DNO ASA

Oslo, 4 November 2021 - DNO ASA, the Norwegian oil and gas operator, today reported third quarter revenues of USD 253 million, a 38 percent quarter-on-quarter increase driven by higher North Sea sales and strengthening commodity prices. The Company's operating profit climbed seven percent to USD 65 million, weighed down by non-cash net impairments of USD 40 million primarily related to revised Ula area cost and production [...]

Oslo, 14 October 2021 - DNO ASA, the Norwegian oil and gas operator, will publish its Q3 2021 operating and interim financial results on Thursday, 4 November 2021. The Company today issued an update on production and sales volumes for the quarter, as well as other key financial information that will be further discussed on the Q3 2021 Earnings Call. Volumes Gross operated production Q3 2021 Q2 2021 Q3 2020 Kurdistan [...]

Oslo, 28 September 2021 - DNO ASA, the Norwegian oil and gas operator, today reported an oil discovery on the Gomez prospect in its operated PL006C license offshore Norway. The exploration well encountered hydrocarbons in the primary target in the Våle Formation of Paleocene Age. The reservoir is a 23 meters thick, homogeneous sandstone of poor to moderate quality. A small amount of oil was recovered during logging. The [...]

Issuer: DNO ASA ISIN of bond loan: NO0010823347 Date of redemption: 22 September 2021 Redemption amount: USD 145,400,000 Outstanding loan amount after redemption: 0 Redemption price: 103.50% plus accrued, and unpaid interest Other information: As announced on 1 September 2021, the Issuer will buy back bonds in the aggregated nominal amount of USD 154,600,000 to be cancelled and discharged . This information is published [...]

Oslo, 8 September 2021 - DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 63.2 million net to the Company from the Kurdistan Regional Government , of which USD 46.2 million represents DNO's entitlement share of June 2021 crude oil deliveries to the export market from the Tawke license in Kurdistan. Of the balance, USD 5.8 million is an override payment equivalent to three percent of gross June [...]

Oslo, 6 September 2021 - DNO ASA, the Norwegian oil and gas operator, today announced that following the completion of an appraisal program on the 2020 Bergknapp discovery in the Norwegian Sea, the Company has upgraded its recoverable resource estimate for this licence by 35 percent. With further appraisal drilling and testing, the size of the previously discovered recoverable resources in the Garn and Tilje formations is [...]

1 September 2021 - DNO ASA, the Norwegian oil and gas operator, today completed the private placement of USD 400 million of new five-year senior unsecured bonds with a coupon rate of 7.875 percent. The placement met strong investor demand across international markets and was significantly oversubscribed, leading the Company to upsize the new bond issue from USD 300 million to USD 400 million. Settlement is expected on or [...]

Oslo, 26 August 2021 - DNO ASA, the Norwegian oil and gas operator, today released its 2020 Corporate Social Responsibility Report. The report is attached as a downloadable file and is also available on the Company's website www.dno.no. - For further information, please contact: Media: media@dno.no Investors: investor.relations@dno.no - DNO ASA is a Norwegian oil and gas operator focused on the Middle East and the North [...]

25 August 2021 - DNO ASA, the Norwegian oil and gas operator, today announced it has engaged Pareto Securities AS as Global Coordinator and Joint Lead Manager together with Danske Bank and SEB as Joint Lead Managers to arrange fixed income investor meetings. Subject to market conditions and acceptable terms, a new USD 300 million senior unsecured bond issue with a tenor of five years may follow. The contemplated bond will [...]

Oslo, 9 August 2021 - DNO ASA, the Norwegian oil and gas operator, today announced that the Gomez exploration well on the PL006C license offshore Norway was spudded this weekend and will be drilled to a depth of approximately 3,300 meters below sea level, targeting Paleocene age formations. DNO Norge AS holds a 65 percent operated interest in the license with the balance held by Aker BP. Aker BP originally had a 15 [...]