Dome Energy gives production update for April 2019
Dome Energy AB (publ) (herein after “Dome” and/or “the Company”) provides production update for April 2019 showing an increase from previous months. Daily gross production for the month of April was 830 BOEPD.
Paul Morch, CEO: We are proud to announce our production numbers for the month of April 2019 of 830 BOEPD. The flood season has been hard on the Illinois Basin, but we are finally seeing land drying up, so we can uphold normal production.
Production has increased 104 BOEPD which represents an increase of 14% from the previous month. The production increase can be attributed to bring wells online in Texas and the Illinois Basin. Dome expects to continue this work through June and July.
We are pleased with the performance of our first non-operated well in the Illinois Basin. Production has averaged 50 BOEPD for the first 45 days and are continuing to pump back the water from the fracture stimulation treatment. Dome expects completion of one more Illinois Basin well by the end of the summer.
Units are in BOE
Excludes assets that where divested
Certain accruals have been made based on delayed revenue from non-operated assets
Numbers are unaudited and not consolidated with Dome Energy AB
For further information, please contact:
Paul Morch, CEO
Phone: +1 713 385 4104
The information was publicized, by the above contact person June 5th, 2019, 10:00 CEST
About Dome Energy
Dome Energy AB. is an independent Oil & Gas Company publicly traded on the Nasdaq First North exchange in Sweden (Ticker: DOME). Mangold Fondkommission AB, phone: +46 8 503 01 550, CA@mangold.se is the Company’s Certified Adviser. Headquartered in Houston, Texas, the Company’s focus is on the development and production of existing onshore Oil & Gas reserves in the United States. For more information visit www.domeenergy.com.