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Page 1: TheProvenGrowthStoryCon1nues€¦ · 2 DISCLAIMER All presentations and their appendices (hereinafter referred to as “Investor Presentations”) published on have been prepared

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The  Proven  Growth  Story  Con1nues  

Page 2: TheProvenGrowthStoryCon1nues€¦ · 2 DISCLAIMER All presentations and their appendices (hereinafter referred to as “Investor Presentations”) published on have been prepared

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DISCLAIMER All presentations and their appendices (hereinafter referred to as “Investor Presentations”) published on www.domeenergy.com have been prepared by Dome Energy AB. (“DOME” or the “Company”) exclusively for information purposes. The presentations have not been reviewed or registered with any public authority or stock exchange. Recipients of these presentations may not reproduce, redistribute or pass on, in whole or in part, these presentations to any other person. The distribution of these presentations and the offering, subscription, purchase or sale of securities issued by the Company in certain jurisdictions is restricted by law. Persons into whose possession these presentations may come are required by the Company to inform themselves about and to comply with all applicable laws and regulations in force in any jurisdiction in or from which it invests or receives or possesses these presentations and must obtain any consent, approval or permission required under the laws and regulations in force in such jurisdiction, and the Company shall not have any responsibility or liability for these obligations. These presentations do not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction to any person to whom is unlawful to make such an offer or solicitation in such jurisdiction. IN RELATION TO THE UNITED STATES AND U.S. PERSONS, THESE PRESENTATIONS ARE STRICTLY CONFIDENTIAL AND ARE BEING FURNISHED SOLELY IN RELIANCE UPON APPLICABLE EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED. THE SHARES OF THE COMPANY HAVE NOT AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES, UNLESS AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE U.S. SECURITIES ACT IS AVAILABLE. ACCORDINGLY, ANY OFFER OR SALE OF SHARES IN THE COMPANY WILL ONLY BE OFFERED OR SOLD (I) WITHIN THE UNITED STATES, ONLY TO QUALIFIED INSTITUTIONAL BUYERS (“QIBs”) IN PRIVATE PLACEMENT TRANSACTIONS NOT INVOLVING A PUBLIC OFFERING AND (II) OUTSIDE THE UNITED STATES IN OFFSHORE TRANSACTIONS IN ACCORDANCE WITH REGULATION S. ANY PURCHASER OF SHARES IN THE UNITED STATES, WILL BE REQUIRED TO MAKE CERTAIN REPRESENTATIONS AND ACKNOWLEDGEMENTS, INCLUDING WITHOUT LIMITATION THAT THE PURCHASER IS A QIB. PROSPECTIVE INVESTORS ARE HEREBY NOTIFIED THAT SELLERS OF THE NEW SHARES MAY BE RELYING ON THE EXEMPTIONS FROM THE PROVISIONS OF SECTIONS OF THE U.S. SECURITIES ACT PROVIDED BY RULE 144A. NONE OF THE COMPANY’S SHARES HAVE BEEN OR WILL BE QUALIFIED FOR SALE UNDER THE SECURITIES LAWS OF ANY PROVINCE OR TERRITORY OF CANADA. THE COMPANY’S SHARES ARE NOT BEING OFFERED AND MAY NOT BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN CANADA OR TO OR FOR THE ACCOUNT OF ANY RESIDENT OF CANADA IN CONTRAVENTION OF THE SECURITIES LAWS OF ANY PROVINCE OR TERRITORY THEREOF. IN RELATION TO THE UNITED KINGDOM, THESE PRESENTATIONS AND THEIR CONTENTS ARE CONFIDENTIAL AND THEIR DISTRIBUTION (WHICH TERM SHALL INCLUDE ANY FORM OF COMMUNICATION) IS RESTRICTED PURSUANT TO SECTION 21 (RESTRICTIONS ON FINANCIAL PROMOTION) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005. IN RELATION TO THE UNITED KINGDOM, THESE PRESENTATIONS ARE ONLY DIRECTED AT, AND MAY ONLY BE DISTRIBUTED TO, PERSONS WHO FALL WITHIN THE MEANING OF ARTICLE 19 (INVESTMENT PROFESSIONALS) AND 49 (HIGH NET WORTH COMPANIES, UNINCORPORATED ASSOCIATIONS, ETC.) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 OR WHO ARE PERSONS TO WHOM THE PRESENTATIONS MAY OTHERWISE LAWFULLY BE DISTRIBUTED. The contents of these presentations are not to be construed as legal, business, investment or tax advice. Each recipient should consult with its own legal, business, investment and tax adviser as to legal business, investment and tax advice. There may have been changes in matters which affect the Company subsequent to the date of these presentations. Neither the issue nor delivery of these presentations shall under any circumstance create any implication that the information contained herein is correct as of any time subsequent to the date hereof or that the affairs of the Company have not since changed, and the Company does not intend, and does not assume any obligation, to update or correct any information included in these presentations. These presentations include and are based on, among other things, forward-looking information and statements. Such forward-looking information and statements are based on the current expectations, estimates and projections of the Company or assumptions based on information available to the Company. Such forward-looking information and statements reflect current views with respect to future events and are subject to risks, uncertainties and assumptions. The Company cannot give any assurance as to the correctness or such information and statements. An investment in the Company involves risk, and several factors could cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements that may be expressed or implied by statements and information in these presentations, including, among others, risks or uncertainties associated with the Company’s business, segments, development, growth management, financing, market acceptance and relations with customers, and, more generally, general economic and business conditions, changes in domestic and foreign laws and regulations, taxes, changes in competition and pricing environments, fluctuations in currency exchange rates and interest rates and other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in these documents.

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Dome  Energy  Dome   Energy   AB.,   is   an   independent   Oil   &   Gas  Company   publicly   traded   on   the   Nasdaq   OMX   First  North  exchange  in  Sweden  (Ticker:  DOME).      The   Company’s   strategy   is   to   explore   exis1ng  producing   US   onshore   oil   and   gas   fields   to   iden1fy  unexploited  well  loca1ons.      The   Company   has   grown   produc1on   to   1,250   barrels  boepd  from  a  balanced  and  diversified  porWolio  of  oil,  gas   and   condensate   produced   in   Arkansas,   Kentucky,  Louisiana,  Michigan,  Mississippi,  Oklahoma,  Texas  and  Wyoming.    With   a   strong   cash   posi1on   and   substan1al   free  cashflow   the   Company   is   con1nuing   its   aggressive  growth   strategy   through   both   organic   growth   and  targeted/strategic  acquisi1ons.    

 

•  Focused  on  oil  &  gas  produc1on  onshore  US  

•  Diversified  porWolio  of  liquids  and  non-­‐liquids  from  operated  and  non-­‐operated  assets  

•  Organic  growth  through  the  drill  bit  

•  Further  acquisi1ons  for  con1nued  aggressive  growth  

•  Crea1ng  shareholder  value  through  increased  produc1on,  acquisi1ons  &  divestments.  

 

STRATEGY  

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Recent  Developments  The  Company   is   con1nuing   to  grow   through   its   exis1ng  work  programs  along  with  the  comple1on  of  acquisi1ons.    Two  large  acquisi1ons   in  2014.  Acquisi1on  of  VistaTex  Energy  in   July   and  Wyoming   assets   in  October   adding   ~1,000   boepd  with  large  development  poten1al.    Together,   these   acquisi1ons   provide   Dome   with   substan1al  work-­‐overs,   re-­‐comple1ons,   PUD’s   and   new   well  opportuni1es.  Dome  now  has  a  long-­‐term  base  to  con1nue  its  strategy  of  growth  through  development  of  its  own  assets.      Dome  has  secured  it’s  cashflow  through  long-­‐term  hedges  for  the  majority  of  the  produc1on  at  rates  ($90bbl/$4mcf).      The  Company  has   increased  produc1on  to  1,250  boepd  along  with  an  upgrade  in  reserves  to  6.2  million  boe.      

     

 

•  1,250  boepd  

•  ~240  producing  wells  

•  Diversified  produc1on  porWolio:  -­‐  60%  Gas  -­‐  40%  Oil  &  Condensate  

•  Majority  of  porWolio  is  hedged  un1l  2017  -­‐  $90  barrel  /  $4  mcf      

•  6.2  mmboe  of  proven  reserves    

•  Annualized  forecasted  EBITDA  of  $10  m  

•  $44  m  credit  facility  with  Soc  Gen  at  3.75%  interest  rate  

 

 

HIGHLIGHTS  

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Corporate  Snapshot  and  52  weeks  share  price  NASDAQ  OMX:  DOME        

Share  Price  (06/02/15)   $1.08  /  SEK  8.90  

Market  Cap  (06/02/15)   $36.8  /  SEK  303  m  

Common  Shares  Outstanding   33.7  m  

Warrants  &  Op1ons   0.4  m  

Fully  Diluted  Outstanding  Shares*   34.1  m  

Insider  Ownership   ~40%  

Net  debt  (06/02/15)     $37.9  m  

Proven  Reserves   6.2  mmboe  

*  Assumes  complete  conversion  and  exercise  of  all  op5ons  and  ongoing  issue  of  shares  

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Shareholders  LIST  OF  LARGEST  SHAREHOLDERS   %    

Range  Ventures  LLC   17.65%  

Bustein  AS   15.16%  

Deutsche  Bank  Suisse  S.A.   5.99%  

Petrus  AS   5.93%  

Avanza  Pension  Försäkring  AB   4.89%  

M.  Fellbrant   4.32%  

DNB  Bank  ASA   3.88%  

Prime  Wealth  Interna1onal  Holdings   3.11%  

Nordisk  Specialtex1l  i  Jörn  AB   2.26%  

Nordnet  Pensionsförsäkring  AB   2.09%  

Other  shareholders    

34.7%    

*  Assumes  complete  conversion  and  exercise  of  all  op5ons.      

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Credit  Line  $1.8M  

A  Proven  Strategy  that  Delivers  

Efficiency  program  implemented  

Record  produc1on  of  1,250  boepd  

Listed  on  Nasdaq  OMX  First  North        

P1  Reserves  of  6.2M  barrels  

First  new  oil  

Credit  Line  $5.0M  

Credit  Line  $7.5M  

Credit  Line  $44M  @3.75%  

Doubling  of  Produc1on  

Acquisi1on  of  Concorde  Dome    

Acquisi1on  of  KYTX  

Acquisi1on  of  VistaTex  

Acquisi1on  of      Wyoming  assets  

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Asset  Loca1on  

•  HQ  in  Houston    

•  Total  ~240  producing  wells/100  operated  wells  

•  Non-­‐operated  partnerships  with  Anadarko,  BP,  Chesapeake,  EOG  Resources  and  XTO.    

•  Licensed  operator  in  Kentucky,  Louisiana,  Oklahoma,  Texas  and  Wyoming.  

 

FACTS  

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Financials  

Financial  Highlights  •  Cash  flow  enables  organic  growth  and  acquisi1ons  •  Annualized  EBITDA  (forecast):  >$10M  •  $44M  credit  facility  with  Société  Générale  (3.75%  interest  rate)  •  Low  OPEX  •  Net  debt  of  $37.9M  •  $27  m+  $17M  in  tax  deduc1bles  

 

Q3  Financials  •  Total  revenue  of  $5.5M  ($0.6M)  

Ø  Revenue  from  oil  and  gas  sales  of  $2.9M  ($0.6M)      •  Gross  profit  of  $1.6M  ($0.4M)    

Ø  Gross  margin  of  57%  (64%)  •  EBITDA  of  $3.1M  (-­‐$0.3M)  •  EBT  $3.1M  ($0.5M)  •  Net  result  $3.1M  ($0.5M)  

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Diversified  PorWolio  of  Reserves  Oil    

Mbbl  Condensate  

Mgal  Gas    MMcf  

Total  Mboe   ValuaGon  US$  million  

Proved  Developed  Producing  (PDP)    

942   8,877   14,108   3,580   84.9    

Total  Proven  Reserves   1,520   12,672   25,404   6,163   129.3    

60%  

34%  

6%  

Gas   Oil   Condensate  

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Con1nued  Produc1on  Growth  •  Q3  Produc1on  of  1,050  boepd  •  Produc1on  has  increased  to  1,250  boepd  •  12  month  target  of  2,000  boepd  through  organic  growth  •  Target  of  5,000+  boepd  upon  comple1on  of  the  full  work  program  

0  200  400  600  800  

1,000  1,200  1,400  1,600  

1Q14A   2Q14A   3Q14A   4Q14E  

Daily  Produc1on  (boepd)  

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Ongoing  Development  Programs  

Orange  Field  •  7  -­‐  20  well  recomple1on  program  •  3  -­‐  12  well  Drilling  Program  •  First  well  Ini1al  Produc1on:  240  boepd  •  Second  well  Ini1al  Produc1on:  300  boepd  •  Produc1on  target:  400  -­‐1,200  boepd  

Concord  Dome  •  Seismic  Survey  and  re-­‐interpreta1on  of  

exis1ng  data  •  Drilling  program  to  commence  Q2  2015  •  Produc1on  target:  300  bopd  

KYTX  •  14  well  comple1on  and  work  over  program  •  Acquisi1on  of  gray  field:  50  boepd  •  Produc1on  target:  200  boepd  

VistaTex  •  Consolida1on  of  the  assets  •  Re-­‐comple1ons  •  Work  overs  •  Poten1al  farm  outs  •  Produc1on  target:  2,300  boepd  

Wyoming  assets  •  Polymer  and  enzyme  

treatment  •  Produc1on  efficiency  

improvements  •  Produc1on  target:  1,000  bopd  

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Orange  Field  –  Work  Program  Example  

•  Largest  and  most  produc1ve  lease  on  Orange  •  Produced  more  than  3  mmbbl  since  1940s  •  3  wells  drilled  in  1980  -­‐  100%  success  •  Found  3  unproduced  areas    •  First  well  IP  rate  of  240  boepd  •  Second  well  IP  rate  of  300  boepd  •  Poten1al  for  numerous  offseyng  wells  •  Addi1onal  poten1al  from  Frio  forma1on  in  the  North  •  Proven  &  de-­‐risked  drilling  program  

Hager  

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None-­‐Core  Divestments  

•  Maintaining  the  Company’s  strategy  of  minimizing  risk  and  capital  expenditure,  Dome  has  divested  two  low  value  assets.  

•  Sold  Terryville  assets,  Louisiana  realizing  a  $2.75M  profit.  The  assets  contributed  <1%  of  the  total  produc1on.  

•  Sold  Delano  assets,  Louisiana  realizing  a  $0.4  profit.  The  assets  contributed  0.5%  of  the  total  produc1on.  

   

Sale  of  High-­‐Risk  ExploraGon  &  Immaterial  Assets  

Page 15: TheProvenGrowthStoryCon1nues€¦ · 2 DISCLAIMER All presentations and their appendices (hereinafter referred to as “Investor Presentations”) published on have been prepared

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CONTACT  To  contact  Dome  Energy  with  your  ques1ons  or  comments,  please  use  the  contact  details  below.  

Dome  Energy  Inc.  6363  Woodway    Suite  1025  Texas,  77057  

Tel:    +1  281  558  8585  Fax:  +1  281  558  7557  

Dome  Energy  AB  Stureplan  4C,  4tr  114  35  Stockholm    

Tel:    +46  8  46  31  020  E-­‐mail:  [email protected]  

Stockholm,  Sweden   Houston,  USA  

www.domeenergy.com