Dome Energy AB., is an independent Oil & Gas Company publicly traded on the Nasdaq First North exchange in Sweden (Ticker: DOME). The Company’s strategy is to explore existing producing US onshore oil and gas fields to identify unexploited well locations.
With our operational headquarters in Houston, Texas and our compliance office in Stockholm, Sweden. Dome is able to able to oversee and effectively managed it’s rapidly growing portfolio of producing assets. With Dome’s substantial free cashflow the Company is continuing its aggressive growth strategy through both organic growth and targeted/strategic acquisitions.
The Company has grown production to 1,250 barrels boepd from a balanced and diversified portfolio of oil, gas and condensate produced in Arkansas, Kentucky, Louisiana, Michigan, Mississippi, Oklahoma, Texas and Wyoming.
COMPANY OVERVIEW
HISTORY
- Established in 1970s
- Production of oil in mature oil fields
- Low cost production
- Conventional methods
NEW MANAGEMENT – 2012
- Company restructuring
- Financial restructuring
- Aggressive cost cutting
- Turned profitable Q3-2012
STRATEGY GOING FORWARD
- Consolidate assets
- Optimize wells and fields
- Keep low cost operations
- Focus on cash flow and dividends
- Drilling programs on all fields
- Further acquisitions
