Press release Stockholm 31 August 2015 (NASDAQ OMX First North: DOME) (NASDAQ OMX First North: DOME) SECOND QUARTER 2015
Press release
Stockholm 31August 2015
(NASDAQ OMX First North: DOME)
SECOND QUARTER 2015
- Revenue from oil & gas production incl. realized derivatives of $5,033’ (920’).
- Effect from unrealized derivatives of -$3,059’ (-)
- Gross result from production of $4,128’ (607’) with a margin of 82% (66%)
- EBITDA of -$2,144’ (-500’)
- EBITDA for US operations adj. for unrealized derivatives amounted to $1,911’ (169).
- Net result of -$3,614’ (-269’)
- Earnings per share -$0.11 (-0.01)
SIGNIFICANT EVENTS DURING THE QUARTER
- Dome Energy Inc entered into a final Agreement and Plan of Reorganization with Pedevco.
- Started the second stage of the Orange drilling program.
- OPEX (excl. production taxes and workovers) per barrel of oil equivalent amounted to $9.54 ($11.4).
SUBSEQUENT EVENTS
- Participate in a 7 well drilling program in the DJ Basin through the expected merger with Pedevco.
FINANCIAL KEY RATIOS
| US$ Thousand | Q2 | Q2 | Q1-Q2 | Q1-Q2 | FY |
| 2015 | 2014 | 2015 | 2014 | 2014 | |
| Revenues from oil and gas sales incl realized derivatives | 5,033 | 920 | 8,800 | 1,529 | 8,120 |
| Value change in unrealized derivatives | -3,059 | - | -1,114 | - | 6,744 |
| Gross profit from oil & gas operations incl. realized derivatives | 4,128 | 607 | 6,465 | 866 | 4,336 |
| Gross margin, % | 82% | 66% | 73% | 57% | 53% |
| EBITDA | -2,144 | -500 | -500 | -837 | 10,054 |
| EBITDA for the US oil operation (adj. for unrealized value change of derivatives) | 1,911 | 169 | 3,710 | 249 | 2,030 |
| EBIT | -5,383 | -788 | -788 | -1,315 | 3,865 |
| EBT | -3,614 | -269 | -2,882 | -835 | 4,476 |
| Net result | -3,614 | -269 | -2,882 | -173 | 4,476 |
| EPS (in US$) | -0.11 | -0.01 | -0.1 | -0.04 | 0.19 |
| Production (boepd) | 1,250 | 214 | 1,244* | 155 | 633 |
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). Mangold Fondkommission 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