THIRD QUARTER AND NINE MONTHS REPORT 2014
THIRD QUARTER
- Total revenues of $5,465’ (559’)
- EBITDA of $3,194’ (-261’)
- Net result of $3,114’ (508’)
- Earnings per share $0.12 (0.04)
NINE MONTHS
- Total revenues of $7,203’ (1,773’)
- EBITDA of $2,492’ (-285’)
- Net result of $2,411’ (-209’)
- Earnings per share $0.11 (-0.02)
SIGNIFICANT EVENTS DURING THE QUARTER
- Finalized and integrated the acquisition of VistaTex Energy LLC.
- New $40 million senior asset back reserve based bank facility with Societe Generale.
- Average daily production of 1,050 barrels of oil equivalents (boepd), a fourfold increase from Q2.
- OPEX (excl. production taxes) per barrel of oil equivalent amounted to $11 ($22).
- Divested non-core assetss in Lincoln parish, Louisiana.
SUBSEQUENT EVENTS
- Finalized acquisition of properties from Range Ventures LLC, effective 1 October 2014, increasing reserves and production.
FINANCIAL KEY RATIOS
US$ Thousand | Q3 | Q3 | Q1-Q3 | Q1-Q3 | FY |
2014 | 2013 | 2014 | 2013 | 2013 | |
Total revenues | 5,465 | 559 | 7,203 | 1,773 | 2,316 |
Revenues from oil and gas sales | 2,907 | 559 | 4,542 | 1,773 | 2,167 |
Gross profit | 1,647 | 356 | 2,572 | 1,033 | 1,121 |
Gross margin, % | 57% | 64% | 57% | 58% | 52% |
EBITDA | 3,194 | -261 | 2,492 | -285 | -682 |
EBT | 3,114 | 524 | 2,411 | -193 | -3,814 |
Net result | 3,114 | 508 | 2,411 | -209 | -3,830 |
EPS (in US$) | 0.12 | 0.04 | 0.11 | -0.02 | -0.30 |
Production (boepd) | 1,050 | 80 | 448 | 77 | 69 |
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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