Dome Energy presents Q2-report

SECOND QUARTER 2015

  • Revenue from oil & gas production incl. realized derivatives of $5,033’ (920’).
  • Effect from unrealized derivatives of -$3,059’ (-)
  • Gross result from production of $4,128’ (607’) with a margin of 82% (66%)
  • EBITDA of -$2,144’ (-500’)
  • EBITDA for US operations adj. for unrealized derivatives amounted to $1,911’ (169′).
  • Net result of -$3,614’ (-269’)
  • Earnings per share -$0.11 (-0.01)

 

SIGNIFICANT EVENTS DURING THE QUARTER

  • Dome Energy Inc entered into a final Agreement and Plan of Reorganization with Pedevco.
  • Started the second stage of the Orange drilling program.
  • OPEX (excl. production taxes and workovers) per barrel of oil equivalent amounted to $9.54 ($11.4).

 

SUBSEQUENT EVENTS

  • Participate in a 7 well drilling program in the DJ Basin through the expected merger with Pedevco.

 

FINANCIAL KEY RATIOS

US$ Thousand Q2 Q2 Q1-Q2 Q1-Q2 FY
2015 2014 2015 2014 2014
Revenues from oil and gas sales incl realized derivatives 5,033 920 8,800 1,529 8,120
Value change in unrealized derivatives -3,059 -1,114 6,744
Gross profit from oil & gas operations incl. realized derivatives 4,128 607 6,465 866 4,336
Gross margin, % 82% 66% 73% 57% 53%
EBITDA -2,144 -500 -500 -837 10,054
EBITDA for the US oil operation (adj. for unrealized value change of derivatives) 1,911 169 3,710 249 2,030
EBIT -5,383 -788 -788 -1,315 3,865
EBT -3,614 -269 -2,882 -835 4,476
Net result -3,614 -269 -2,882 -173 4,476
EPS (in US$) -0.11 -0.01 -0.1 -0.04 0.19
Production (boepd) 1,250 214 1,244* 155 633