Paul Morch, CEO: “Our drilling operations has commenced, with target of drilling four wells over the next couple of months. Current depth for the Glaze 11-10 is 2,900ft, with a target depth at 4,200ft. Once we have reached our target, we will log the well and start the second immediately thereafter. By the end of September, we should have the first two wells drilled and completed with fracture stimulation. Flow-back is expected to take up to 30 days before we reach peak production for each well. Once we start flowing the wells, we will move over to the next two wells. We will continue to update the market with our development.
Texas was hit by one of the worst hurricanes in US history late August, the Hurricane Harvey. Dome personnel was prepared for the worst and managed to shut in our fields without seeing any damage. We expect limited economic consequences from this catastrophe, and we hope to be 100% back on production later this week.”
For further information, please contact:
Phone: +1 713 385 4104
E-mail: [email protected]ergy.com
This information is the kind of information that Dome Energy AB (publ) is obliged to publicize according to EU Market Abuse Regulations (MAR). The information was publicized, by the above contact person September 5, 2017, 08.45 CET.
About Dome Energy
Dome Energy AB. is an independent Oil & Gas Company publicly traded on the Nasdaq First North exchange in Sweden (Ticker: DOME (http://www.nasdaq.com/symbol/els/dome)). Mangold Fondkommission AB, phone: +46 8 503 01 550, is the Company’s Certified Adviser. Headquartered in Houston, Texas, the Company’s focus is on the development and production of existing onshore Oil & Gas reserves in the United States. For more information visit www.domeenergy.com.