Dune Anticipates Production Ramp-Up in Late 2008
Earlier in the year Dune Energy set a 2008 production target of 20 Bcfe, or an average of 55 Mcfe/day for the full year. Fourth quarter 2007 production was 3.8 Bcfe. We anticipate production during the first quarter 2008 to be relatively flat as compared with the 2007 fourth quarter, with a production ramp up occurring in the second half of the year. During the first half of 2008 we will enhance the production facilities at Chocolate Bayou, Bayou Couba, and Garden Island Bay in order to accommodate recent successful drilling and anticipated drilling activity later in 2008.
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