Dome Energy announces a drilling program and a financing update
Dome Energy AB. (herein after “Dome” and/or “the Company”) announces its plan to start a six well drilling program in the Illinois Basin. The drill start is expected within 30 days, and wells will be drilled back to back. Drilling cost is scheduled to be approximately TUSD 575 per well, which is 10% higher than for the four wells recently drilled. This is mostly due to higher frac volumes and expenses related to colder weather. The Company also expect these wells to have similar economical result as the previously drilled ones, with a total recoverable oil of 60,