Oslo, 31 July 2019 - DNO ASA, the Norwegian oil and gas operator, today announced solid first half 2019 financial and operating results as the Company continued to deliver the largest drilling program in its 48-year history. H1 2019 revenue totalled USD 470 million, up 62 percent from the same period last year, while net profit doubled to USD 119 million. DNO’s Company Working Interest production averaged 107,100 [...]
DNO ASA, the Norwegian oil and gas operator, will release its half-year 2019 results to the Oslo Stock Exchange at 8:00 am Oslo time on 31 July 2019. A management presentation will follow at Felix 2, Bryggetorget 3, 0250 Oslo at 10:00 am Oslo time. A live webcast of the presentation will be available on www.dno.no and an archived version of the webcast will be posted on the Company’s website. The presentation will be in [...]
Oslo, 29 May 2019 – DNO ASA, the Norwegian oil and gas operator, today purchased USD 5.0 million in nominal value of FAPE01 bonds originally issued by Faroe Petroleum plc, now a wholly-owned subsidiary of the Company and renamed DNO North Sea plc. The bonds were purchased at a price of 107.25. Following the bond buyback, USD 68.2 million in nominal value of the FAPE01 bonds remain outstanding with DNO holding the balance [...]
Oslo, 29 May 2019 - DNO ASA, the Norwegian oil and gas operator, today held its 2019 Annual General Meeting at 10:00 am in Oslo. All resolutions received 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. Attachment Minutes from 2019 AGM...
Oslo, 27 March 2019 - DNO ASA, the Norwegian oil and gas operator, today released its 2018 Annual Report and Accounts together with its Corporate Social Responsibility Highlights 2018 and Country-by-Country Report 2018. The reports are attached as downloadable files and also available on the Company's website www.dno.no. -- For further information, please contact: Media: media@dno.no Investors: investor.relations@dno.no [...]
Oslo, 15 March 2019 - DNO ASA, the Norwegian oil and gas operator, today announced that the Company's shares will be traded ex-dividend effective 15 March 2019. A dividend payment of NOK 0.20 per share will be made on or about 27 March 2019 to all shareholders of record as of 18 March 2019. -- For further information, please contact: Media: media@dno.no Investors: investor.relations@dno.no Tel: +47 911 57 197 -- [...]
Lars Takla, the deputy chairman of the Board of Directors of DNO ASA, has on 19 February 2019 bought 10,000 shares in DNO ASA, at an average price of NOK 18.1219 per share. Following this transaction, Mr. Takla holds 30,000 shares in DNO ASA. Separately, Mr. Takla is the majority shareholder of Takla Energy AS, which owns 10,000 shares in DNO ASA. -- This information is subject to the disclosure requirements pursuant to [...]
DNO ASA's schedule of financial reporting for the remainder of 2019 is as follows: Operating and financial update: 8 May 2019 Half-year 2019 presentation: 31 July 2019 Operating and financial update: 31 October 2019 The Company's 2018 Annual Report will be released on 27 March 2019 and the Company's Annual General Meeting is scheduled for 29 May 2019. DNO reserves the right to revise the above dates. Oslo, 11 [...]
Oslo, 11 February 2019 - DNO ASA, the Norwegian oil and gas operator, today announced it replaced 2018 production through additions to reserves, marking the second consecutive year in which the Company's replacement of proven reserves reached or exceeded 100 percent of production. "DNO's stellar record of reserves replacement through the drill bit is a result of stepped up spending on our portfolio of quality assets [...]
Oslo, 7 February 2019 - DNO ASA, the Norwegian oil and gas operator, today announced 2018 net profit of USD 354 million on revenues of USD 829 million, the highest annual revenues in the Company's 47-year history. Cash flow from operations increased 40 percent to USD 472 million in 2018, of which USD 334 million represented free cash flow. Operated production averaged 117,600 barrels of oil equivalent per day including [...]
Oslo, 6 February 2019 - DNO ASA, the Norwegian oil and gas operator, today announced that, pursuant to the authorization granted at the Extraordinary General Meeting held on 13 September 2018, the Board of Directors has approved a dividend payment of NOK 0.20 per share to be made on or about 27 March 2019 to all shareholders of record as of 18 March 2019. DNO shares will be traded ex-dividend as of 15 March 2019. Dividend [...]
DNO ASA will release its 2018 interim results to the Oslo Stock Exchange at 08:00 am Oslo time on 7 February 2019. A management presentation will follow at Lille Sal, Konserthuset, Munkedamsveien 14, Oslo at 10:00 am Oslo time. A live webcast of the presentation will be available on www.dno.no and an archived version of the webcast will be posted on the Company's website. The presentation will be in English. Oslo, 5 [...]