Paul Morch, CEO: “We are excited to commence our drilling program. This is the first hydro fracturing program we will enter, and the results of these wells can prove up to 27 continuous drilling locations on our acreage. The well economics is expected to be similar to our Orange wells, with each well producing more than 50,000 barrels in its lifetime, and drilling costs at around $500,000 per well. We are reviewing acquisition of additional acreage in the area, but want to see the drilling results before making any decisions. We will continuously update the market with info throughout the drilling program.”
For further information, please contact:
Phone: +1 713 385 4104
E-mail: [email protected]
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 August 14, 2017, 09.45 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.