DOME ENERGY AB. 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
Following logging of the first well “14-35”, Dome undertook a polymer treatment
on the well in order to reduce water flow without inhibiting oil production.
Historical and analogue data for the area indicates that polymer treatments for
this type of reservoir structure are effective in increasing oil cuts along with
the added benefit of reduced well OPEX. We believe that the treatment has been
effective after measuring theoretical production in excess of 100,000 barrels of
total fluid from the well. We expect that the well will be in full production
within the next two weeks.

Dome is still awaiting regulatory approval to start two water injection wells
along with the second PUD well on Zimmerman Butte. Once the new water disposal
wells are online we will be able to increase production on several wells.

Texas – Piedra Negra
The well re-completion and fracking operations have been completed with good
indicative results. Limited by the test equipment on the well site, the newly
completed zone showed stable pressure of 4,000 psi, which is inline with
expectations. Dome has contracted an independent service company to conduct the
full production test and to design and engineer the required production
infrastructure upgrade.

Louisiana – Delano
As part of our continuing strategy to divest non-core assets, Dome is pleased to
announce the sale of our Delano assets in Louisiana. Accounting for less than
0.5% of the Company’s total production the assets were sold for USD 368,000 with
an effective date of 1 November 2014.

Texas – Orange
Preparations to start drilling on Orange are underway with the drilling program
scheduled to commence on 24th December. The drill site has now been prepared
with the rig expected to arrive on site within the next seven days. Drilling
will start initially with the Hager #37, with Dome having the option of adding
multiple wells thereafter.

Paul Morch, CEO commented; “Earlier this year we decided to hedge a large part
of our production to make sure we could be profitable in any price environment.
The majority of our oil production is hedged at approximately $90 per barrel
until the end of 2016 and we have also hedged our gas production at $4 per MCF
until 2017. Our hedge positions currently have an unrealized profit of $4.2
million. We will continue to add on long-term hedges to support our added
production. With our finances secured in the continuing volatile oil markets we
can concentrate on our growth. Our development program is showing truly exciting
potential and results, we aim to take advantage of our position and we believe
we can deliver shareholder value in this lower oil price environment.”

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.

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