Dome Energy announces that it has realized hedge profits of ~$1mm in November 2018
Dome Energy AB (publ) (herein after “Dome” and/or “the Company”) announces that it has realized hedge profits of ~$1mm in November 2018. Paul Morch, CEO: “During the month of October we sold contracts for 76,000 barrels of oil at ~$71 per barrel, with delivery through 2019. The recent unforeseen drop in oil prices have given us an opportunity for short term profits, and we decided to sell these hedges now. The profit will affect our fourth quarter numbers. Gas prices have increased almost 50% recently to levels not seen in a long time. We have added hedges