Press release
Stockholm 31August 2015
(NASDAQ OMX First North: DOME)
SECOND QUARTER 2015
· Revenue from oil & gas production incl. realized derivatives of $5,033’
(920’).
· Effect from unrealized derivatives of -$3,059’ (-)
· Gross result from production of $4,128’ (607’) with a margin of 82% (66%)
· EBITDA of -$2,144’ (-500’)
· EBITDA for US operations adj. for unrealized derivatives amounted to $1,911’
(169).
· Net result of -$3,614’ (-269’)
· Earnings per share -$0.11 (-0.01)
SIGNIFICANT EVENTS DURING THE QUARTER
· Dome Energy Inc entered into a final Agreement and Plan of Reorganization
with Pedevco.
· Started the second stage of the Orange drilling program.
· OPEX (excl. production taxes and workovers) per barrel of oil equivalent
amounted to $9.54 ($11.4).
SUBSEQUENT EVENTS
· Participate in a 7 well drilling program in the DJ Basin through the
expected merger with Pedevco.
FINANCIAL KEY RATIOS
US$ Thousand Q2 Q2 Q1-Q2 Q1-Q2 FY
2015 2014 2015 2014 2014
Revenues from oil and gas sales incl 5,033 920 8,800 1,529 8,120
realized derivatives
Value change in unrealized derivatives -3,059 - -1,114 - 6,744
Gross profit from oil & gas operations 4,128 607 6,465 866 4,336
incl. realized derivatives
Gross margin, % 82% 66% 73% 57% 53%
EBITDA -2,144 -500 -500 -837 10,054
EBITDA for the US oil operation (adj. 1,911 169 3,710 249 2,030
for unrealized value change of
derivatives)
EBIT -5,383 -788 -788 -1,315 3,865
EBT -3,614 -269 -2,882 -835 4,476
Net result -3,614 -269 -2,882 -173 4,476
EPS (in US$) -0.11 -0.01 -0.1 -0.04 0.19
Production (boepd) 1,250 214 1,244* 155 633
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)). 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
Press release Stockholm 31 August 2015 (NASDAQ OMX First North: DOME) (NASDAQ OMX First North: DOME) SECOND QUARTER 2015
| Source: Dome Energy AB
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