SECOND QUARTER AND HALF YEAR REPORT 2014

SECOND QUARTER

  •        Net sales of $920’ (703)
  •        EBITDA of $-500’ (147’)
  •        Net result of $-269’ (-286’)
  •        Earnings per share $-0,01 (-0,03)

FIRST HALF YEAR

  •        Net sales of $1,529’ (1,193’)
  •        EBITDA of $-837’ (-22)
  •        Net result of $-835’ (-709)
  •       Earnings per share $-0,04 (-0,06)

SIGNIFICANT EVENTS DURING THE QUARTER

  •        Reported reserves of 1.2 million barrels of oil valued at $122.2 million.
  •        Changed company name to Dome Energy AB.
  •        Listed on NASDAQ OMX First North.
  •        Signed a purchase agreement to acquire VistaTex Energy LLC.
  •        Signed a binding letter of intent to acquire properties from Range Ventures LLC.
  •        Raised $7.7 million in a new issue of 4.3 million shares.

SUBSEQUENT EVENTS

  •        Finalized acquisition of VistaTex Energy LLC effective as of 1 July 2014.
  •        New senior reserve based bank facility with Societe Generale.
  •        1,250 barrels of oil equivalents (boepd) production in July and to reach 2,000 boepd within a year.

FINANCIAL KEY RATIOS

US$ Thousand Q2 Q2 Q1-Q2 Q1-Q2 FY
2014 2013 2014 2013 2013
Revenue 920 703 1,529 1,193 2,167
Gross profit 607 433 866 665 1,270
Gross margin, % 66% 62% 57% 56% 59%
EBITDA -500 147 -837 -22 -682
EBT -269 -286 -835 -709 -3,814
Net result -269 -286 -835 -709 -3,830
EPS (in US$) -0.01 -0.03 -0.04 -0.06 -0.30
Production (boepd) 214 52 155 54 69