Dome Energy Provides an Operational Update on Orange field
Dome is in the second stage of the Orange drilling program focusing on the South West section of the field. The initial well “F.T. Peveto A #6”, reached its target depth with encouraging logging results showing clear indications of hydrocarbons in multiple zones at different depth intervals.
The Company is pleased to report that following the successful perforation of the primary Miocene formation, the well had an initial free flow of 7.5 barrels of oil per hour containing zero water or gas cut. After choking the well back, to preserve production productivity, the well is currently flowing at ~80 barrels per day.
Chief Executive Officer, Paul Morch, stated: “We are very pleased with the result from F.T. Peveto A#6. It has been over 20 years since the last well in the Miocene was completed in the Orange field and we believe that the Miocene has great potential for Orange. We expects the well to have in excess of the originally estimated 80,000 barrels recoverable reserves with further potential sands and formations available to exploit.”
For further information please contact:
Susanna Helgesen, CFO
Phone: +46 708 27 86 36
US phone: +1 281 558 8585
About Dome Energy
Dome Energy AB. is an independent Oil & Gas Company publicly traded on the Nasdaq OMX First North exchange in Sweden (Ticker: DOME). Mangold Fondkommission AB 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.