Dome Energy gives production update for September 2018
Dome Energy AB (publ) (herein after “Dome” and/or “the Company”) provides production update for September 2018, showing a daily production of 906 BOEPD before royalties.
Paul Morch, CEO: “Our production numbers for the month of September came in at 906 BOEPD We have slightly adjusted the non-operated accruals to reflect recent production history. Production in the Illinois Basin is declining as expected in accordance with our type curves. Several wells have been periodically shut in due to work over and recompletions.
We have completed our first well in our drilling program and is currently pumping back the water used in the fracture stimulation. Peak production is expected at 60 to 100 BOPD and occur within 30 days. We expect to complete the second well of our program mid-November and will commence drilling the third well around the same time. The Matz 11-1 fracture stimulation has been delayed due to rig availability and will be reported on next month.”
| 10/17 | 11/17 | 12/17 | 1/18 | 2/18 | 3/18 | 4/18 | 5/18 | 6/18 | 7/18 | 8/18 | 9/18 | |
| Monthly Oil Production | 10 363 | 14 157 | 16 649 | 12 071 | 12 356 | 15 969 | 17 215 | 22 542 | 19 105 | 15 036 | 14 764 | 13 962 |
| Monthly Gas/NGL | 15 127 | 13 886 | 14 174 | 13 657 | 13 227 | 13 969 | 12 857 | 14 279 | 12 926 | 14 099 | 13 492 | 13 231 |
| Monthly Total production | 25 490 | 28 043 | 30 823 | 25 738 | 25 583 | 29 937 | 30 072 | 36 821 | 32 031 | 29 135 | 28 255 | 27 193 |
| Oil % | 41% | 50% | 54% | 47% | 48% | 53% | 57% | 61% | 60% | 52% | 52% | 51% |
| Gas % | 59% | 50% | 46% | 53% | 52% | 47% | 43% | 39% | 40% | 48% | 48% | 49% |
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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