DNO ASA

Oslo, 8 February 2024 - DNO ASA, the Norwegian oil and gas operator, today announced that pursuant to the authorization granted at the Annual General Meeting held on 25 May 2023, the Board of Directors has approved a dividend payment of NOK 0.25 per share to be made on or about 26 February 2024 to all shareholders of record as of 16 February 2024. DNO shares will be traded ex-dividend as of 15 February 2024. Dividend [...]

Oslo, 8 February 2024 - DNO ASA, the Norwegian oil and gas operator, today reported 2023 revenues of USD 668 million and operating profit of USD 218 million on the back of production rebound in the Kurdistan region of Iraq in a year marked by North Sea exploration success. Net production averaged 52,600 barrels of oil equivalent per day , of which Kurdistan contributed 34,900 boepd, North Sea 14,200 boepd and West Africa [...]

Oslo, 6 February 2024 - DNO ASA, the Norwegian oil and gas operator, today announced that the Company's wholly-owned subsidiary DNO Exploration UK Limited has entered into an agreement to acquire a 25 percent interest in the Arran field on the UK Continental Shelf from ONE-Dyas E&P Limited. Arran started production in 2021 as a subsea tie-back to the Shearwater A platform, both operated by Shell U.K. Limited. Gas from [...]

Oslo, 16 January 2024 - DNO ASA, the Norwegian oil and gas operator, today announced that its wholly-owned subsidiary DNO Norge AS has been awarded participation in 14 exploration licenses, of which three are operatorships, under Norway's Awards in Predefined Areas 2023 licensing round. Of the 14 new licenses, 10 are in the North Sea and four in the Norwegian Sea. At yearend 2023, DNO held interests in 73 licenses [...]

Oslo, 15 January 2024 - DNO ASA, the Norwegian oil and gas operator, will publish its Q4 2023 operating and interim financial results on 8 February at 07:00 . A videoconference call with executive management will follow at 14:00 . The Company issues below an update on production and sales volumes for the quarter as well as other key financial information that will be further discussed in the earnings call. Volumes Gross [...]

Oslo, 4 January 2024 - DNO ASA, the Norwegian oil and gas operator, today announced that the Company will exercise the option to fully redeem its DNO03 bond on 5 January 2024. Issuer: DNO ASA ISIN of bond loan: NO0010852643 Original maturity date: 29 May 2024 New maturity date : 22 January 2024 Record date: 18 January 2024 Redemption price: 100% of the Nominal Amount, plus accrued interest. - For further information [...]

Oslo, 19 December 2023 - DNO ASA, the Norwegian oil and gas operator, today announced that gross production from its operated Tawke license in the Kurdistan region of Iraq continues to climb, with the December to date average approaching 90,000 barrels of oil per day . That lifts the projected fourth quarter 2023 figure to 65,000 bopd, up from 26,000 bopd in the third quarter and zero production in the second quarter [...]

Oslo, 13 December 2023 - DNO ASA, the Norwegian oil and gas operator, today announced successful completion of the second appraisal well on the Bergknapp/Åre discoveries in license PL836S in the Norwegian Sea. Recoverable volumes are currently estimated by the operator to range between 50 and 100 million barrels of oil equivalent . Bergknapp/Åre are located eight kilometers west of the Wintershall Dea Norge AS operated [...]

Oslo, 12 December 2023 - DNO ASA, the Norwegian oil and gas operator, today announced completion of appraisal/side track wells that both confirmed the 2022 Ofelia oil and gas discovery and led to a new gas discovery in the overlying Kyrre formation in license PL929 in the Norwegian North Sea. Combined recoverable volumes are estimated by the operator to range between 27 and 52 million barrels of oil equivalent [...]

Oslo, 12 December 2023 - DNO ASA, the Norwegian oil and gas operator, today announced completion of appraisal/side track wells that both confirmed the 2022 Ofelia oil and gas discovery and led to a new gas discovery in the overlying Kyrre formation in license PL929 in the Norwegian North Sea. Combined recoverable volumes are estimated by the operator to range between 27 and 52 million barrels of oil equivalent [...]