Dune Energy Expands 3D Seismic Database.Business Editors HOUSTON--(BUSINESS WIRE)--June 7, 2004 Dune dune, mound or ridge of wind-blown sand formed in arid regions and along coasts. Dunes are common in most of the great deserts of the world. Often a dune begins to form because material is deposited by the wind as it encounters a bush, a rock, or other obstacle to Energy, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: DENG DEng Doctor of Engineering DENG Digital Electronic News Gathering ), announced today that it has expanded the 3D seismic database covering its Welder Ranch property through the purchase of an additional 6.5 square miles A square mil is a unit of area, equal to the area of a square with sides of length one mil. A mil is one thousandth of an international inch. This unit of area is usually used in specifying the area of the cross section of a wire or cable. of high quality 40 fold 3D data. The data, said Dune, will allow further delineation of additional high impact prospects on its leased and option acreage. Dune said that recent success by nearby offset operators suggests potentially significant deep Wilcox structures may be present on Dune's Welder property. During initial logging and ongoing completion operations on the Rob Welder - Dune Energy #1 well, prospective Yegua sands were encountered and are presently being further evaluated by Dune's technical staff. Commenting on the purchase of the Welder Ranch seismic, Dune Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Alan Gaines said, "Our recent common equity placement has allowed Dune to expand and accelerate its commitment to our highly prospective Welder Ranch asset. We are very excited about the drilling results of other operators immediately offsetting our property, and will continue to evaluate the Yegua potential of the Rob Welder - Dune Energy #1, additional Yegua locations, and high impact lower Wilcox potential." Dune Energy is a diversified energy company with operations presently focused in South Texas. FORWARD-LOOKING STATEMENTS forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : 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 relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc 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 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 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed with the U.S. Securities and Exchange Commission. |
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