Dome Energy AB gives reserve update; Proven reserves value up 130%
Dome Energy AB. (herein after “Dome” and/or “the Company”) announces a large increase in its Oil and Gas reserves. A third-party engineering company has in a report valued Domes proven reserves at $124mm, which is up from $53mm at the end of 2016, with an addition of high quality probable reserves valued at $16mm. The reserve volumes have increased with 70% during the same period, from 4.5 MBOE to 7.6 MBOE. Paul Mørch, CEO: “We are pleased to see that we have been able to achieve this large increase in reserves and value. A large portion of this value is