DNO International Initiates Record Production from First Tawke Horizontal Well

oil and gas company, announced today that it has initiated production from the
first horizontal well in the Tawke field in the Kurdistan region of Iraq at a
record rate of 25,000 barrels of oil a day.
The Company previously reported that the Tawke-20 well had flowed an average of
8,000 barrels a day from each of the first four of ten fractured corridors
penetrated by a 600-metre horizontal section in the Cretaceous reservoir
interval of the field. Each of the remaining six corridors also flowed an
average of 8,000 barrels a day. Following completion of testing, the well has
been placed on production but is subject to wellbore and surface facilities
limitations. Currently, the most productive vertical well in the Tawke field is
flowing at an average daily rate of 10,000 barrels.
"We are pleased with the exceptional results from this well and excited about
the prospects for horizontal drilling at Tawke," said Bijan Mossavar-Rahmani,
DNO International's Executive Chairman. "Our next task is to optimize production
from Tawke-20 while assessing the potential of horizontal wells in terms of
drilling efficiency, well recovery factor and overall Tawke field output
capacity," he added.
Drilling operations are underway at a second horizontal well, Tawke-23, and the
Company is preparing to commence drilling of a third horizontal well, Tawke-21.
DNO International holds a 55 percent interest in and operates the Tawke license.
Genel Energy plc holds 25 percent and the Kurdistan Regional Government the
remaining 20 percent interest.
--- DNO International ASA is an Oslo-listed, Middle East and Africa focused, oil
and gas company holding stakes in 20 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,
the Tunisian Republic and Somaliland. http://www.dno.no ---
Oslo, 22 July 2013
DNO International ASA
Corporate Communications
Queries: Bjørn Dale (bjorn.dale@dno.no or +47 909 79 889)
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Source: DNO International ASA via Thomson Reuters ONE
[HUG#1717748]
Unternehmen: DNO International ASA - ISIN: NO0003921009