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Dominion Energy plc





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Dominion Energy plc - First Quarter Results
Dominion Energy plc Newstrack Announcements 30/12/2004

DOMINION ENERGY PLC
GROUP PROFIT AND LOSS ACCOUNT
FOR THE THREE MONTHS ENDED 30 SEPTEMBER
2004


Unaudited Unaudited
Three months Three months
ended ended
30 September 30 September
2004 2003
GBP GBP

TURNOVER 37,636 48,967

Cost of sales (19,169) (30,315)
---------------------------------------------------------------------------
18,467 18,652

Depreciation and amortisation (4,874) (9,019)
Goodwill on consolidation written 8,500 8,500
back
---------------------------------------------------------------------------
3,626 (519)

GROSS PROFIT 22,093 18,133

Administrative expenses (31,746) (33,003)


OPERATING LOSS (9,653) (14,870)


LOSS ON ORDINARY ACTIVITIES BEFORE (9,653) (14,870)
TAXATION


Tax on loss on ordinary activities - -


LOSS ON ORDINARY ACTIVITIES AFTER (9,653) (14,870)
TAXATION

Loss per share (0.012) p (0.018) p


No dividend has been declared.



DOMINION ENERGY PLC
GROUP BALANCE SHEET
AS AT 30 SEPTEMBER 2004



Unaudited Unaudited
30 September 2004 30 September 2003
GBP GBP

FIXED ASSETS
Intangible asset (34,799) (68,799)
Tangible assets 526,323 591,572

491,524 522,773

CURRENT ASSETS

Debtors 156,783 135,260

Cash at bank and in hand 20,580 66,039
177,363 201,299

CREDITORS AMOUNTS FALLING
DUE
WITHIN ONE YEAR (306,979) (217,998)

NET CURRENT LIABILITIES (129,616) (16,699)


361,908 506,074

CAPITAL AND RESERVES

Called up share capital 816,065 816,065
Share premium account 134,104 134,104
Exchange reserve (165,917) (121,015)
Profit and loss account (422,344) (323,080)


361,908 506,074


DOMINION ENERGY PLC
THREE MONTHS ENDED 30 SEPTEMBER 2004


Chief Executive's comments

For the three months ended 30 September 2004, we report a loss of GBP9,653
compared with a loss of
GBP14,870 for the same period last year. Turnover for the period was
GBP37,636 compared to GBP48,967 for
the same period last year.

Administrative expenses include GBP18,993 (2003:GBP20,875) for undrawn
remuneration payable to
directors.


The lower oil and gas production and weakness in the US dollar were offset by
the higher oil prices.
We continue to review opportunities to expand the company's operations

The directors of the issuer accept the responsibility for this announcement.


H Jelsma
Chief Executive
24 December 2004


DOMINION ENERGY PLC
INDEPENDENT REVIEW REPORT

ACCOUNTANTS' REPORT

The company's accountants, Henderson & Co., have reviewed the Group Profit
and Loss Account and the Group Balance Sheet included with this announcement
and they report as follows:

INTRODUCTION
We have been instructed by the company to review the financial information
for the three months ended 30 September 2004 set out on pages 1 to 2, and we
have read the other information contained in the quarterly interim report for
any apparent misstatements or material inconsistencies with the financial
information.

DIRECTOR'S RESPONSIBILITIES
The quarterly interim report, including the financial information contained
therein, is the responsibility of, and has been approved by the directors.
The directors are responsible for ensuring that the accounting policies and
presentation applied to the interim figures are consistent with those applied
in preparing the preceding annual accounts except where changes, and the
reason for them, are disclosed.

REVIEW WORK PERFORMED
We have conducted our review in accordance with guidance contained in
Bulletin 1999/4 issued by the Auditing Practice Board. A review consists
principally of making enquiries of management and applying analytical
procedures to the financial information and underlying financial data, and
based thereon, assessing whether the accounting policies and presentation
have been consistently applied unless otherwise disclosed. A review excludes
audit procedures such as tests of control and verification of assets,
liabilities and transactions. It is substantially less in scope than an
audit performed in accordance with Auditing Standards and therefore provides
a lower level of assurance than an audit. Accordingly we do not express an
audit opinion on the financial information.

REVIEW CONCLUSION
On the basis of our review we are not aware of any material modifications
that should be made to the financial information as presented for the three
months ended 30 September 2004.

Henderson & Co
87 Devonshire Road
London
N13 4QU



24 December 2004


For further information, please contact:


Robert Stubbs
Email:robert.stubbs@brcorpfin.com

Kishor Sodha
Fax: 020 7408 1711

Dominion Energy PLC
2nd Floor, 19/20 Grosvenor Street, London, W1K 4QH

Dominion Energy PLC is engaged in the acquisition, development and production
of reserves of oil and natural gas in the United States. The Company is also
engaged in the sourcing of energy world-wide.

The Directors of the company accept responsibility for the contents of this
announcement.

Hichens Harrison & Co. plc has approved this announcement for the purpose of
Section 21 of the Financial Services & Markets Act 2000. Hichens Harrison &
Co. plc is regulated by the Financial Services Authority.