Dome Energy gives production update for July 2018 and commences third round of drilling in the Illinois Basin

Dome Energy AB (https://www.domeenergy.com) (publ) (herein after “Dome” and/or “the Company”) provides production update for July 2018, showing a daily production to 940 BOEPD before royalties. 

Paul Morch, CEO: “We are proud to announce our production numbers for the month of July of 940 BOEPD. Production declined due to downtime associated with artificial lift conversions and routine workovers in the Illinois Basin. We are very pleased with the performance of the wells to date, we expect the wells to perform similarly to our type curve.

We are also happy to announce that work has commenced on the first location for our fall drilling program and we expect to commence drilling by the end of September 2018. We will present the program and our targets before we start drilling.”

+————+—-+—-+—+—+—+—-+——+——+——+——+——+——+
| |8-17|9-17| 10| 11| 12|1-18| 2-18 | 3-18| 4-18| 5-18| 6-18| 7-18|
| | | |-17|-17|-17|  | | | | | | |
+————+—-+—-+—+—+—+—-+——+——+——+——+——+——+
|Monthly Oil |7 13|8 76| 10| 14| 16| 12|12 356|15 969|17 215|22 542|19 105|15 036|
|Production | 1| 5|363|157|649| 071| | | | | | |
+————+—-+—-+—+—+—+—-+——+——+——+——+——+——+
|Monthly BOE,| 14| 13| 15| 13| 14| 13|13 227|13 969|12 857|14 279|12 926|14 099|
|Gas/NGL | 063| 134|127|886|174| 657| | | | | | |
+————+—-+—-+—+—+—+—-+——+——+——+——+——+——+
|Monthly | 21| 21| 25| 28| 30| 25|25 583|29 937|30 072|36 821|32 031|29 135|
|Total | 194| 899|490|043|823| 738| | | | | | |
|Production | | | | | | | | | | | | |
+————+—-+—-+—+—+—+—-+——+——+——+——+——+——+
|Oil % | 34%| 40%|41%|50%|54%| 47%| 48%| 53%| 57%| 61%| 60%| 52%|
+————+—-+—-+—+—+—+—-+——+——+——+——+——+——+
|Gas % | 66%| 60%|59%|50%|46%| 53%| 52%| 47%| 43%| 39%| 40%| 48%|
+————+—-+—-+—+—+—+—-+——+——+——+——+——+——+

*Units are in BOE
*Excludes assets that where divested
*Certain accruals have been made based on delayed revenue from non-operated assets

For further information, please contact:
Paul Morch, CEO
Phone: +1 713 385 4104
E-mail: [email protected]
 
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