Oslo, 3 August 2021 - DNO ASA, the Norwegian oil and gas operator, today announced that the Kurdistan Regional Government has approved the Company's acquisition of ExxonMobil's remaining 32 percent interest in the Baeshiqa license, doubling DNO's stake. In parallel, commerciality has been declared on the license with plans submitted for fast-track development including early production from previously drilled but [...]
Oslo, 29 July 2021 - DNO ASA, the Norwegian oil and gas operator, today reported operating profit of USD 61 million in the quarter ending 30 June 2021, its second consecutive profitable quarter since the onset of the COVID pandemic. Revenues totaled USD 184 million, up USD 14 million from the previous quarter, as higher oil and gas prices more than compensated for lower North Sea volumes sold. Gross operated production at [...]
Oslo, 28 July 2021 - DNO ASA, the Norwegian oil and gas operator, will publish its Q2 2021 operating and interim financial results on 29 July 2021 at 07:00 . A videoconference call with executive management will follow at 15:00 . Please visit www.dno.no for login details. - For further information, please contact: Media: media@dno.no Investors: investor.relations@dno.no - DNO ASA is a Norwegian oil and gas operator [...]
Oslo, 12 July 2021 - DNO ASA, the Norwegian oil and gas operator, today reported the appointment of Chris Spencer as its Chief Operating Officer, effective immediately. Spencer joined the Company in 2017 and his most recent position was Deputy Managing Director. - 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 [...]
Oslo, 27 May 2021 - DNO ASA, the Norwegian oil and gas operator, today held its 2021 Annual General Meeting at 3:00 pm in Oslo. All resolutions received unanimous or near unanimous approval from shareholders. The minutes from the meeting are attached. - This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. Attachments Minutes final Appendix 1 Eng [...]
Haakon Sandborg, Chief Financial Officer, has today been awarded 143,429 synthetic DNO ASA shares at zero cost in accordance with an established program. Please refer to the attached form of notification for further details. - This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act. Attachment Form of Notification - Award of synthetic shares - Haakon [...]
Oslo, 13 May 2021 - DNO ASA, the Norwegian oil and gas operator, today reported that Kurdistan's Minister of Natural Resources has informed the international oil companies operating in the region of an intention to extend the payment period for arrears built up from non-payment of certain invoices in 2019 and 2020. As widely reported, last December the Prime Minister of Kurdistan announced a decision to pay the companies [...]
Oslo, 6 May 2021 - DNO ASA, the Norwegian oil and gas operator, today reported operating profit of USD 66 million in the first quarter of 2021, following four quarters of losses triggered by market perturbations from the global Covid pandemic. The turnaround was driven by solid production, cost optimization, higher oil prices and regularization of payments from Kurdistan. The Company stepped up spend early in the year [...]
Issuer: DNO ASA ISIN of bond loan: NO0010823347 Date of redemption: 1 June 2021 Redemption amount: USD 100 million Outstanding loan amount after redemption: USD 300 million Redemption price: 103.50% This information is published in accordance with the requirements of the Continuing Obligations....
Oslo, 5 May 2021 - DNO ASA, the Norwegian oil and gas operator, today announced that the Annual General Meeting scheduled for 27 May 2021 will be held at 3:00 pm Norwegian time as an electronic meeting, given the extraordinary situation due to the COVID-19 pandemic and related restrictions. While physical participation will not be possible, all shareholders will be able to participate in the meeting, to ask questions and [...]
Oslo, 3 May 2021 - DNO ASA, the Norwegian oil and gas operator, will publish its Q1 2021 operating and interim financial results on 6 May 2021 at 07:00 . A videoconference call with executive management will follow at 14:00 . Please visit www.dno.no for login details. - 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 [...]
Oslo, 13 April 2021 - DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 54.0 million net to the Company from the Kurdistan Regional Government , of which USD 35.2 million represents DNO's entitlement share of February 2021 crude oil deliveries to the export market from the Tawke license in Kurdistan. Of the balance, USD 4.6 million is an override payment equivalent to three percent of gross [...]