DOME ENERGY PRESENTS Q3-REPORT

THIRD QUARTER 2015

  · Revenue from oil & gas production incl. realized derivatives of $3,003’
(3,063’).
  · Effect from unrealized derivatives of $1,281’ (710’).
  · Gross result from production incl. realized hedges of $1,387’ (1,803’) with
a margin of 46% (59%).
  · EBITDA of $1,961’ (4,061’).
  · EBITDA for US operations adj. for unrealized derivatives amounted to $2,022’
(3,916’).
  · Net result of -$192’ (3,114’).
  · Earnings per share -$0.01 (0.12).

SIGNIFICANT EVENTS DURING THE QUARTER

  · Participated in a 7 well drilling program in the DJ Basin through the
expected merger with Pedevco.
  · Cost cutting program implemented both on Operational and G&A.
  · The AGM appointed Petter Hagland as a non-executive member of the Board of
Directors.
  · OPEX (excl. production taxes and workovers) per barrel of oil equivalent
amounted to $19.24 ($13.05).

SUBSEQUENT EVENTS

  · The Company continued the merger process with Pedevco and received a term
sheet for financing.

FINANCIAL KEY RATIOS

US$ Thousand                               Q3     Q3   Q1-Q3  Q1-Q3      FY
                                         2015   2014    2015   2014    2014
Revenues from oil and gas sales incl    3,003  3,063   9,675  4,731   9,237
realized derivatives
Value change in unrealized derivatives  1,281    710     125    710   7,987
Gross profit from oil & gas operations  1,387  1,803   5,760  2,761   4,840
incl. realized derivatives
Gross margin, %                           46%    59%     60%    58%     52%
EBITDA                                  1,961  4,061   1,904  3,395  11,781
EBITDA for the US oil operation (adj.   2,022  3,916   4,608  4,356   6,262
for unrealized value change of
derivatives)
EBIT                                    1,594  3,523  -2,514  2,360   6,755
EBT                                      -192  3,114  -3,015  2,412   7,066
Net result                               -192  3,114  -3,015  2,412   7,066
EPS (in US$)                            -0.01   0.12   -0.09   0.11    0.31
Production (boepd)                        913  1,050   1,131    448     633

For further information please contact:

Paul Morch, CEO
Phone: +1 713 385 4104
E-mail: pm@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 (http://www.nasdaq.com/symbol/els/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 www.domeenergy.com.
DOME ENERGY PRESENTS Q3-REPORT

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