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...
2 June 2025 - DNO ASA, the Norwegian oil and gas operator, today announced it has engaged Arctic Securities AS, DNB Carnegie and Pareto Securities AS as Joint Bookrunners to arrange fixed income investor meetings. Subject to inter alia market conditions and acceptable terms, a new subordinated hybrid bond issue may follow. - For further information, please contact: Media: media@dno.no Investors: investor.relations@dno.no [...]
Please refer to the attached forms of notification of transactions by primary insiders under the DNO ASA Employee Synthetic Share Program. This notification has been submitted pursuant to the Norwegian Securities Trading Act § 5-12 and MAR Article 19 no. 3. Attachments Form of Notification Automatic Cash Settlement of Synthetic Shares Geir Arne Skau 27 May 2025 Form of Notification Automatic Cash Settlement of Synthetic [...]
Oslo, 22 May 2025 - DNO ASA, the Norwegian oil and gas operator, today announced that the Company's shares will be traded ex-dividend effective 22 May 2025. A dividend payment of NOK 0.3125 per share will be made on or about 2 June 2025 to all shareholders of record as of 23 May 2025. - For further information, please contact: Media: media@dno.no Investors: investor.relations@dno.no - DNO ASA is a Norwegian oil and gas [...]
Please refer to the attached Forms of Notification of transactions by primary insiders. This notification has been submitted pursuant to the Norwegian Securities Trading Act § 5-12 and MAR Article 19 no. 3. Attachments Form of Notification Cash Settlement Geir Arne Skau 16 May 2025 Form of Notification Cash Settlement Tonje Gormley 16 May 2025 Form of Notification Cash Settlement Chris Spencer 16 May 2025...
Oslo, 15 May 2025 - DNO ASA, the Norwegian oil and gas operator, today announced that pursuant to the authorization granted at the Annual General Meeting held on 6 June 2024, the Board of Directors has approved a dividend payment of NOK 0.3125 per share to be made on or about 2 June 2025 to all shareholders of record as of 23 May 2025. DNO shares will be traded ex-dividend as of 22 May 2025. Dividend amount: NOK 0.3125 [...]
Oslo, 15 May 2025 - DNO ASA, the Norwegian oil and gas operator, today reported first quarter 2025 operating profit of USD 28 million on the back of USD 188 million in revenues, both showing a quarter-on-quarter increase. In a quarter marked by the announcement of its transformative USD 1.6 billion acquisition of Norway's Sval Energi Group AS, DNO continued to deliver strong operational performance. Net production rose [...]