FOURTH QUARTER AND YEAR END REPORT 2014

FOURTH QUARTER

  • Total revenues of $9,025’ (545’)
  • EBITDA of $7,356’ (-399’)
  • Net result of $2,120’ (-3,643’)
  • Earnings per share $0.07 (-0.25)

TWELVE MONTHS

  • Total revenues of $16,200’ (2,315’)
  • EBITDA of $10,054’ (-681’)
  • Net result of $4,476’ (-3,828’)
  • Earnings per share $0.19 (-0.30)

SIGNIFICANT EVENTS DURING THE QUARTER

  • Finalized and integrated the acquisition of Gas Ventures LLC.
  • Development program for KYTX and acquisition of neighbouring field.
  • Divestment of non core asset Delano.
  • Drilled and polymer treated Zimmerman Butte, Wyoming.
  • Fracking of Pieda Negra.
  • Drilling program commenced at Orange with GLHF #37 as the first well.
  • Average daily gross production of 1,204 barrels of oil equivalent (81).
  • OPEX (excl. production taxes and workovers) per barrel of oil equivalent amounted to $18.2.
  • Hedge portfolio valued to $5,659’ as per 31 December, 2014.

SUBSEQUENT EVENTS

  • Divested non core assets Gernt.
  • Successful drilling of GLHF #37 with an initial daily production of 240 boe.
  • Successful drilling GLHF #38 and with an initial daily production of 300 boe.
  • Re-fracked Pieda Negra with unsuccessful result.   
  • Signed a Heads of Agreement with US-listed Pedevco for the sale of the US Operations.
US$ Thousand Q4 Q4 FY FY
  2014 2013 2014 2013
Total revenues 9,025 545 16,200 2,315
Revenues from oil and gas sales 2,597 395 6,964 2,166
Gross profit 743 87 3,180 1,120
Gross margin, % 29% 22% 46% 52%
EBITDA 7,356 -399 10,054 -681
EBT 2,120 -3,642 4,476 -3,811
Net result 2,120 -3,643 4,476 -3,828
EPS (in US$) 0.07 -0.25 0.19 -0.30
Production (boepd) 1,204 81 632 69

For further information please contact:

Susanna Helgesen, CFO
Phone: +46 708 27 86 36
US phone: +1 281 558 8585
E-mail: sh@domeenergy.com

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). Remium Nordic 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.

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