Dome Energy acquires oil field in Wyoming
Dome Energy AB. (herein after “Dome” and/or “the Company”) today announces that the Company acquires oil field in Wyoming. Internal calculations estimates; · Total reserves of 1.4mm barrels, whereof 450,000 barrels are proven · Future discounted cash flow of $ 17mm at current oil price · Potential daily field production of more than 600 BOPD · Potential wells to re-enter for immediate production start Acquisition cost less than $50,000 Paul Morch, CEO: “We are happy to announce this small acquisition with big economic potential that we