DNO ASA

Oslo, 18 September 2020 – DNO ASA, the Norwegian oil and gas operator, today released its 2019 Social Corporate 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 [...]

Oslo, 11 September 2020 – DNO ASA, the Norwegian oil and gas operator, today announced that the USD 110 million Peshkabir Gas Capture and Injection Project in its Tawke license in the Kurdistan region of Iraq is onstream and has reached the one billion cubic feet of gas injection milestone. The project is expected to reduce annual emissions from the Company’s operated production by over 300,000 tonnes of ?CO2 equivalent [...]

Oslo, 10 September 2020 – DNO ASA, the Norwegian oil and gas operator, today purchased USD 1 million in nominal value of FAPE01 bonds originally issued by Faroe Petroleum plc, and renamed DNO North Sea plc. The bonds were purchased at a price of 104.25. Following the bond buyback, USD 9.2 million in nominal value of the FAPE01 bonds remain outstanding with DNO ASA holding the balance of USD 76.6 million. The FAPE01 bonds [...]

Oslo, 8 September 2020 – DNO ASA, the Norwegian oil and gas operator, today announced that the reduction of its share capital by cancellation of all 108,381,415 own shares held by the Company, approved by shareholders at a 28 February 2020 Extraordinary General Meeting, has been completed. The creditor notice period for the share capital reduction expired on 14 April 2020 without any objections and the new share capital [...]

Oslo, 17 August 2020 – DNO ASA, the Norwegian oil and gas operator, today purchased USD 4 million in nominal value of FAPE01 bonds originally issued by Faroe Petroleum plc, and renamed DNO North Sea plc. The bonds were purchased at a price of 104.50. Following the bond buyback, USD 10.2 million in nominal value of the FAPE01 bonds remain outstanding with DNO ASA holding the balance of USD 75.6 million. The FAPE01 bonds [...]

Oslo, 30 July 2020 – DNO ASA, the Norwegian oil and gas operator, today reported stepped up investments across its portfolio on the back of higher production and significantly improved liquidity outlook as the Company recovers from the oil market turmoil that upended the second quarter of 2020. Operated production in July at the Company’s flagship Tawke license in the Kurdistan region of Iraq is up 15,000 barrels of oil [...]

Oslo, 23 July 2020 – DNO ASA, the Norwegian oil and gas operator, will publish its operating and financial results for the first half of 2020 on 30 July 2020 at 07:00 . A teleconference call with executive management will be hosted at 10:00 . To participate in the call, please sign up at least an hour in advance by sending an email message with caller details to investor.relations@dno.no at which time you will be provided [...]

?Oslo, 27 May 2020 - DNO ASA, the Norwegian oil and gas operator, today held its 2020 Annual General Meeting at 3:00 pm in Oslo. All resolutions received near unanimous approval from shareholders. The minutes from the meeting and the newly approved Articles of Association are attached. -- This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act [...]

Oslo, 27 May 2020 – DNO ASA, the Norwegian oil and gas operator, today provided production and spend guidance for the balance of the year ahead of its Annual General Meeting this afternoon. The Company reported that it has implemented the target 35 percent reductions across all spend categories to shrink its 2020 budget by USD 350 million to USD 640 million in response to turbulence and uncertainty in global oil and [...]

Oslo, 7 May 2020 – DNO ASA, the Norwegian oil and gas operator, today reported that it had identified and implemented 2020 budget cuts of USD 350 million or 35 percent across all spend categories as the Company moved early and quickly to protect its personnel and operations and preserve its cash position in response to the the devastating impact of the coronavirus pandemic. The Company exited the first quarter of 2020 [...]