Dome Energy gives production update for July and August 2019
Dome Energy AB (publ) (herein after “Dome” and/or “the Company”) provides production update for July 2019 showing a daily production of 683 BOEPD and August 2019 showing a daily production of 684 BOEPD.
Paul Morch, CEO: The unexpected decline from May and June was primarily due to operational activities that took place during the month of July and ongoing non-operated workovers ongoing that were finalized during the month of August. A new compressor was installed on our Kentucky gas asset resulted in a 10% improvement in production. A new injection pump was installed for the Illinois Basin asset resulting in reduced production for a period of 2 weeks in both assets. Workovers planned for October or November will return production to previous levels of seen earlier in the year.
Wells in the Illinois Basin continue to meet our type curve expectations. Dome expects to complete its drilled uncompleted well, located in the Illinois Basin, in October or November pending availability of services and commodity prices.
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
E-mail: pm@domeenergy.com
The information was publicized, by the above contact person October 2, 2019, 13:00 CEST
About Dome Energy
Dome Energy AB. is an independent Oil & Gas Company publicly traded on Nasdaq First North Growth Market 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.
Tags: