Dune Energy, Inc. (Dune) is an independent energy company based in Houston, Texas. The Company is engaged in the exploration, development, acquisition and exploitation of natural gas and crude oil properties, with interests along the Gulf Coast and in the fairway of the Barnett Shale in north Texas. Its properties cover over 100,000 gross acres across 23 producing oil and natural gas fields along the Texas and Louisiana Gulf Coast and in the fairway of the Barnett Shale in north Texas. During the year ended December 31, 2007, Dune?s total proved reserves were 175.4 billions of cubic feet equivalent (Bcfe), consisting of 117.6 Bcf of natural gas and 9.6 million barrels (MMbbls) of oil. On May 15, 2007, the Company acquired Goldking Energy Corporation (Goldking).(Source: 10-K)
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