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2014-08-12

Dome Energy AB: DOME ENERGY CLOSES VISTATEX ACQUISITION AND FORECAST JULY PRODUCTION OF 1,250 BOEPD

Dome Energy has closed the VistaTex transaction effective as of 1
July, 2014 to a purchase price of approx. $33.5 million. The
acquisition is fully financed by Societe Generale to an interest rate
of 3.75%. Estimated production for July is 1,250 barrels of oil
equivalents per day.

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 announce that through its fully owned
subsidiary Dome Energy Inc. it has closed the previously announced
acquisition of VistaTex Energy LLC effective as of 1 July, 2014.
After taking over a hedge portfolio that developed in the favor of
Dome the purchase price has been adjusted from $35 million to approx.
$33.5 million.

Paul Morch, CEO of Dome, commented: "We have reached a new milestone
in our development by producing 1,250 barrels of oil equivalents per
day. We have done so by growing organically and through acquisitions.
As our portfolio is both operated and non-operated, it will take some
extra time to consolidate the actual production numbers. The first
consolidated month with our VistaTex acquisition is the month of
July. Our operated production is already known, but the non-operated
will be received late September and thereafter the total production
will be communicated to the market."

"With the acquisition of VistaTex we have fivefolded our production
and as our ambition is to keep growing organically and through
acquisitions we have decided to change bank from our local Texas bank
to Societe Generale. They offered better terms with an interest rate
of 3.75% and also a more comprehensive solution that we believe will
benefit the Company as we are growing."

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.

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http://news.cision.com/dome-energy-ab/r/dome-energy-closes-vistatex-acqu...
http://mb.cision.com/Main/10080/9626624/273674.pdf

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