SECOND QUARTER
· Net sales of $920’ (703)
· EBITDA of $-500’ (147’)
· Net result of $-269’ (-286’)
· Earnings per share $-0,01 (-0,03)
FIRST HALF YEAR
· Net sales of $1,529’ (1,193’)
· EBITDA of $-837’ (-22)
· Net result of $-835’ (-709)
· Earnings per share $-0,04 (-0,06)
SIGNIFICANT EVENTS DURING THE QUARTER
· Reported reserves of 1.2 million barrels of oil valued at $122.2 million.
· Changed company name to Dome Energy AB.
· Listed on NASDAQ OMX First North.
· Signed a purchase agreement to acquire VistaTex Energy LLC.
· Signed a binding letter of intent to acquire properties from Range Ventures
LLC.
· Raised $7.7 million in a new issue of 4.3 million shares.
SUBSEQUENT EVENTS
· Finalized acquisition of VistaTex Energy LLC effective as of 1 July 2014.
· New senior reserve based bank facility with Societe Generale.
· 1,250 barrels of oil equivalents (boepd) production in July and to reach
2,000 boepd within a year.
FINANCIAL KEY RATIOS
US$ Thousand Q2 Q2 Q1-Q2 Q1-Q2 FY
2014 2013 2014 2013 2013
Revenue 920 703 1,529 1,193 2,167
Gross profit 607 433 866 665 1,270
Gross margin, % 66% 62% 57% 56% 59%
EBITDA -500 147 -837 -22 -682
EBT -269 -286 -835 -709 -3,814
Net result -269 -286 -835 -709 -3,830
EPS (in US$) -0.01 -0.03 -0.04 -0.06 -0.30
Production (boepd) 214 52 155 54 69
For further information please contact:
Susanna Helgesen, CFO
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 (http://www.nasdaq.com/symbol/els/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.
SECOND QUARTER AND HALF YEAR REPORT 2014
| Source: Dome Energy AB
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