Dome Energy resumes drilling program in Orangefield, Texas
Dome Energy AB. (herein after “Dome” and/or “the Company”) today announces that they resumes the drilling program in Orangefield, Texas.
- Program in Orangefield with a planned drilling start in March for the two first wells
- Hager # 39 and # 40 are planned to be drilled to a depth of 5,000 ft
- Estimated investment $550,000 per well
- The first two of more than 20 possible wells to be drilled in Orangefield
Paul Morch, CEO: “It is with the great pleasure to announce that we are resuming our drilling program in Orange Field, which initially started in the end of 2014. We succeeded then with the first well, Hager #37, which has proven to be very favorable from a financial point of view. We are now continuing on the southern point of the lease, to see if we can repeat the success on this, for us so fortunate, land. We have started to plan the drilling localization, and estimate to start drilling within a few weeks. We will return with more information on the start of the drilling and thereafter with regular progress reports.”
For further information please contact:
Paul Morch
Phone: +1 713 385 4104
E-mail: pm@domeenergy.com
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 17, 2017 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.
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