14 March 2025 - DNO ASA, the Norwegian oil and gas operator, today completed the private placement of USD 600 million of new five-year senior unsecured bonds with a coupon rate of 8.5 percent. The bond placement met strong investor demand across US, Nordic and international markets and was significantly oversubscribed. "With this issue, we extend our flawless record to 20 successful bond placements over the past 24 years [...]
11 March 2025 - DNO ASA, the Norwegian oil and gas operator, today announced it has engaged DNB Markets, a part of DNB Bank ASA, and Pareto Securities AS as Global Coordinators and Joint Bookrunners, to arrange fixed income investor meetings. Clarksons Securities AS, Fearnley Securities AS and SpareBank 1 Markets AS have been retained as Co-Lead Managers. Subject to inter alia market conditions and acceptable terms, a new [...]
Oslo, 7 March 2025 - DNO ASA, the Norwegian oil and gas operator, today announced it has reached agreement to acquire 100 percent of the shares 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 Sval Energi assets are complementary to DNO's North Sea portfolio and will add scale and diversification to solidify the Company's position as [...]
Oslo, 5 March 2025 - DNO ASA, the Norwegian oil and gas operator, today confirmed a gas/condensate discovery on the Mistral prospect in the Norwegian Sea license PL1119 in which the Company's wholly-owned subsidiary DNO Norge AS recently acquired a 10 percent interest. The well encountered a 45-meter hydrocarbon column with good reservoir properties in the Garn Formation. Preliminary estimates of gross recoverable [...]
Oslo, 13 February 2025 - DNO ASA, the Norwegian oil and gas operator, today announced that the Company's shares will be traded ex-dividend effective 13 February 2025. A dividend payment of NOK 0.3125 per share will be made on or about 21 February 2025 to all shareholders of record as of 14 February 2025. - For further information, please contact: Media: media@dno.no Investors: investor.relations@dno.no - DNO ASA is a [...]
Oslo, 6 February 2025 - DNO ASA, the Norwegian oil and gas operator, today reported 2024 revenues of USD 667 million on the back of stellar production in the Kurdistan region of Iraq in a year marked by continuing North Sea expansion. Cash from operations increased nearly 50 percent to USD 433 million year-on-year. Operating profit dropped to USD 6 million reflecting the Company's decision to take non-cash impairments of [...]
Oslo, 6 February 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 21 February 2025 to all shareholders of record as of 14 February 2025. DNO shares will be traded ex-dividend as of 13 February 2025. Dividend [...]
Oslo, 16 January 2025 - DNO ASA, the Norwegian oil and gas operator, will publish its Q4 2024 operating and interim financial results on 6 February at 07:00 . A videoconference call with executive management will follow at 14:00 . Today the Company provides an update on production, sales volumes and other selected information for the quarter. Volumes Gross operated production Q4 2024 Q3 2024 Q4 2023 Kurdistan 74,163 [...]
Oslo, 14 January 2025 - DNO ASA, the Norwegian oil and gas operator, today announced that its wholly-owned subsidiary DNO Norge AS has been awarded participation in 13 exploration licenses, of which four are operatorships, under Norway's Awards in Predefined Areas 2024 licensing round. Of the 13 new licenses, 10 are in the North Sea and three in the Norwegian Sea. At yearend 2024, DNO held interests in 84 licenses [...]
Oslo, 19 December 2024 - DNO ASA, the Norwegian oil and gas operator, today announced that the Company's wholly-owned subsidiary DNO Norge AS has entered into a swap agreement with OKEA ASA to farm into a 10 percent interest in PL1119 containing the Mistral prospect. In exchange, OKEA will pick up a 10 percent interest in PL1109 containing the Horatio prospect. The Mistral prospect is located just south of the Åsgard area [...]
Oslo, 17 December 2024 - DNO ASA, the Norwegian oil and gas operator, today announced an oil and gas discovery on the Ringand prospect in the Norwegian North Sea license PL923/923B in which the Company's wholly-owned subsidiary DNO Norge AS holds a 20 percent interest. Preliminary estimates of gross recoverable resources are in the range of 2-13 million barrels of oil equivalent on a P90-P10 basis with a mean of 10 MMboe [...]
Oslo, 9 December 2024 - DNO ASA, the Norwegian oil and gas operator, today announced that its operated Trym field in the Norwegian North Sea license PL147 is back on production after a five-year shutdown during which TotalEnergies redeveloped the Tyra field infrastructure in the Danish North Sea to which Trym is tied back. First commissioned in 2011, Trym is expected to contribute 3,000 barrels of oil equivalent per day [...]
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