DOME ENERGY REPORTS INITIAL PRODUCTION OF 300 BOE FROM SECOND ORANGE WELL

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 the ongoing drilling
operations of the second well “Gulf Lee Hager Fee #38 well (GLHF #38)” on the
Orange field, Texas.

Offsetting the first well, GLHF #37 that had an initial production rate of 240
barrels of oil equivalent per day (boepd), the GLHF #38, reached a Total Depth
of ~5,250ft targeting the Miocene formation. Following production testing the
GLHF #38 flowed at a rate of 1,881MCF per day and 7 barrels of condensate, equal
to more than 300 boepd.

Dome has now started the process of building production infrastructure for the
wells. The majority of the infrastructure is in place however certain pipeline
and compressors upgrades are required and tailored to each well. The drilling
program will now continue on the southern section of the Hager lease with 4-8
new drilling locations.

Paul Morch, CEO commented; “With initial production rates of more than 500
barrels equivalent per day from our first two wells we are very eager to
continue with this drilling program. The two new wells were both completed in
the second zone we tested and we now have more than 15 zones behind pipe. We
will now use this information to recomplete some of the wells in close vicinity
to the new wells. Salt domes in this part of Texas have been among the most
economical fields in the history of US oil and gas production, and our Orange
dome is no exception.”

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.