DNO ASA

Oslo, 21 August 2025 - DNO ASA, the Norwegian oil and gas operator, today reported strong second quarter results with revenue up 37 percent to USD 258 million from the prior quarter and operating profit up 206 percent to USD 86 million, even with the contribution from the transformative USD 1.6 billion acquisition of Sval Energi Group AS in Norway recorded only as from 1 June 2025. Net production during the quarter [...]

Oslo, 24 July 2025 - DNO ASA, the Norwegian oil and gas operator, will publish its Q2 2025 operating and interim financial results on 21 August at 07:00 . A videoconference call with executive management will follow at 10:00 . Today the Company provides an update on production, sales volumes and other selected information for the quarter. Volumes Gross operated production Q2 2025 Q1 2025 Q2 2024 Kurdistan 74,760 82,081 [...]

Oslo, 21 July 2025 - DNO ASA, the Norwegian oil and gas operator, today confirmed a gas and condensate discovery on the Vidsyn prospect close to its producing Fenja oil and gas field, both within the Norwegian Sea license PL586. The Company has a 25 percent stake in the license, up from 7.5 percent prior to the recent acquisition of Sval Energi Group AS last month. Preliminary estimates put gross recoverable resources in [...]

Oslo, 16 July 2025 - DNO ASA, the Norwegian oil and gas operator, reports that operations at its Tawke license in the Kurdistan region of Iraq have been temporarily suspended following three explosions early this morning, one involving a small storage tank at Tawke and the other involving surface processing equipment at Peshkabir. There have been no injuries. The damage assessment is underway and the Company expects to [...]

Oslo, 2 July 2025 - DNO ASA, the Norwegian oil and gas operator, today announced that the Company's wholly-owned Norway operating subsidiaries have entered into an offtake agreement with France's ENGIE SA for DNO's Norwegian gas production and secured a related offtake financing facility with a major US bank for up to USD 500 million. The offtake agreement covers the entirety of DNO's Norwegian gas production post [...]

Oslo, 1 July 2025 - DNO ASA, the Norwegian oil and gas operator, today announced that the Financial Supervisory Authority of Norway on 1 July 2025 approved the prospectus prepared in connection with the listing on the Oslo Stock Exchange of the Company's 8.5 percent USD 600 million senior unsecured callable bonds issued on 27 March 2025 with maturity in March 2030 . Trading in the bonds is expected to commence shortly [...]

Oslo, 12 June 2025 - DNO ASA, the Norwegian oil and gas operator, today announced the completion of the acquisition of Sval Energi Group AS from HitecVision for a cash consideration of USD 450 million based on an enterprise value of USD 1.6 billion. The acquired portfolio comprises 16 producing fields in Norway, quadrupling DNO's North Sea production to 80,000 barrels of oil equivalent per day . The Company's North Sea [...]

Attached are forms of notification of transactions by primary insiders relating to automatic cash settlement of synthetic shares awarded by shareholders at the 2023 and 2024 Annual General Meetings, which fully vested on the date of the 2025 AGM. New synthetic shares were awarded by shareholders to the directors of the Company at the 2025 AGM with two-year vesting. This notification has been submitted pursuant to the [...]

5 June 2025 - DNO ASA, the Norwegian oil and gas operator, today completed a private placement of USD 400 million of subordinated hybrid bonds with a coupon rate of 10.75 percent. The hybrid bonds will have the first call at 100 percent of nominal value after 5.5 years, with coupon step-up after six years and maturity in 2085. The bond placement met strong investor demand across US, Nordic and international markets and [...]

Oslo, 5 June 2025 - DNO ASA, the Norwegian oil and gas operator, today held its 2025 Annual General Meeting in Oslo, Norway. All resolutions received shareholder approval. 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 DNO ASA - AGM minutes 2025...