Dome Energy divest non-core assets and initiate cost cutting programs throughout organization
Dome Energy AB (publ) (herein after “Dome” and/or “the Company”) has recently entered into sale agreements totaling $400,000, and have received offers for more than $4mm for non-operated oil and gas assets The company will spend the next few weeks negotiating, evaluating and closing these offers. Dome will deploy about half of sales proceeds into development in the Illinois Basin and the other half will be spent on amortizations. Dome has also decided to initiate cost cutting programs in all parts of the organization. The office in Stockholm, Sweden, will