Information Update on Atlanta Field

Source: www.gulfoilandgas.com 8/9/2018, Location: South America

Dommo Energia S.A. announces to its shareholders and the market in general that, through the disclosure to the market by the operator of the BS-4 Block ("Operator"), was informed that, in line with the achieved results, the estimated daily average oil production for the Atlanta Field was reduced from 16 thousand barrels to 13 thousand barrels, with a variation margin of 10%.

From the asset's Operator perspective, the reservoir of the Atlanta Field has been satisfactorily corresponding to the expectations.

In addition, the consortium decided to begin, in the first quarter of 2019, the drilling of the third production well at the Atlanta Field to compose the Early Production System ("EPS"). The operation of the aforementioned well is expected to begin in the second quarter of 2019, with an estimated daily average of 10 thousand barrels of oil.

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