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DNO International Reports Record Output; Third Quarter Results Released Today

15.11.2012  |  Globenewswire Europe
Oslo, 15 November 2012 -- DNO International ASA, the Norwegian oil and gas
company, today announced that gross production across its oil and gas portfolio
has exceeded 100,000 barrels of oil equivalent (boe) per day for the first time,
split two-thirds from the Kurdistan region of Iraq and the balance from Oman and
Yemen. On a Company Working Interest (CWI) basis, DNO International's share is
around 60,000 boe.

Production during the third quarter stood at 41,545 boe per day on a CWI basis,
up from 36,773 boe per day in the third quarter 2011. The latest increases in
production reflect resumption of exports from the Tawke field in Kurdistan as
from August, the September resumption of production from the West Bukha field
offshore Oman following pipeline repair work and the completion and tie-back in
November of two new wells which have led to a more than doubling of production
from Block 8.

Wells currently drilling across the portfolio are expected to add another
30,000 boe per day to gross production by the end of 2012.

DNO International presents its financial and operating results today in Oslo at
08:00 CET. In releasing its interim financial results, the Company reported
EBITDA of NOK 267 million and net profit of NOK 98 million on operating revenues
of NOK 541 million in the third quarter of 2012. A live webcast of the
presentation as well as the full third quarter 2012 interim report will be
available on the Company website (www.dno.no).


--- 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, 15 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 pursuant to section
5-12 of the Norwegian Securities Trading Act.


DNO Q3 Interim report:
http://hugin.info/36/R/1658200/536546.pdf

DNO Q3 Presentation:
http://hugin.info/36/R/1658200/536547.pdf



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#1658200]




Unternehmen: DNO International ASA - ISIN: NO0003921009
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