Dome Energy AB gives drilling update; Glaze 11-11 is successful
Dome Energy AB. (herein after “Dome” and/or “the Company”) announces that the drilling of the first well in Indiana this winter is expected to be successful. The Glaze 11-11 is drilled to its target depth of 4,100 ft., and logging indicates net pay zone of more than 130 ft. The well will be cased over the next few days and completed and put on production during February. The rig will now move on to our second well of the program, Glaze 11-12. Estimated drill start is next week.
Paul Mørch, CEO: “We are very satisfied with the indications we see in the logging of this well. Both total pay and porosity indicates a good well. There are parts of the reservoir, which are thicker than usual and should be receivable to a larger frack program. We plan to start completion and fracking after the second well is drilled and put on production thereafter.”
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 January 26, 2018, 16:30 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.