin mit an Bord zu 0,25$.