Dome Energy gives production update for June 2018 showing a of daily production to 1,075 BOEPD

Dome Energy AB (https://www.domeenergy.com) (publ) (herein after “Dome” and/or “the Company”) provides production update for June 2018, showing a daily production to 1,075 BOEPD before royalties.

Paul Morch, CEO: “We are happy to announce our production numbers for the month of June, which showed a daily production average of 1,075 BOEPD. As mentioned in the previous production press release, peak production in the Illinois Basin was 600 BOPD. Production has started to decline slightly from the new wells and we expect a drop in the production in July as we convert some of our submersible pumped wells to rod pumps. We anticipate production to stabilize in early August when these workovers are completed. We expect to start the next drilling program during the fall.”

Month-Year 8-17 9-17 10-17 11-17 12-17 1-18 2-18 3-18 4-18 5-18 6-18
Monthly Oil Production 7 131 8 765  10 363  14 157  16 242  12 002  12 617  17 098  17 256  22 785 19 343
Monthly BOE, Gas/NGL 14 063 13 134 15 127 13 886 13 898 13 099 13 205 13 932  14 229 13 494 11 943
Monthly total production 21 194 21 899 25 490 28 043 30 139 25 101 25 821 31 031 31 484 37 219 32 264
Oil % 34% 40% 41% 50% 54% 48% 49% 55% 55% 63% 62%
Gas % 66% 60% 59% 50% 46% 52% 51% 45%  45% 37% 38%

*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.