Dome Energy gives drilling update from the Illinois Basin
Dome Energy AB. (herein after “Dome” and/or “the Company”) announces the completion of the Matz Farms 11-2, the fourth well in Dome’s four well Mississippi Lime program. Net pay development exceeds that of Dome’s previously drilled wells and it is expected to exceed the type curve of 60,000 barrels of recoverable oil. The company expects to put the last two wells on production within two weeks.
Dome is also pleased to announce that the Walgrove 1-4, the second well drilled, is now on production. The entire project was done on budget and the Company expects, with further optimization, to reduce the future drilling and completion costs by an additional 5 to 10%.
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 October 13, 2017, 14.30 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.