DOME ENERGY PRESENTS Q1-REPORT 2016

FIRST QUARTER

  · Revenue from oil & gas production incl. realized derivates of $2,242’
(3,637’).
  · Effect from unrealized derivatives of -$641’ (280’).
  · Gross result from production incl. realized derivates of $735’ (2,224’) with
a margin of 33% (61%).
  · EBITDA of -$172’ (2,126’).
  · EBITDA for US operations adj. for unrealized derivates amounted to $1,279’
(2,137’).
  · Net result of -$2,574’ (489’).
  · Earnings per share -$0.07’ (0.01).

SIGNIFICANT EVENTS DURING THE QUARTER

  · Refinancing-prepare and negotiate with company lenders.
  · Volumes significantly down compared with previous year due to un-economical
wells.
  · Drilling programs, recompletions and workovers on hold due to re-financing
negotiations.
  · Continued implementation and pursuing of cost cutting program on both
operational and G&A in Q1.

SIGNIFICANT EVENTS AFTER CLOSING THE QUARTER
Dome Energy Executes Agreement for Significant Favorable Debt Refinancing
(pressrelease 30 May,2016):

  · Reduction of total debt from approx. $55,000,000 to
  · Dome Energy Inc. will monetize its current hedge portfolio for $4,100,000.
  · Dome Energy AB, has agreed with Range Ventures LLC in principle, on a
conversation of the Note payable to shares at a prices of 1 USD per share. The
proposal is subject to shareholder approval at the next shareholder meeting on
June 21, 2016.

FINANCIAL KEY RATIOS
US$ Thousand                         Q1     Q1       FY
                                   2016   2015     2015
Revenues from oil and gas sales    2,242  3,637   12,323
incl. realized derivatives
Value change in unrealized         -641     280   1,041
derivatives
Gross profit from oil & gas         735   2,224    5,353
operations incl. realized
derivatives
Gross margin, %                      33%    61%      47%
EBITDA                             -172   2,126     808
EBT                              -2,595    489   -49,983
Net result                       -2,574    489   -50,333
EPS (in US$)                      -0.07    0.01   -1.46
Production (boepd)                  547   1,271    1,068

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.
DOME ENERGY PRESENTS Q1-REPORT 2016

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