DOME ENERGY COMPLETES ACQUISITION OF GAS VENTURES

Dome Energy AB. (https://www.domeenergy.com) (Ticker:
DOME (http://www.nasdaq.com/symbol/els/dome)) herein after “Dome”) is pleased to
announce that it has completed the acquisition of Gas Ventures LLC effective as
of October 1st. The transaction is valued at ~$24 million, based on closing
price of Dome shares, Friday October 17th.

The acquisition lifts Dome’s production to approx. 1,450 barrels of oil
equivalent per day (boepd) and provides the platform for both short and long
-term production growth. As part of the agreement Dome will issue 6 million
shares and $11.5 unsecured notes in Dome Energy AB. The outstanding shares for
the Company will be 34,001,945.

An established player in Wyoming, Gas Ventures LLC has a strong operational team
with over 150 years regional expertise experience. The Company operates seven
wholly owned fields in the Bighorn and Wind River Basins with current production
approx. 200 barrels of oil per day (bopd).

Gas Ventures has recently commenced drilling operations targeting to increase
production to 1,900 bopd. The portfolio contains numerous development drilling
locations along with low-cost work-over and recompletion candidates.

The acquisition expands Dome’s long-term development program with numerous
development drilling targeting conventional oil. Through this, Dome plans to
reach 2,000 boepd within eight months and total production of 5,000 boepd
following completion of the full program.

Paul Morch, CEO, noted “The qualified and experienced team we add to our
personnel through this acquisition will be utilized for the development of all
our assets. The deal increases our already strong free-cashflow position and
adds reserves that can be included to our reserve base lending facility with
Societe Generale. We have a great platform for organic growth and it fits within
our proven business model of low-risk development drilling. Our stable cashflow
gives us great flexibility whether it be increasing investment in drilling new
wells, dividends to our shareholders or both.”

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 (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.