DNO ASA

Oslo, 10 November 2017 - DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 46.53 million from the Kurdistan Regional Government as payment for August 2017 crude oil deliveries to the export market from the Tawke license. The funds will be shared by DNO and partner Genel Energy plc pro-rata to the companies' interests in the license. Separately, a payment of USD 4.27 million from the Kurdistan [...]

Oslo, 9 November 2017 - DNO ASA, the Norwegian oil and gas operator, today announced flow rates of more than 3,000 barrels of oil per day (bopd) from the first zone tested in the Peshkabir-3 well in the Kurdistan region of Iraq. Nine other oil zones and one gas zone have been identified for testing in a 1.2 kilometer horizontal section of Cretaceous and Jurassic reservoir. The Company has fast tracked the development of [...]

Oslo, 16 October 2017 - DNO ASA, the Norwegian oil and gas operator, today reported the first payment from the Kurdistan Regional Government under the recently concluded agreement covering outstanding receivables for past crude oil deliveries. Under the agreement effective 1 August 2017, the Company was assigned the Government's 20 percent interest in the Tawke license as well as three percent of gross Tawke license [...]

Oslo, 11 October 2017 - DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 39.50 million from the Kurdistan Regional Government as payment towards July 2017 crude oil deliveries to the export market from the Tawke license. The funds will be shared pro-rata by DNO and partner Genel Energy plc -- For further information, please contact: Media: media@dno.no Investors: investor.relations@dno.no Tel [...]

Oslo, 14 September 2017 - DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 34.75 million from the Kurdistan Regional Government as payment towards June 2017 crude oil deliveries to the export market from the Tawke license. The funds will be shared pro-rata by DNO and partner Genel Energy plc -- For further information, please contact: Media: media@dno.no Investors: investor.relations@dno.no Tel [...]

Oslo, 8 September 2017 - DNO ASA, the Norwegian oil and gas operator, today announced an agreement with ExxonMobil to join the Baeshiqa license in the Kurdistan region of Iraq. DNO will assume operatorship of the license with a 40 percent paying (32 percent net) interest, acquiring one-half of ExxonMobil's position. ExxonMobil retains a 40 percent paying (32 percent net) interest, the Turkish Energy Company (TEC) its 20 [...]

Oslo, 24 August 2017 -- DNO ASA, the Norwegian oil and gas operator, has been assigned the 20 percent interest in the Tawke license held by the Kurdistan Regional Government as part of a landmark settlement of outstanding receivables owed to the Company for past crude oil deliveries. Following the settlement, DNO holds a 75 percent operated stake in the license containing the Tawke and Peshkabir fields with combined [...]

Oslo, 24 August 2017 - DNO ASA, the Norwegian oil and gas operator, today announced half-year 2017 revenues were up 43 percent from the same period last year following regular export payments in the Kurdistan region of Iraq. Free cash flow jumped four-fold to USD 157 million on operated production of 114,000 barrels of oil equivalent per day (boepd) during the first half of the year. DNO's cash balance rose USD 120 [...]

DNO ASA will release its half-year 2017 results to the Oslo Stock Exchange at 08:00 am CET on 24 August 2017. A management presentation will follow at Lille Sal, Konserthuset, Munkedamsveien 14, Oslo at 10:00 am CET. 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, 22 August 2017 [...]

Oslo, 9 August 2017 - DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 39.59 million from the Kurdistan Regional Government as payment towards May 2017 crude oil deliveries to the export market from the Tawke license. The funds, to be shared pro-rata by DNO and partner Genel Energy plc, include USD 33.21 million towards monthly deliveries and USD 6.39 million towards recovery of outstanding [...]