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Quotes & Info
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| DNE > SEC Filings for DNE > Form 8-K on 5-Sep-2008 | All Recent SEC Filings |
5-Sep-2008
Other Events, Financial Statements and Exhibits
On September 4, 2008, Dune Energy, Inc. a Delaware corporation ("we" or the "Company"), completed the sale of our properties in the Barnett Shale, located in Denton and Wise Counties, Texas, to Pioneer Natural Resources USA, Inc. ("Buyer"), for cash consideration of $38.1 million. Such consideration reflected post closing adjustments pursuant to the terms of our Purchase and Sale Agreement with Buyer, a copy of which was annexed as an exhibit to our Current Report on Form 8-K, filed with the Securities and Exchange Commission on July 7, 2008.
Proceeds from our sale will be used to eliminate the $28.1 million outstanding on our $40 million revolver, and for general corporate purposes. A copy of the press release dated September 5, 2008, announcing the sale of our Barnett Shale properties is attached hereto as Exhibit 99.1.
Exhibit Name of Document
Exhibit 99.1 Press release dated September 5, 2008, announcing the sale of the
Company's Barnett Shale properties.
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