DOME ENERGY PROVIDES OPERATIONAL UPDATE

Dome Energy AB. (https://www.domeenergy.com) (Ticker:
DOME (http://www.nasdaq.com/symbol/els/dome)) herein after “Dome” and/or “the
Company”) is pleased to provide an operational update on its ongoing development
program targeting total production of 5,000 barrels of oil equivalent per day
(boepd).

Wyoming – Zimmerman Butte
The drilling program on Zimmerman Butte (part of the recently acquired Gas
Ventures’ portfolio) is underway. Using data gleaned from a recent 3-D seismic
survey, the first well, the “14-35” well reached target depth at 4,700 ft. The
well will now undergo logging and a production test before connecting the well
to existing production facilities. Encouraged by the data, the results are
expected to be in line with analogue wells on the field. Pending weather
conditions and regulatory approval, Dome plans to drill a second PUD well on
Zimmerman Butte in 2014. In 2015, Dome plans to drill 4-6 further wells on the
field. In addition Dome is evaluating other PUD development opportunities on the
other Wyoming fields it recently acquired, and expect to drill 2-4 wells on
other Wyoming fields in 2015, in addition to several workovers.

Kentucky – KYTX
A development program on KYTX has been designed and is progressing as planned.
Dome is upgrading compressor facilities, undertaking a well cleanup program and
preparing to bring additional wells online to increase production to 600 mcfpd
(100 boepd). Dome has recently acquired neighboring leases with producing wells
containing additional development potential. The wells will be connected to the
existing infrastructure, and will not add any additional costs to current
operations.

Texas – Orange Field
Substantial ongoing drilling activity onshore US, particular in large shale
plays such as the Eagle Ford, is causing a shortfall in available drilling rigs
and services. Smaller drilling programs like Dome’s in Orange are suffering
delays. The Company has put out drilling contracts for tender with a schedule to
start drilling the Hager lease in November.

Texas – Concord Dome
Receiving approval from mineral right owners to shoot seismic has taken longer
than expected and to not delay development further the Company is going forward
securing a rig to start drill the lowest risk to potential “Tomahawk Humble A”
unit. The first two planned wells will be drilled adjacent to the previous
producing A5 and A6 wells.

Texas – Piedra Negra
After several delays from service companies, however, we feel confident that our
new date for fracking operations in mid-November will be honored.

“We are excited to see the very early result of an extensive development program
in Wyoming ” said Paul Morch, CEO. “We are currently working on developing all
fields in our portfolio and expect to drill more wells in the coming months. Our
diversified production from both oil and gas, allows us to deliver robust cash
-flow that is secured by our strategic oil hedges well above today’s oil price.
Our ambition is to continue our growth story, organically through development
programs as well as by strategic acquisitions. We will deliver value to our
shareholders through increased production, optimization of the portfolio such as
the recently divested Terryville asset as well as through dividends.”

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.