SECOND QUARTER AND HALF YEAR REPORT 2014

SECOND QUARTER

  •  Net sales of $920’ (703)
  •  EBITDA of $-500’ (147’)
  •  Net result of $-269’ (-286’)
  •  Earnings per share $-0,01 (-0,03)

FIRST HALF YEAR

  •  Net sales of $1,529’ (1,193’)
  •  EBITDA of $-837’ (-22)
  •  Net result of $-835’ (-709)
  •  Earnings per share $-0,04 (-0,06)

SIGNIFICANT EVENTS DURING THE QUARTER

  • Reported reserves of 1.2 million barrels of oil valued at $122.2 million.
  • Changed company name to Dome Energy AB.
  • Listed on NASDAQ OMX First North.
  • Signed a purchase agreement to acquire VistaTex Energy LLC.
  • Signed a binding letter of intent to acquire properties from Range Ventures LLC.
  • Raised $7.7 million in a new issue of 4.3 million shares.

SUBSEQUENT EVENTS

  •  Finalized acquisition of VistaTex Energy LLC effective as of 1 July 2014.
  •  New senior reserve based bank facility with Societe Generale.
  •  1,250 barrels of oil equivalents (boepd) production in July and to reach 2,000 boepd within a year.

FINANCIAL KEY RATIOS

US$ Thousand Q2 Q2 Q1-Q2 Q1-Q2 FY
2014 2013 2014 2013 2013
Revenue 920 703 1,529 1,193 2,167
Gross profit 607 433 866 665 1,270
Gross margin, % 66% 62% 57% 56% 59%
EBITDA -500 147 -837 -22 -682
EBT -269 -286 -835 -709 -3,814
Net result -269 -286 -835 -709 -3,830
EPS (in US$) -0.01 -0.03 -0.04 -0.06 -0.30
Production (boepd) 214 52 155 54 69

For further information please contact:
Susanna Helgesen, CFO
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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