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Investor Overview – Dune Energy Inc.

Dune Energy Inc. · Nov 1, 2011 · 15 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Investor Overview – Dune Energy Inc. – slide 1
    Investor Overview November, 2011
  2. Investor Overview – Dune Energy Inc. – slide 2
    Producing Field Areas Bayou Choctaw NW Chocolate Bayou Abbeville North Broussard Hitchcock NE Lake Arthur Comite Columbus Houston Headquarters Manchester SW Toro Grande Bayou Couba Live Oak Leeville High Island 30…
  3. Investor Overview – Dune Energy Inc. – slide 3
    Producing Field Characteristics Large acreage tracts with high Working Interests More than 90% of wells operated Recompletion, PUD and Extension Opportunities Significant Oilprone Upside at Garden Island Bay Attractive Margins…
  4. Investor Overview – Dune Energy Inc. – slide 4
    Capital Structure OTC BB: DUNR.OB 48.9 MM Primary Shares O/S 4 MM Market Capitalization of common 300 MM Senior LTD 10.5% Interest Cash Pay June & December Maturity June 2012 159.7 Convertible preferred stock (9/30/2011) 12%…
  5. Investor Overview – Dune Energy Inc. – slide 5
    2011 Activity Garden Island Bay Intermediate 100% W.I. 17 Prospects, Approximately 40 Locations 28 MMBOe Gross Reserve Exposure (655.6 MM PV10%), 23.7 MMBOe Net 1st Program Well (GIB 916) Spud February 2011 Temporarily abandoned…
  6. Investor Overview – Dune Energy Inc. – slide 6
    Remaining Capital Projects 2011 Net Prospect Net Investment Net Well Rate PROJECT Reserves Comments (incl. Success Case Cost) (BOe/D) (MBOe) PUD Pearsall Toalson 1-H (40%) 0.7 100 80 November GIB 917 Gromit (100%) 5.3 278…
  7. Investor Overview – Dune Energy Inc. – slide 7
    Garden Island Bay Field PROJECT FACTS Giant Oil Field Discovered in the 30s Newly Reprocessed Seismic Data Over 28 MMBOe Untested Intermediate Potential 40 Locations OWNERSHIP 100% W.I. Operator 16,600 acres CURRENT STATUS…
  8. Investor Overview – Dune Energy Inc. – slide 8
    Garden Island Bay Intermediate Prospect Inventory Y- Y Deep Epsilon O SE Theta 7,700 9,000 7,000 3.7 MMBOe Potential 400 MBOe Potential 1.2 MMBOe Potential 1.2 MMBOe Potential S East Z 12,700 11,000 1.4 MMBOePotential 2 1.2…
  9. Investor Overview – Dune Energy Inc. – slide 9
    Garden Island Bay Shallow Prospect Inventory 100% Unrisked Prospect Reservoir Depth Reserve Potential Drill Cost (DH) Finding Cost S 170 Sand 14,000 2.8 MMBOe 5.7 MM 2.04 / BOe S East 169 Sand 12,700 1.4 MMBOe 5.3 MM 3.76 / BOe…
  10. Investor Overview – Dune Energy Inc. – slide 10
    Garden Island Bay Prospect S 1st 2011 Program Well Target Amplitude S Anomalies S 170 Sand SALT 14,000 PTD 2.8 MMBOE Potential 5.7 MM DHC Schematic Seismic Line November, 2011 11
  11. Investor Overview – Dune Energy Inc. – slide 11
    GIB S Prospect Current Status NW Lear SE 916 N 861 S Current Total Depth Target w Pay and Amplitude Shows Anomalies Deep sand Current TD Shale Sheath Salt Schematic Seismic Line 5 Liner set to a Total Depth of…
  12. Investor Overview – Dune Energy Inc. – slide 12
    Financial and Operating Results 2007 2008 2009 2010 2011 2011 2011 (Q1) (Q2) (Q3) Production (MBOe) 1,500 1,900 1,298 1,217 277 234 233 Revenue (MM) 84.3 147.2 52.2 64.2 17.4 15.9 15.1 Total LOE (MM) 32.4 43.5 28.4 25.6 7.1 6.9…
  13. Investor Overview – Dune Energy Inc. – slide 13
    2011 MidYear Reserves PV10% PV10% BCFe BCFe (MM) SEC* (MM) Strip** PDP 29.0 85.3 29.8 112.1 PDNP 22.2 35.1 23.4 53.1 PUD 28.1 108.6 28.4 141.0 Total Proved (P1) 79.3 229.0 81.6 306.2 PROBABLE (P2) / POSSIBLE (P3) 11.0 35.5 11.1…
  14. Investor Overview – Dune Energy Inc. – slide 14
    Valuations November 2011 ENTERPRISE VALUE PV10% (Mid Yr 2011 Strip) Par Pricing MM Unrisked MM Term Loan 40 Proved 306 10.5% Notes 300 Probable / Possible 48 Preferred 160 Intermediate GIB 745 Common Equity 4 Cash 22…
  15. Investor Overview – Dune Energy Inc. – slide 15
    Looking Ahead 2011 Operations Manage Program to Available Cash and Cash Flow PUD Drilling at Garden Island Bay & Pearsall Production Startup CNO 1 Leeville Field November Drill Bull Frog prospect (33.3%) at Bateman Lake 2011…

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