DNO ASA

Oslo, 9 March 2021 - DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 42.4 million net to the Company from the Kurdistan Regional Government , of which USD 31.9 million represents DNO's entitlement share of January 2021 crude oil deliveries to the export market from the Tawke license in Kurdistan. Of the balance, USD 4.3 million is an override payment equivalent to three percent of gross January [...]

Geir Arne Skau, HR Director, has on 18 February 2021 bought 15,000 shares in DNO ASA, at an average price of NOK 7.87 per share. Following the transaction, he holds 25,750 shares in DNO ASA. - This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act....

Oslo, 16 February 2021 - DNO ASA, the Norwegian oil and gas operator, today announced it replaced 87 percent of 2020 production through additions to its proven reserves notwithstanding reduced activity in the wake of low oil prices. In the Kurdistan region of Iraq, the Company replaced 111 percent of last year's production through additions to 1P reserves. Yearend 2020 Company Working Interest 1P reserves totaled 201 [...]

Oslo, 11 February 2021 - DNO ASA, the Norwegian oil and gas operator, today reported interim 2020 revenues of USD 615 million, down a third from a year earlier in the wake of weak oil prices triggered by the pandemic and global economic contraction. Net production totaled 95,100 barrels of oil equivalent per day , down nine percent, as the Company cut spending to preserve cash. For the full year, DNO reported a net loss [...]

Oslo, 11 February 2021 - DNO ASA, the Norwegian oil and gas operator, today announced the acquisition of ExxonMobil's 32 percent interest in the Baeshiqa license in the Kurdistan region of Iraq, doubling DNO's operated stake to 64 percent , pending government approval. The Company plans to continue an exploration and appraisal program on the license while fast tracking early production from existing wells in 2021. DNO has [...]

Oslo, 8 February 2021 - DNO ASA, the Norwegian oil and gas operator, will publish its 2020 operating and interim financial results on 11 February 2021 at 07:00 . A videoconference call with executive management will follow at 14:00 . Please visit www.dno.no for login details. - For further information, please contact: Media: media@dno.no Investors: investor.relations@dno.no - DNO ASA is a Norwegian oil and gas operator [...]

Oslo, 5 February 2021 - DNO ASA, the Norwegian oil and gas operator, today confirmed an oil and gas discovery on the Røver Nord prospect in the Norwegian North Sea license PL923 in which the Company holds a 20 percent interest. Preliminary estimates of gross recoverable resources are in the range of 45-70 million barrels of oil equivalent , well above pre-drill estimates. The exploration well encountered a 45 meter gas [...]

Oslo, 19 January 2021 – DNO ASA, the Norwegian oil and gas operator, today announced that its wholly-owned subsidiary DNO Norge AS has been awarded participation in 10 exploration licenses, of which 4 are operatorships, under Norway's Awards in Predefined Areas 2020 licensing round. Of the 10 new licenses, six are in the North Sea and four in the Norwegian Sea. Prior to today's announcement, DNO held interests in 76 [...]

Oslo, 18 January 2021 – DNO ASA, the Norwegian oil and gas operator, today announced net production of 95,100 barrels of oil equivalent per day across its portfolio in 2020, notwithstanding the sharp decline in planned spending to preserve cash following the market turmoil triggered by the Covid-19 pandemic. Gross operated production from the Company’s flagship Tawke license in the Kurdistan region of Iraq, about evenly [...]

Oslo, 29 October 2020 – DNO ASA, the Norwegian oil and gas operator, today reported boosting Kurdistan output to 113,700 barrels of oil per day in the third quarter, reversing declines triggered by oil market convulsions in the wake of Covid-19. Production from the DNO-operated Tawke and Peshkabir fields was up 12 percent from the prior quarter following a campaign of quick turnaround, low cost well interventions and the [...]