Paul Morch, CEO: “Our January production came in at ~813 BOEPD, which is a bit lower than our expectations, due to poor weather conditions. Completions on our newly drilled wells have been delayed until late February and early March. Dome will realize costs savings by waiting for better conditions. This same weather delay has impacted production as well and expect to have some impact through mid to late February until conditions improve.
We expect to announce completion of the first well partnered with our local operator in the March update and initial production in our April update. Due to success with our partnership and industry success in this new area, Dome is making preparations start to develop 15 100% owned locations.”
During January the production of oil was 12,812 BOE a decrease of 13% compared to December. The production of Gas/NGL was 12,391 BOE a decrease of 6%. The total production during January was 25,203 BOE, a decrease in total of 10% compared to December. During January 51% of the total production was oil.
The production numbers are presented in WI “Working Interest” calculated production, before taxes and royalties. Divested assets are excluded. Certain accruals have been made based on delayed revenue from non-operated assets.
Numbers are unaudited and not consolidated with Dome Energy AB.
For further information, please contact:
Paul Morch, CEO
Phone: +1 713 385 4104
E-mail: [email protected]
The information was publicized, by the above contact person February 17th, 2019, 10:00 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, [email protected] 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.