Dome Energy presents Q1 report 2015

FIRST QUARTER 2015

  • Total revenues of $4,098’ (620’)
  • EBITDA of $2,126’ (-343’)
  • Net result of $489’ (-576’)
  • Earnings per share $0.01 (-0.03)

SIGNIFICANT EVENTS DURING THE QUARTER

  • Divested non-core assets Gernt.
  • Successful drilling of GLHF #37 with an initial daily production of 240 boe.
  • Signed a Heads of Agreement with US-listed Pedevco for the sale of the US Operations.
  • Average daily gross production of 1,271 barrels of oil equivalent (121).
  • OPEX (excl. production taxes and workovers) per barrel of oil equivalent amounted to $12.97 ($30.00).

 

SUBSEQUENT EVENTS

  • Dome Energy Inc entered into a final Agreement and Plan of Reorganization with Pedevco.
  • Started the second stage of the Orange drilling program.

 

FINANCIAL KEY RATIOS

US$ Thousand Q1 Q1 FY
2015 2014 2013
Total revenues 4,098 620 16,200
Revenues from oil and gas sales 2,509 620 7,790
Gross profit 2,224 316 3,180
Gross margin, % 61% 46% 53%
EBITDA 2,126 -343 10,054
EBT 489 -576 4,476
Net result 489 -576 4,476
EPS (in US$) 0.01 -0.03 0.19
Production (boepd) 1,271 121 632