Dune Energy, Inc. (AMEX: DNE) said the company’s stockholders have approved a 1-for-5 reverse stock split. The reverse split was previously disclosed in proxy materials distributed to the company’s stockholders in connection with a special stockholders’ meeting held on November 30.

The meeting was held to authorize, among other things, amending the company’s certificate of incorporation to effect the reverse split. The reverse split will be effective at the opening of trading on December 2, 2009.

On that date, the company’s shares of common stock shall trade on a split-adjusted basis under the new CUSIP number of 265338 50 9.

As a result of the reverse split, every five shares of the company that a stockholder owned were converted into one share of the company, thus reducing the number of outstanding shares of common stock from approximately 185.5 million to 37.1 million as of the close of business on December 1, 2009, the effective date of the reverse split.

Following the reverse split, the company will continue to have 300 million authorized shares of common stock.

Houston-based Dune Energy is an independent exploration and development company with operations focused along the Louisiana and Texas Gulf Coasts.

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