Dune Energy, Inc. (DUNR) Issues Oil and Gas Operational Update
Dune Energy, Inc. issued an operational update on the company’s oil and gas activities on its properties in the southern United States. Dune Energy, Inc. has acreage in the Garden Island Bay Field, located in Plaquemines Parish, Louisiana. The company has announced its intention to drill an exploratory well in a joint venture with two other unidentified parties. The well will test a sub salt Miocene sand formation at a depth of approximately 19,500 feet. Dune Energy, Inc. said that the company has used seismic data to plan out the location of the well and estimates that potential unrisked reserves…