Dome Energy AB gives drilling update; encouraging results from second Illinois Basin drilling
Dome Energy AB. (herein after “Dome” and/or “the Company”) is pleased to announce drilling results of its second well, Glaze 11-12 in the Illinois Basin program. The well was drilled to target depth of 4,100 ft this week, and logging shows encouraging results. A total of 170 ft of net pay zone is estimated, and Dome decided to complete and case the well. Operations will later this week move to the third well, Glaze 11-13, and we also expect to start fracture stimulation on the first wells within short.
Paul Mørch, CEO: “The results are still encouraging, as we expected. We will now move to quickly get the first two wells on production, with a much larger stimulation design than used on the previous wells, which we have drilled in the basin. We are also looking to use submersible pumps to increase our initial production rates. We will not update on the continued drilling in the basin, but we will release production rates once they are established.”
For further information, please contact:
Phone: +1 713 385 4104
This information is the kind of information that Dome Energy AB (publ) is obliged to publicize according to EU Market Abuse Regulations (MAR). The information was publicized, by the above contact person February 9, 2018, 08:30 CET.
About Dome Energy
Dome Energy AB. is an independent Oil & Gas Company publicly traded on the Nasdaq First North exchange in Sweden (Ticker: 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.