Dome Energy gives production update May 5th, 2020

Dome Energy AB (https://www.domeenergy.com) (publ) (herein after “Dome” and/or “the Company”) provides production update for January through March 2020. Production results were 555, 583, and 437 BOEPD respectively.

Paul Morch, CEO: “We are happy to show that we have kept a substantial part of our production, after the sale of our Illionis Basin assets and becoming debt free. Production is slightly lower at the start of the year due to operating challenges in the winter months resulting in a delay mobilizing service rigs to repair the necessary wells. As prices recover, Dome Energy will focus on returning its asset base to production and begin workovers in Texas to bring back on core operated production. Production for March is calculated net of our divestiture of the Illinois Basin asset.”
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]
 
The information was publicized, by the above contact person May 5, 2020, 14:00 CEST
 
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.