DOME ENERGY PRESENTS Q4-REPORT 2015

FOURTH QUARTER 2015

  · Revenue from oil & gas production incl. realized derivatives of $2,805’
(3,639’).
  · Effect from unrealized derivatives of $391’ (5,831’).
  · Gross result from production incl. realized hedges of $265’ (1,736’) with a
margin of 9% (48%).
  · EBITDA of -$979’ (6,769’).
  · EBITDA for US operations adj. for unrealized derivatives amounted to -$306’
(1,504’).
  · Net result of -$46,535’ (3,727’) including a write-down of oil & gas assets
of -$42,957.
  · Earnings per share -$1.35 (0.13).

FULL YEAR

  · Revenue from oil & gas production incl. realized derivatives of $12,477’
(9,237’).
  · Effect from unrealized derivatives of $520’ (7,987’).
  · Gross result from production incl. realized hedges of 6,012’ (4,840’) with a
margin of 48% (52%).
  · EBITDA of $913’ (11,781’).
  · EBITDA for US operations adj. for unrealized derivatives amounted to $4,288’
(6,262’).
  · Net result of -$49,897’ (7,066’) including a write-down of oil & gas assets
of -$43,283.
  · Earnings per share -$1.45 (0.31).

SIGNIFICANT EVENTS DURING THE QUARTER

  · The Company has cancelled the merger plans with Pedevco.
  · The previously announced acquisition (4 December, 2015) of newly drilled
wells in Wattenberg, Colorado, was not concluded. With limited economical value
in today’s oil price market in our view, Dome’s interest in the wells are under
termination.
  · Implementation of cost cutting program continued on both Operational and
G&A.
  · Write-down of oil & gas assets due to significant lower price deck at the
end of 2015.
  · Reserves of 5,025 mboe valued to $95,629’ undiscounted and $52,408’
discounted at PV10.
  · Hedge portfolio valued to $6,582’ as of 31 December, 2015.
  · OPEX (excl. production taxes and workovers) per barrel of oil equivalent
amounted to $26.89.
  · Susanna Helgesen left the position as CFO in October and was replaced by
Thure Thorgren.
  · Kristian Lundkvist left the board of directors in December.
  · Mangold Fondkommission was engaged as a market maker.

FINANCIAL KEY RATIOS

US$ Thousand                                 Q4     Q4       FY      FY
                                           2015   2014     2015    2014
Revenues from oil and gas sales incl      2,805  3,639   12,477   9,237
realized derivatives
Value change in unrealized derivatives      391  5,831      520   7,987
Gross profit from oil & gas operations      265  1,736    6,012   4,840
incl. realized derivatives
Gross margin, %                              9%    48%      48%     52%
EBITDA                                     -979  6,769      913  11,781
EBITDA for the US oil operation (adj.      -306  1,504    4,288   6,262
for unrealized value change of
derivatives)
EBIT                                    -47,542  3,515  -50,411   6,755
EBT                                     -46,518  3,727  -49,880   7,066
Net result                              -46,535  3,727  -49,897   7,066
EPS (in US$)                              -1.35   0.13    -1.45    0.31
Production (boepd)                          844  1,155    1,068     633


For further information please contact:

Paul Morch, CEO
Phone: +1 713 385 4104
E-mail: pm@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)). Mangold Fondkommission 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.