Dome Energy receives a settlement of MUSD 1.5

Dome Energy AB. (herein after “Dome” and/or “the Company”) today announces that they have finally reached a settlement regarding a previously announced incident of a blowout  during the recompletion program in 2014 (press release October 21, 2014) and will receive MUSD 1.5. Dome management has through investigation been comfortable with an expected outcome in recovering the operational costs related to the incident. Dome’s lawyers finally reached a settlement with the defendant at MUSD 1.5 instead of the initial amount requested of MUSD 2. This amount will cover all costs related to the incident, and eventually also plugging the current well bore, and a re-drill at location.


For further information please contact:
Paul Morch
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 February 22, 2017 09.00 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, 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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