Dome Energy gives drilling update on promising results at Orange field Hager #39
Dome Energy AB. (herein after “Dome” and/or “the Company”) informs that the Company reached its target depth of 4,600 feet during the last weekend and followed it up with logging for oil bearing sands on Monday evening. Results show a total of four independent potential productive zones, with more than 40 feet of possible oil columns.
Paul Morch, CEO: “We are happy to announce the promising analysis from the Hager #39 logs. The logs show clear indications that we should get an oil well out of our efforts, and the targets were achieved. A total of more than 40 feet oil columns is more than expected. We have decided to complete the well with casing and move on to drilling the next well. We will also evaluate the performance of our vendors and decide if we want to move on with the current setup. The next well, Hager #40, is scheduled to be drilled during April.
We will also release snapshots of the logging results of Hager #39 on our website and on Facebook.”
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 April 4, 2017, 15.00 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.