DNO ASA

Oslo,?1?April?2020?-?DNO?ASA, the Norwegian oil and gas operator, today reported receipt of USD?77,235,229?as payment for?October 2019?crude oil deliveries to the export market from the Tawke license in the Kurdistan region of Iraq. The funds will be shared by DNO and partner Genel Energy plc pro-rata to the companies' interests in the license.? Separately, a payment of USD?5,712,176?has been received net to DNO [...]

Oslo, 18 March 2020 - DNO ASA, the Norwegian oil and gas operator, today announced a 30 percent or USD 300 million reduction in its 2020 budget to shore up its balance sheet in the face of unprecedented market convulsions and plunging oil prices triggered by the coronavirus pandemic. Steps have already been taken to suspend most discretionary drilling and capital projects across the Company’s portfolio and to focus [...]

Oslo, 3 March 2020 - DNO ASA, the Norwegian oil and gas operator, today purchased USD 2.0 million in nominal value of FAPE01 bonds originally issued by Faroe Petroleum plc, and renamed DNO North Sea plc. The bonds were purchased at a price of 106.875. Following the bond buyback, USD 14.2 million in nominal value of the FAPE01 bonds remain outstanding with DNO ASA holding the balance of USD 71.6 million. The FAPE01 bonds [...]

Gunnar Hirsti, board member of DNO ASA, has on 2 March 2020 bought 100,000 shares in DNO ASA, at an average price of NOK 6.5432 per share. Following this transaction, he holds 350,000 shares in DNO ASA through Hirsti Invest AS. -- This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act....

Oslo, 28 February 2020 – DNO ASA, the Norwegian oil and gas operator, announced that shareholders overwhelmingly approved the resolution to cancel all 108,381,415 own shares held by the Company at an Extraordinary General Meeting held today in Oslo. The canceled shares represented 10 percent of DNO shares outstanding. The minutes from the Extraordinary General Meeting are attached. -- For further information, please [...]

Oslo, 7 February 2020 – DNO ASA, the Norwegian oil and gas operator, today announced that the Extraordinary General Meeting scheduled for 28 February 2020 will be held at 10:00 am at the Company's offices located at Dokkveien 1, Oslo. The purpose of the meeting will be to seek shareholder approval to cancel all 108,381,415 own shares currently held by the Company. The formal notice of the Extraordinary General [...]

Oslo, 6 February 2020 - DNO ASA, the Norwegian oil and gas operator, today reported interim 2019 revenues of USD 971 million, the highest in the Company's 48-year history, on the back of acquisitions and a record drilling campaign driving a 28 percent year-on-year increase in Company Working Interest production to 104,800 barrels of oil equivalent per day . Net profit last year stood at USD 74 million. The Company exited [...]

DNO ASA, the Norwegian oil and gas operator, will release its 2019 interim results to the Oslo Stock Exchange at 7:00 am Oslo time on 6 February 2020. A management presentation will follow at Felix 2, Bryggetorget 3, 0250 Oslo at 10:00 am Oslo time. A live webcast of the presentation will be available on www.dno.no and an archived version of the webcast will be posted on the Company’s website. The presentation will be in [...]

Oslo, 4 February 2020 - DNO ASA, the Norwegian oil and gas operator, today announced that its Board of Directors has called an Extraordinary General Meeting on 28 February 2020 to seek shareholder approval to cancel all 108,381,415 own shares held by the Company. Acquisition of the 10 percent stake was completed last month at a weighted average price of NOK 10.61. -- For further information, please contact: Media [...]

Oslo, 15 January, 2020 - DNO ASA, the Norwegian oil and gas operator, today purchased USD 5.0 million in nominal value of FAPE01 bonds originally issued by Faroe Petroleum plc, and renamed DNO North Sea plc. The bonds were purchased at a price of 107.125. Following the bond buyback, USD 16.2 million in nominal value of the FAPE01 bonds remain outstanding with DNO ASA holding the balance of USD 69.6 million. The FAPE01 [...]