FIRST QUARTER 2015
FIRST QUARTER 2015
- Total revenues of $4,098’ (620’)
- EBITDA of $2,126’ (-343’)
- Net result of $489’ (-576’)
- Earnings per share $0.01 (-0.03)
SIGNIFICANT EVENTS DURING THE QUARTER
- Divested non-core assets Gernt.
- Successful drilling of GLHF #37 with an initial daily production of 240 boe.
- Signed a Heads of Agreement with US-listed Pedevco for the sale of the US Operations.
- Average daily gross production of 1,271 barrels of oil equivalent (121).
- OPEX (excl. production taxes and workovers) per barrel of oil equivalent amounted to $12.97 ($30.00).
SUBSEQUENT EVENTS
- Dome Energy Inc entered into a final Agreement and Plan of Reorganization with Pedevco.
- Started the second stage of the Orange drilling program.
FINANCIAL KEY RATIOS
| US$ Thousand | Q1 | Q1 | FY |
| 2015 | 2014 | 2013 | |
| Total revenues | 4,098 | 620 | 16,200 |
| Revenues from oil and gas sales | 2,509 | 620 | 7,790 |
| Gross profit | 2,224 | 316 | 3,180 |
| Gross margin, % | 61% | 46% | 53% |
| EBITDA | 2,126 | -343 | 10,054 |
| EBT | 489 | -576 | 4,476 |
| Net result | 489 | -576 | 4,476 |
| EPS (in US$) | 0.01 | -0.03 | 0.19 |
| Production (boepd) | 1,271 | 121 | 632 |
For further information please contact:
Susanna Helgesen, CFO
Phone: +46 708 27 86 36
US phone: +1 281 558 8585
E-mail: sh@domeenergy.com
About Dome Energy
Dome Energy AB. is an independent Oil & Gas Company publicly traded on the Nasdaq OMX First North exchange in Sweden (Ticker: DOME). Remium Nordic AB 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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