DOME ENERGY PRESENTS Q1-REPORT 2016 FIRST QUARTER

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News Desk 2018
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.

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