DUNE ENERGY INC - FORM 8-K - EX-99.3

Attached files

file	filename
EX-99.1 - EX-99.1 - DUNE ENERGY INC	d46854dex991.htm
8-K - 8-K - DUNE ENERGY INC	d46854d8k.htm
EX-99.2 - EX-99.2 - DUNE ENERGY INC	d46854dex992.htm

Exhibit 99.3


*MOR-1*	UNITED STATES BANKRUPTCY COURT
CASE NAME: Dune Energy, Inc., Dune Operating Company, Dune Properties, Inc.		PETITION DATE:	3/8/2015
CASE NUMBER: 15-10336, 15-10337, 15-10338		DISTRICT OF TEXAS:	Western District
PROPOSED PLAN DATE: 8/20/2015		DIVISION:	Austin, TX

MONTHLY OPERATING REPORT SUMMARY: August 2015


*MONTH*	March		April		May		June		July		August
REVENUES (MOR-6)		1,480,932		1,555,902		1,757,039		1,882,578		-197,777		167,209
INCOME BEFORE INT; DEPREC./TAX (MOR-6)		-1,895,084		-2,056,316		-1,201,815		-1,361,591		-1,257,839		-1,594,133
NET INCOME (LOSS) (MOR-6)		-4,005,651		-3,956,990		-3,102,284		-3,270,159		-148,722,719		-2,574,062
PAYMENTS TO INSIDERS (MOR-9)		132,323		132,323		132,323		132,323		184,528		0
PAYMENTS TO PROFESSIONALS (MOR-9)		155,574		647,939		253,402		1,328,680		1,298,770		1,116,015

TOTAL DISBURSEMENTS (MOR-7)		2,011,362		3,029,927		2,477,842		3,345,222		11,673,095		1,645,446

***The original of this document must be filed with the United States Bankruptcy Court and a copy must be sent to the United States Trustee***

CIRCLE ONE

REQUIRED INSURANCE MAINTAINED

AS OF SIGNATURE DATE

EXP.

DATE

Are all accounts receivable being collected within terms?

CASUALTY

YES (X) NO ( )

03-03-2016

Are all post-petition liabilities, including taxes, being paid within terms?

LIABILITY

YES (X) NO ( )

10-31-2015

Have any pre-petition liabilities been paid?

VEHICLE

YES (X) NO ( )

01-15-2016

If so, describe:

Certain payments were made pursuant to First Day Orders

WORKER’S

YES (X) NO ( )

03-03-2016

Are all funds received being deposited into DIP bank accounts?

OTHER

YES (X) NO ( )

02-01-2016

Were any assets disposed of outside the normal course of business?

Yes

If so, describe

Are all U.S. Trustee Quarterly Fee Payments current?


		What is the status of your Plan of Reorganization?				The Court entered an order confirming the Chapter 11


		Plan of the Debtors on September 18, 2015.

ATTORNEY NAME:

Kenric Kattner

I certify under penalty of perjury that the following complete

Monthly Operating Report (MOR), consisting of MOR-1 through

MOR-9 plus attachments, is true and correct.

FIRM NAME:

HaynesBoone

ADDRESS:

1221 McKinney St

ste 2100

LOGO

CITY, STATE, ZIP:

Houston, TX 77010

SIGNED X

TITLE:

Chief Restructuring Officer

TELEPHONE/FAX:

713 547-2518

(ORIGINAL SIGNATURE)

Donald R. Martin

9/30/2015

MOR-1

(PRINT NAME OF SIGNATORY)

DATE


CASE NAME:		Dune Energy, Inc., Dune Operating Company, Dune Properties, Inc.
CASE NUMBER:		15-10336, 15-10337, 15-10338

COMPARATIVE BALANCE SHEETS


ASSETS	FILING DATE* March 8, 2015			MONTH* March 2015			MONTH* April 2015			MONTH* May 2015			MONTH* June 2015			MONTH* July 2015		MONTH* August 2015
CURRENT ASSETS
Cash	$	1,486,590		$	2,928,419		$	1,363,035		$	1,503,615		$	862,437		$	13,888,978	$	12,394,947
Accounts Receivable, Net	$	2,658,690		$	2,518,985		$	2,832,217		$	3,170,218		$	3,356,014		$	187,050	$	158,149
Inventory: Lower of Cost or Market	$	0		$	0		$	0		$	0		$	0		$	0	$	0
Prepayments and other current assets	$	2,230,279		$	2,132,489		$	1,807,853		$	1,513,038		$	1,220,306		$	588,144	$	698,538
Investments	$	0		$	0		$	0		$	0		$	0		$	0	$	0
Other	$	0		$	0		$	0		$	0		$	0		$	0	$	0

TOTAL CURRENT ASSETS	$	6,375,559		$	7,579,893		$	6,003,105		$	6,186,871		$	5,438,757		$	14,664,172	$	13,251,634

PROPERTY, PLANT & EQUIP. @ COST	$	309,570,864		$	309,894,751		$	309,813,772		$	310,036,043		$	310,218,276		$	130,470	$	126,440
Less Accumulated Depreciation	($	121,044,287	)	($	121,828,545	)	($	122,431,539	)	($	123,005,437	)	($	123,611,656	)	$	0	$	0
NET BOOK VALUE OF PP & E	$	188,526,577		$	188,066,206		$	187,382,233		$	187,030,606		$	186,606,620		$	130,470	$	126,440
OTHER ASSETS
1. Deferred Financing Costs	$	866,738		$	787,317		$	707,896		$	628,475		$	549,054		$	469,633	$	390,212

2. Other Assets	$	2,254,125		$	2,254,136		$	2,254,136		$	2,254,159		$	2,254,159		$	0	$	0

TOTAL ASSETS	$	198,022,999		$	198,687,552		$	196,347,370		$	196,100,111		$	194,848,590		$	15,264,275	$	13,768,286

*	Per unaudited financial statements prepared by management

MOR-2


CASE NAME:		Dune Energy, Inc., Dune Operating Company, Dune Properties, Inc.
CASE NUMBER:		15-10336, 15-10337, 15-10338

COMPARATIVE BALANCE SHEETS


LIABILITIES & OWNER’S EQUITY	FILING DATE* March 8, 2015			MONTH* March 2015			MONTH* April 2015			MONTH* May 2015			MONTH* June 2015			MONTH* July 2015			MONTH* August 2015
LIABILITIES
POST-PETITION LIABILITIES(MOR-4)					3,693,160			4,381,306.40			5,713,119			6,017,845			1,344,472			1,620,934
PRE-PETITION LIABILITIES
Notes Payable - Secured		111,689,964			112,466,917			113,215,215			114,025,145			114,797,406			114,814,064			115,846,393
Priority Debt		0			0			0			0			0			0
Federal Income Tax		0			0			0			0			0			0
FICA/Withholding		0			0			0			0			0			0
Unsecured Debt		16,514,901			16,599,095			16,480,870			16,873,376			17,488,330			13,611,488			13,365,801
Other		22,548,485			22,744,889			22,941,293			23,160,767			23,361,754			1,771,596			1,786,564

TOTAL PRE-PETITION LIABILITIES		150,753,350			151,810,900			152,637,378			154,059,287			155,647,490			130,197,148			130,998,759

TOTAL LIABILITIES		150,753,350			155,504,061			157,018,684			159,772,406			161,665,335			131,541,620			132,619,693

OWNER’S EQUITY (DEFICIT)
COMMON STOCK		74,009			74,009			74,009			74,009			74,009			74,009			74,009
TREASURY STOCK		(339,790	)		(339,790	)		(339,790	)		(339,790	)		(339,790	)		(339,790	)		(339,790	)
ADDITIONAL PAID-IN CAPITAL		180,653,012			180,572,505			180,674,690			180,775,993			180,877,296			180,163,821			180,163,821
RETAINED EARNINGS		(133,117,582	)		(137,123,233	)		(141,080,223	)		(144,182,507	)		(147,452,666	)		(296,175,385	)		(298,749,447	)

TOTAL OWNER’S EQUITY (NET WORTH)		47,269,649			43,183,491			39,328,686			36,327,705			33,158,849			(116,277,345	)		(118,851,407	)


TOTAL LIABILITIES & OWNERS EQUITY		198,022,999		$	198,687,552		$	196,347,370		$	196,100,111			194,824,184			15,264,275			13,768,286

*	Per unaudited financial statements prepared by management.

MOR-3


CASE NAME:		Dune Energy, Inc., Dune Operating Company, Dune Properties, Inc.
CASE NUMBER:		15-10336, 15-10337, 15-10338

SCHEDULE OF POST-PETITION LIABILITIES


	MONTH		MONTH		MONTH		MONTH		MONTH		MONTH
	March 2015		April 2015		May 2015		June 2015		July 2015		August 2015
*TRADE ACCOUNTS PAYABLE*		682,803		972,956		294,632		235,088		235,088		235,088
TAX PAYABLE
Federal Payroll Taxes		0.00		0.00		0.00		0.00		0.00		0.00
State Payroll Taxes		0.00		0.00		0.00		0.00		0.00		0.00
Ad Valorem Taxes		0.00		0.00		0.00		0.00		0.00		0.00
Other Taxes		0.00		0.00		0.00		0.00		0.00		0.00

TOTAL TAXES PAYABLE		0.00		0.00		0.00		0.00		0.00		0.00

SECURED DEBT POST-PETITION		3,000,000		3,000,000		3,960,000		4,670,000		0.00		0.00
ACCRUED INTEREST PAYABLE		10,357		17,711		21,174		27,779		0.00		0.00
ACCRUED PROFESSIONAL FEES (1)		0.00		390,640		1,437,312		1,084,978		1,109,384		1,385,846
OTHER ACCRUED LIABILITIES
1.
2.
3.

TOTAL POST-PETITION LIABILITIES (MOR-3)	$	3,693,160	$	4,381,306	$	5,713,119	$	6,017,845	$	1,344,472	$	1,620,934

(1)	Reflects accrued but unpaid professional fees; payment requires court approval

MOR-4


CASE NAME:		Dune Energy, Inc., Dune Operating Company, Dune Properties, Inc.
CASE NUMBER:		15-10336, 15-10337, 15-10338


		AGING OF POST-PETITION LIABILITIES
		MONTH		August 2015


DAYS	TOTAL		TRADE ACCOUNTS (1)		FEDERAL TAXES		STATE TAXES		AD VALOREM, OTHER TAXES		OTHER
0-30		167,422		167,422		0		0		0		0
31-60		5,050		5,050		0		0		0		0
61-90		33,715		33,715		0		0		0		0
91+		28,901		28,901		0		0		0		0

TOTAL	$	235,088	$	235,088	$	0	$	0	$	0	$	0

AGING OF ACCOUNTS RECEIVABLE (2)


MONTH	March 2015		April 2015		May 2015		June 2015		July 2015		August 2015
0-30 DAYS		-52,353		101,472		97,083		126,493		78,310		65,312
31-60 DAYS		133,772		-49,058		26,421		16,347		18,911		21,868
61-90 DAYS		2,493		122,674		18,044		25,726		6,147		17,098
91+ DAYS		25,398		26,494		58,442		71,227		96,803		53,872

TOTAL	$	109,310	$	201,581	$	199,990	$	239,793	$	200,171	$	158,150

(1)	Accrued and unpaid professional fees not included; see MOR-9

(2)	Dune’s Accounts Receivable accounts do not represent any Oil and Gas production that has not been sold.

MOR-5


CASE NAME:		Dune Energy, Inc.
CASE NUMBER:		15-10336

STATEMENT OF INCOME (LOSS)


	MONTH March 2015			MONTH April 2015			MONTH May 2015			MONTH June 2015			MONTH July 2015			MONTH August 2015			FILING TO DATE
REVENUES (MOR-1)		0			0			0			0			0			0			0

TOTAL COST OF REVENUES		0			0			0			0			0			0			0

GROSS PROFIT		0			0			0			0			0			0			0
OPERATING EXPENSES:
Selling & Marketing		0			0			0			0			0			0			0
General & Administrative		0			325			0			0			325			0			650
Other		0			0			0			0			0			0			0

TOTAL OPERATING EXPENSES		0			325			0			0			325			0			650

INCOME BEFORE INT, DEPR/TAX (MOR-1)		0			-325			0			0			-325			0			-650
INTEREST EXPENSE		1,045,868			1,017,007			1,052,797			1,023,131			1,064,808			1032330			6,235,941
DEPRECIATION		0			0			0			0			0			0			0
OTHER (INCOME) EXPENSE*		79,421			79,421			79,421			79,421			79,421			79,421			476,526
OTHER ITEMS		0			0			0			0			0			0			0

TOTAL INT, DEPR & OTHER ITEMS		1,125,289			1,096,428			1,132,218			1,102,552			1,144,229			1,111,751			6,712,467

NET INCOME BEFORE TAXES		-1,125,289			-1,096,753			-1,132,218			-1,102,552			-1,144,554			-1,111,751			-6,713,117
FEDERAL INCOME TAXES																				0
NET INCOME (LOSS) (MOR-1)	($	1,125,289	)	($	1,096,753	)	($	1,132,218	)	($	1,102,552	)	($	1,144,554	)	($	1,111,751	)	($	6,713,117	)

Accrual Accounting Required, Otherwise Footnote with Explanation.

*	Amortization of deferred financing costs

MOR-6


CASE NAME:		Dune Operating Company
CASE NUMBER:		15-10337

STATEMENT OF INCOME (LOSS)


	MONTH March 2015			MONTH April 2015			MONTH May 2015			MONTH June 2015			MONTH July 2015			MONTH August 2015			FILING TO DATE
REVENUES (MOR-1)		0			0			0			0			0			0			0

TOTAL COST OF REVENUES		0			0			0			0			0			0			0

GROSS PROFIT		0			0			0			0			0			0			0
OPERATING EXPENSES:
Selling & Marketing		0			0			0			0			0			0			0
General & Administrative		975,044			1,044,356			720,955			864,037			749,593			812,014			5,165,999
Other		0			0			0			0			0			0			0

TOTAL OPERATING EXPENSES		975,044			1,044,356			720,955			864,037			749,593			812,014			5,165,999

INCOME BEFORE INT, DEPR/TAX (MOR-1)		-975,044			-1,044,356			-720,955			-864,037			-749,593			-812,014			-5,165,999
INTEREST EXPENSE		0			0			0			0			0			0			0
DEPRECIATION		0			4,848			4,079			-24,308			0			0			-15,381
OTHER (INCOME) EXPENSE		-11			0			-6,107			-638			-12,163			-1,979			-20,898
OTHER ITEMS		0			0			0			0			0			0			0

TOTAL INT, DEPR & OTHER ITEMS		-11			4,848			-2,028			-24,946			-12,163			-1,979			-36,279

NET INCOME BEFORE TAXES		-975,033			-1,049,204			-718,927			-839,091			-737,430			-810,035			-5,129,720
FEDERAL INCOME TAXES		0			0			0			0			0			0			0
NET INCOME (LOSS) (MOR-1)	($	975,033	)	($	1,049,204	)	($	718,927	)	($	839,091	)	($	737,430	)	($	810,035	)	($	5,129,720	)

Accrual Accounting Required, Otherwise Footnote with Explanation.

MOR-6


CASE NAME:		Dune Properties, Inc.
CASE NUMBER:		15-10338

STATEMENT OF INCOME (LOSS)


	MONTH March 2015			MONTH April 2015			MONTH May 2015			MONTH June 2015			MONTH July 2015			MONTH August 2015			FILING TO DATE
REVENUES (MOR-1)		1,480,932			1,555,902			1,757,039			1,882,578			-197,777			167,209			6,645,883

TOTAL COST OF REVENUES		1,425,928			1,523,179			1,526,373			1,516,094			426,774			137,318			6,555,666

GROSS PROFIT		55,004			32,723			230,666			366,484			228,997			29,891			943,765
OPERATING EXPENSES:
Selling & Marketing		0			0			0			0			0			0			0
General & Administrative		975,044			1,044,358			711,526			864,038			736,918			812,010			5,143,894
Other		0			0			0			0			0			0			0

TOTAL OPERATING EXPENSES		975,044			1,044,358			711,526			864,038			736,918			812,010			5,143,894

INCOME BEFORE INT, DEPR/TAX (MOR-1)		-920,040			-1,011,635			-480,860			-497,554			-507,921			-782,119			-4,200,129
INTEREST EXPENSE		0			0			0			0			0			0			0
DEPRECIATION		788,885			602,994			573,898			634,558			4,030			4,030			2,608,395
OTHER (INCOME) EXPENSE*		0			0			-23			0			146,313,816			-148,841			146,164,952
OTHER ITEMS**		196,404			196,404			196,404			196,404			14,968			14,968			815,552

TOTAL INT, DEPR & OTHER ITEMS		985,289			799,398			770,279			830,962			146,332,814			-129,843			149,588,899

NET INCOME BEFORE TAXES		-1,905,329			-1,811,033			-1,251,139			-1,328,516			-146,840,735			-652,276			-153,789,028
FEDERAL INCOME TAXES		0			0			0			0			0			0			0
NET INCOME (LOSS) (MOR-1)	($	1,905,329	)	($	1,811,033	)	($	1,251,139	)	($	1,328,516	)	($	146,840,735	)	($	652,276	)	($	153,789,028	)

Accrual Accounting Required, Otherwise Footnote with Explanation.

*	Loss on sale of oil and gas properties

**	Accretion of Asset Retirement Obligations

MOR-6


CASE NAME:		Dune Energy, Inc.
CASE NUMBER:		15-10336


CASH RECEIPTS AND DISBURSEMENTS	MONTH March 2015		MONTH April 2015		MONTH May 2015		MONTH June 2015		MONTH July 2015		MONTH August 2015		FILING TO DATE
1. CASH-BEGINNING OF MONTH	$	0	$	0	$	0	$	0	$	0	$	0	$	0
RECEIPTS:
2. CASH SALES	$	0	$	0	$	0	$	0	$	0	$	0	$	0
3. COLLECTION OF ACCOUNTS RECEIVABLE	$	0	$	0	$	0	$	0	$	0	$	0	$	0
4. LOANS & ADVANCES (attach list)	$	0	$	0	$	0	$	0	$	0	$	0	$	0
5. SALE OF ASSETS	$	0	$	0	$	0	$	0	$	0	$	0	$	0
6. OTHER (attach list)	$	0	$	0	$	0	$	0	$	0	$	0	$	0

TOTAL RECEIPTS	$	0	$	0	$	0	$	0	$	0	$	0	$	0

DISBURSEMENTS:
7. NET PAYROLL	$	0	$	0	$	0	$	0	$	0	$	0	$	0
8. PAYROLL TAXES PAID	$	0	$	0	$	0	$	0	$	0	$	0	$	0
9. SALES, USE & OTHER TAXES PAID	$	0	$	0	$	0	$	0	$	0	$	0	$	0
10. SECURED/RENTAL/LEASES	$	0	$	0	$	0	$	0	$	0	$	0	$	0
11. UTILITIES & TELEPHONE	$	0	$	0	$	0	$	0	$	0	$	0	$	0
12. INSURANCE	$	0	$	0	$	0	$	0	$	0	$	0	$	0
13. INVENTORY PURCHASES	$	0	$	0	$	0	$	0	$	0	$	0	$	0
14. VEHICLE EXPENSES	$	0	$	0	$	0	$	0	$	0	$	0	$	0
15. TRAVEL & ENTERTAINMENT	$	0	$	0	$	0	$	0	$	0	$	0	$	0
16. REPAIRS, MAINTENANCE & SUPPLIES	$	0	$	0	$	0	$	0	$	0	$	0	$	0
17. ADMINISTRATIVE & SELLING	$	0	$	0	$	0	$	0	$	0	$	0	$	0
18. OTHER (attach list)	$	0	$	0	$	0	$	0	$	0	$	0	$	0

TOTAL DISBURSEMENTS FROM OPERATIONS	$	0	$	0	$	0	$	0	$	0	$	0	$	0

19. PROFESSIONAL FEES	$	0	$	0	$	0	$	0	$	0	$	0	$	0
20. U.S. TRUSTEE FEES	$	0	$	0	$	0	$	0	$	0	$	0	$	0
21. OTHER REORGANIZATION EXPENSES (attach list)	$	0	$	0	$	0	$	0	$	0	$	0	$	0

TOTAL DISBURSEMENTS	$	0	$	0	$	0	$	0	$	0	$	0	$	0

22. NET CASH FLOW	$	0	$	0	$	0	$	0	$	0	$	0	$	0
23. CASH - END OF MONTH (MOR-2)	$	0	$	0	$	0	$	0	$	0	$	0	$	0

MOR-7


CASE NAME:		Dune Operating Company
CASE NUMBER:		15-10337


CASH RECEIPTS AND DISBURSEMENTS	MONTH March 2015		MONTH April 2015		MONTH May 2015		MONTH June 2015		MONTH July 2015		MONTH August 2015		FILING TO DATE
1. CASH-BEGINNING OF MONTH	$	171,197	$	2,928,419	$	1,363,035	$	1,503,615	$	862,437	$	13,888,978	$	171,197
RECEIPTS:
2. CASH SALES		1,768,583		1,460,543		1,642,422		1,994,044		2,254,833		149,786		9,270,210
3. COLLECTION OF ACCOUNTS RECEIVABLE		0		0		0		0		0		0		0
4. LOANS & ADVANCES (attach list)		3,000,000		0		960,000		710,000		3,140,000		0		7,810,000
5. SALE OF ASSETS		0		4,000		16,000		0		19,304,802		0		19,324,802
6. OTHER (attach list)		0		0		0		0		0		0		0

TOTAL RECEIPTS		4,768,583		1,464,543		2,618,422		2,704,044		24,699,636		149,786		36,405,013

DISBURSEMENTS:
7. NET PAYROLL		459,120		454,227		490,510		398,431		651,697		0		2,453,984
8. PAYROLL TAXES PAID		0		0		0		0		0		0		0
9. SALES, USE & OTHER TAXES PAID		320,326		150,566		105,211		190,872		373,866		282,986		1,423,827
10. SECURED/RENTAL/LEASES		0		0		0		0		7,810,000		0		7,810,000
11. UTILITIES & TELEPHONE		0		0		0		0		0		0		0
12. INSURANCE		267,688		355,633		250,572		168,980		247,419		53,931		1,344,223
13. INVENTORY PURCHASES		0		0		0		0		0		0		0
14. VEHICLE EXPENSES		0		0		0		0		0		0		0
15. TRAVEL & ENTERTAINMENT		0		0		0		0		0		0		0
16. REPAIRS, MAINTENANCE & SUPPLIES		48,177		948,606		810,078		705,112		962,643		69,370		3,543,986
17. REVENUES & ROYALTIES		614,927		231,720		362,841		326,068		0		0		1,535,556
18. ADMINISTRATIVE & SELLING		33,722		207,255		194,828		206,376		254,821		123,145		1,020,146
19. OTHER (attach list)		0		0		0		0		0		0		0

TOTAL DISBURSEMENTS FROM OPERATIONS		1,743,960		2,348,006		2,214,040		1,995,839		10,300,445		529,431		19,131,721

20. PROFESSIONAL FEES		155,574		647,939		253,402		1,328,680		1,298,770		1,116,015		4,800,380
21. U.S. TRUSTEE FEES		0		0		10,400		0		13,650		0		24,050
22. OTHER REORGANIZATION EXPENSES		111,827		33,981		0		20,702		60,231		0		226,741

TOTAL DISBURSEMENTS		2,011,362		3,029,927		2,477,842		3,345,222		11,673,095		1,645,446		24,182,893

23. NET CASH FLOW		2,757,222		-1,565,384		140,580		-641,178		13,026,541		-1,495,661		12,222,120
24. CASH - END OF MONTH (MOR-2)		2,928,419		1,363,035		1,503,615		862,437		13,888,978		12,393,317		32,939,801

MOR-7


CASE NAME:		Dune Properties, Inc.
CASE NUMBER:		15-10338


CASH RECEIPTS AND DISBURSEMENTS	MONTH March 2015		MONTH April 2015		MONTH May 2015		MONTH June 2015		MONTH July 2015		MONTH August 2015		FILING TO DATE
1. CASH-BEGINNING OF MONTH	$	0	$	0	$	0	$	0	$	0	$	0	$	0
RECEIPTS:
2. CASH SALES	$	0	$	0	$	0	$	0	$	0	$	0	$	0
3. COLLECTION OF ACCOUNTS RECEIVABLE	$	0	$	0	$	0	$	0	$	0	$	0	$	0
4. LOANS & ADVANCES (attach list)	$	0	$	0	$	0	$	0	$	0	$	0	$	0
5. SALE OF ASSETS	$	0	$	0	$	0	$	0	$	0	$	0	$	0
6. OTHER (attach list)	$	0	$	0	$	0	$	0	$	0	$	0	$	0

TOTAL RECEIPTS	$	0	$	0	$	0	$	0	$	0	$	0	$	0

DISBURSEMENTS:
7. NET PAYROLL	$	0	$	0	$	0	$	0	$	0	$	0	$	0
8. PAYROLL TAXES PAID	$	0	$	0	$	0	$	0	$	0	$	0	$	0
9. SALES, USE & OTHER TAXES PAID	$	0	$	0	$	0	$	0	$	0	$	0	$	0
10. SECURED/RENTAL/LEASES	$	0	$	0	$	0	$	0	$	0	$	0	$	0
11. UTILITIES & TELEPHONE	$	0	$	0	$	0	$	0	$	0	$	0	$	0
12. INSURANCE	$	0	$	0	$	0	$	0	$	0	$	0	$	0
13. INVENTORY PURCHASES	$	0	$	0	$	0	$	0	$	0	$	0	$	0
14. VEHICLE EXPENSES	$	0	$	0	$	0	$	0	$	0	$	0	$	0
15. TRAVEL & ENTERTAINMENT	$	0	$	0	$	0	$	0	$	0	$	0	$	0
16. REPAIRS, MAINTENANCE & SUPPLIES	$	0	$	0	$	0	$	0	$	0	$	0	$	0
17. ADMINISTRATIVE & SELLING	$	0	$	0	$	0	$	0	$	0	$	0	$	0
18. OTHER (attach list)	$	0	$	0	$	0	$	0	$	0	$	0	$	0

TOTAL DISBURSEMENTS FROM OPERATIONS	$	0	$	0	$	0	$	0	$	0	$	0	$	0

19. PROFESSIONAL FEES	$	0	$	0	$	0	$	0	$	0	$	0	$	0
20. U.S. TRUSTEE FEES	$	0	$	0	$	0	$	0	$	0	$	0	$	0
21. OTHER REORGANIZATION EXPENSES (attach list)	$	0	$	0	$	0	$	0	$	0	$	0	$	0

TOTAL DISBURSEMENTS	$	0	$	0	$	0	$	0	$	0	$	0	$	0

22. NET CASH FLOW	$	0	$	0	$	0	$	0	$	0	$	0	$	0
23. CASH - END OF MONTH (MOR-2)	$	0	$	0	$	0	$	0	$	0	$	0	$	0

MOR-7


CASE NAME:		Dune Energy, Inc., Dune Operating Company, Dune Properties, Inc.
CASE NUMBER:		15-10336, 15-10337, 15-10338


				CASH ACCOUNT RECONCILIATION
				MONTH OF August 2015


BANK NAME		BMO Harris Bank			BMO Harris Bank			BMO Harris Bank		BMO Harris Bank		BMO Harris Bank		BMO Harris Bank			BMO Harris Bank			Petty Cash		BMO Harris Bank			Prosperity Bank		BBVA Compass Bank		BBVA Compass Bank
ACCOUNT NUMBER		#2175			#2456			#2209		#2227		#2217		#2191			#2183			N/A		#2464			#5266		#0599		#9028

*ACCOUNT TYPE*	*OPERATING*			SALE PROCEEDS CASH			CASH CALL		ADE. ASSURANCE		*INSURANCE*		*REVENUE*			PAYABLE - ZBA ACCT			PETTY CASH		CARVE OUT			*REVENUE*		*REVENUE*		*INSURANCE*		*TOTAL*
BANK BALANCE	$	332,382		$	10,500,919		$	—	$	15,000	$	5,420	$	89,117		$	311,846		$	400	$	574,750		$	—	$	—	$	—	$	11,829,834
DEPOSITS IN TRANSIT	$	—		$	—		$	—	$	—	$	—	$	—		$	—		$	—	$	944,496		$	—	$	—	$	—	$	944,496
OUTSTANDING CHECKS	$	—		$	1,215		$	—	$	—	$	989	$	67,800		$	311,008		$	—				$	—	$	—	$	—	$	381,012
ADJUSTED BANK BALANCE	$	332,382		$	10,499,704		$	—	$	15,000	$	4,431	$	21,317		$	838		$	400	$	1,519,246		$	—	$	—	$	—	$	12,393,317
BEGINNING CASH - PER BOOKS	$	3,236,781		$	11,462,933		$	—	$	15,000	$	4,431	$	229,239		$	(1,059,806	)	$	400	$	—		$	—	$	—	$	—	$	13,888,978
RECEIPTS	$	8,163		$	141,623		$	—	$	—	$	—	$	—		$	—		$	—	$	—		$	—	$	—	$	—	$	149,786
TRANSFERS OUT OF ACCOUNT	$	(3,124,584	)	$	(1,155,000	)	$	—	$	—	$	—	$	—		$	—		$	—	$	(1,225,321	)	$	—	$	—	$	—	$	(5,504,905	)
TRANSFERS INTO ACCOUNT	$	216,038		$	50,148		$	—	$	—	$	—	$	71,084		$	2,423,068		$	—	$	2,744,567		$	—	$	—	$	—	$	5,504,905
CHECKS/OTHER DISBURSEMENTS (1)	$	(4,017	)	$	—		$	—	$	—	$	—	$	(279,006	)	$	(1,362,424	)	$	—	$	—		$	—	$	—	$	—	$	(1,645,447	)
ENDING CASH - PER BOOKS	$	332,382		$	10,499,704		$	—	$	15,000	$	4,431	$	21,317		$	838		$	400	$	1,519,246		$	—	$	—	$	—	$	12,393,317

(1)	includes voided checks

MOR-8


CASE NAME:		Dune Energy, Inc., Dune Operating Company, Dune Properties, Inc.
CASE NUMBER:		15-10336, 15-10337, 15-10338

PAYMENTS TO INSIDERS AND PROFESSIONALS

Of the total disbursements shown for the month, list the amount paid to insiders (as defined in Section 101(31)(A)-(F) of the U.S. Bankruptcy Code) and the professionals.

Also, for insiders, identify the type of compensation paid (e.g., salary, commission, bonus, etc.) (Attach additional pages as necessary).


INSIDERS: NAME/COMP TYPE	MONTH March 2015		MONTH April 2015		MONTH May 2015		MONTH June 2015		MONTH July 2015*		MONTH August 2015
1. James A Watt/ Salary, 401k, vacation		48,583		48,583		48,583		48,583		71,369		0
2. Frank T. Smith/ Salary, 401k & vacation		29,062		29,062		29,062		29,062		47,753		0
3. Hal L. Bettis/ Salary, 401k & vacation		29,062		29,062		29,062		29,062		34,467		0
4. Richard H. Mourglia/ Salary, 401k & vacation		25,617		25,617		25,617		25,617		30,939		0
5.
6.

TOTAL INSIDERS (MOR-1)		132,323		132,323		132,323		132,323		184,528		0


PROFESSIONALS	MONTH March 2015		MONTH April 2015		MONTH May 2015		MONTH June 2015		MONTH July 2015		MONTH August 2015
1. Holland and Knight		20,000		0		0		0		0		64,203
2. Mayer Brown, LLP		135,574		0		249,090		81,644		92,247		304,699
3. FTI Consulting		0		159,480		0		47,217		116,488		170,649
4. CTMI, LLC		0		12,500		0		0		12,500		0
5. Donald Martin		0		55,234		0		137,994		118,449		67,250
6. Deloitte CRG		0		129,074		0		250,813		232,544		84,686
7. Haynes and Boone		0		226,439		0		606,308		486,022		276,338
8. Prime Clerk		0		65,212		4,312		59,549		31,319		40,437
9. Parkman Whaling		0		0		0		40,000		50,000		40,000
10. McKool Smith		0		0		0		80,264		134,250		62,874
11. Conway Mackenzie		0		0		0		24,892		24,951		4,880

TOTAL PROFESSIONALS (MOR-1)		155,574		647,939		253,402		1,328,680		1,298,770		1,116,015

*	compensation includes payment of accrued but not used Paid Time Off

MOR-9

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