Dome Energy gives production update for August 2018 and a drilling update
Dome Energy AB (publ) (herein after “Dome” and/or “the Company”) provides production update for August 2018, showing a daily production of 911 BOEPD before royalties.
Paul Morch, CEO: “We are proud to announce our production numbers for the month of August of 911 BOEPD. Production has declined slightly in our non-operated assets and as such have adjusted the accruals downwards. We have commenced a workover program on our operated assets in Texas and in the Illinois Basin, which resulted in 50 BOPD improvement in production at the end of September. We have also completed a fracture stimulation of the Aux Vases formation on our Matz lease and early results look promising. Dome will provide guidance in the next monthly production press release.
Dome’s first well in the third program has been drilled and completed with the second well being spudded at the time of this press release. The first two wells are expected to be fracture stimulated and on production by the end of October.”
| 9-17 | 10-17 | 11-17 | 12-17 | 1-18 | 2-18 | 3-18 | 4-18 | 5-18 | 6-18 | 7-18 | 8-18 | |
| Monthly Oil Production | 8 765 | 10 363 | 14 157 | 16 649 | 12 071 | 12 356 | 15 969 | 17 215 | 22 542 | 19 105 | 15 036 | 14 764 |
| Monthly BOE, Gas/NGL | 13 134 | 15 127 | 13 886 | 14 174 | 13 657 | 13 227 | 13 969 | 12 857 | 14 279 | 12 926 | 14 099 | 13 492 |
| Monthly Total Production | 21 899 | 25 490 | 28 043 | 30 823 | 25 738 | 25 583 | 29 937 | 30 072 | 36 821 | 32 031 | 29 135 | 28 255 |
| Oil % | 40% | 41% | 50% | 54% | 47% | 48% | 53% | 57% | 61% | 60% | 52% | 52% |
| Gas % | 60% | 59% | 50% | 46% | 53% | 52% | 47% | 43% | 39% | 40% | 48% | 48% |
Units are in BOE
Excludes assets that where divested
Certain accruals have been made based on delayed revenue from non-operated assets
For further information, please contact:
Paul Morch, CEO
Phone: +1 713 385 4104
E-mail: pm@domeenergy.com
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, 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.
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