DOME ENERGY PRESENTS INTERIM REPORT FOR JANUARY-JUNE 2019
FIRST HALF-YEAR
- Revenue from oil & gas production incl. realized derivatives of $3,659’ (4,615’).
- Effect from unrealized derivatives ‐$670’ (‐$1,115’).
- Gross result from production incl. realized hedges $1,953’ (2,030’) with a margin of 53% (44%).
- EBITDA $1,285’ (‐$3,158’).
- EBITDA for US operations adjusted for unrealized derivatives amounted to $2 405’ (‐$1 494’).
- Net result of ‐$1 072’ (‐$6,182’).
- Earnings per share ‐$0.15 (‐0.84).
SIGNIFICANT EVENTS DURING THE HALF-YEAR
- Mats Gabrielsson resigned from the Board of Directors on 27 March 2019.
- The Annual Shareholders meeting was held on June 19, 2019.
- Dome Energy received a debt forgiveness of $827’.
SUBSEQUENT EVENTS AFTER CLOSING OF THE PERIOD
- No subsequent events after closing of the period.
FINANCIAL KEY RATIOS
| USD Thousand | 1st half | 1st half | FY |
| 2019 | 2018 | 2018 | |
| Revenues from oil and gas sales incl. realized derivatives | 3 659 | 4 615 | 9 639 |
| Value change in unrealized derivatives | ‐670 | -1 115 | 940 |
| Gross profit from oil & gas operations incl. realized derivatives | 1 953 | 2 030 | 4 761 |
| Gross margin, % | 53% | 44% | 49% |
| EBITDA | 1 285 | -3 158 | ‐1 591 |
| EBITDA for the US oil operation (adjusted for unrealized derivatives) | 2 405 | -1 494 | ‐1 446 |
| EBIT | 139 | -5 346 | ‐16 860 |
| EBT | ‐877 | -6 180 | ‐17 887 |
| Net result | ‐1 072 | -6 182 | ‐18 211 |
| EPS (in US$) | ‐0.15 | -0.84 | ‐2,57 |
| Production (net boepd) | 555 | 755 | 700 |
For further information, please contact:
Pål Mørch, CEO
Phone: +1 713 385 4104
E-mail: pm@domeenergy.com
This information is the kind of information that Dome Energy AB (publ) is obliged to publicize according to EU Market Abuse Regulations (MAR). The information was publicized, by the above contact person August 31, 2019 08.30 CET.
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 and gas reserves in the United States. For more information visit www.domeenergy.com.
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