DNO International Reports New Offshore Well Tests 7,000 Barrels per Day

01.11.2012  |  Globenewswire Europe

Oslo, 1 November 2012 -- DNO International ASA ("DNO International"), the
Norwegian oil and gas company, announced today that the just completed West
Bukha-4 well, Block 8 offshore the Sultanate of Oman, flowed on a 54/64 inch
choke 7,000 barrels of 39º API oil and 15 million cubic feet of gas per day
through a test separator. West Bukha-4 will be connected to the export pipeline
system within days and, at the initial test rates, is expected to nearly double
current oil production from the West Bukha field to 15,000 barrels per day.

The longest reach well drilled offshore Oman at nearly 6,000 meters, West Bukha-
4 targets an area not penetrated by previous drilling and is the second of a
three well drilling campaign initiated last year in Block 8. DNO International
holds a 50 percent interest in and operates the block containing the West Bukha
and Bukha fields and their respective platforms. Korea's LG International holds
the remaining 50 percent interest.

Elsewhere, in Block 43, Republic of Yemen, the Nabrajah-21 well has been
completed as an infill well in the Nabrajah field. Nabrajah-21, the first
horizontal well drilled by DNO International into the Qishn producing interval,
is averaging 800 barrels of oil per day and has increased daily Nabrajah field
production to 2,200 barrels. DNO International operates Block 43 with a 56.67
interest. Following this positive outcome, the Company has commenced drilling a
second horizontal well in Block 43, Nabrajah-20, before moving the rig to Block
47 to drill the Yaalen-3 well as part of the Yaalen field development plan.

"We are of course very pleased with these results as we continue both to build
and to diversify the Company's production through an active drilling program
across the portfolio," said Bijan Mossavar-Rahmani, DNO International's
Executive Chairman.

DNO International recorded production of 41,545 barrels of oil equivalent per
day on a Company Working Interest (CWI) basis in the third quarter, up from
23,234 barrels of oil equivalent per day in the second quarter of 2012. The
increase is a result of resumption of oil exports from the Tawke field in
Kurdistan Region of Iraq in early August and resumption of oil and gas
production from the West Bukha field in early September following the previously
reported replacement of a blocked section of the offshore pipeline connecting
the field to export facilities.

--- DNO International ASA is an Oslo-listed, Middle East and North Africa
focused, oil and gas company holding stakes in 17 licenses in various stages of
exploration, development and production both onshore and offshore in the
Kurdistan Region of Iraq, the Republic of Yemen, the Sultanate of Oman, the
United Arab Emirates and the Tunisian Republic. http://www.dno.no
---

Oslo, 1 November 2012

DNO International ASA
Corporate Communications

Queries: Tom Bratlie (tom.bratlie@dno.no or tel: +47 905 21 904)

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)




This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: DNO International ASA via Thomson Reuters ONE
[HUG#1654321]




Unternehmen: DNO International ASA - ISIN: NO0003921009