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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