DNO ASA

DNO ASA, the Norwegian oil and gas operator, today announces an increased and final cash offer of 160 pence for each Faroe Share. The consideration under the Final Offer implies a value of approximately £641.7 million for the fully diluted share capital of Faroe, including shares already held by DNO. The full release can be accessed at the following link:

Oslo, 3 January 2019 - DNO ASA, the Norwegian oil and gas operator, today announced that its subsidiary DNO Oman Block 8 Limited has relinquished operatorship and participation in Oman Block 8 to the Sultanate of Oman's Ministry of Oil and Gas and state-owned Oman Oil Company Exploration and Production LLC . A handover ceremony was held in Muscat today in the presence of MOG Undersecretary Salim Al Aufi, together with [...]

DNO ASA's scheduled financial reporting in 2019 is as follows: Full-year 2018 presentation: 7 February 2019 Operating and financial update: 11 April 2019 Half-year 2019 presentation: 31 July 2019  Operating and financial update: 31 October 2019 The Company's 2018 Annual Report will be released on 27 March 2019 and the Company's Annual General Meeting is scheduled for 29 May 2019.  DNO reserves the right to revise the [...]

DNO notes the announcement made by Faroe Petroleum today 5th December 2018, regarding a Norwegian Asset Swap with Equinor. "This is a significant deal for Faroe, and we need to understand it before making a judgement. While Faroe has asserted this is not designed to stop the DNO offer, we need to ask if this is good value for a company seeking growth: to swap out of its high quality, large scale, core growth hub, Njord [...]

DNO ASA, the Norwegian oil and gas operator, today announced the terms of an offer to be made by DNO ASA for the whole of the issued and to be issued share capital of Faroe Petroleum plc. The Offer will be 152 pence in cash for each Faroe Share, valuing Faroe's existing issued and to be issued share capital at approximately £607.9 million. Of the Offer value of approximately £443.8 million on a fully diluted basis, £402.6 [...]

Oslo, 1 November 2018 - DNO ASA, the Norwegian oil and gas operator, today announced a rise in third quarter 2018 net profit to USD 63 million from operating revenue of USD 171 million on the back of solid production, regular export payments and higher oil prices. Operated production averaged 117,600 barrels of oil equivalent per day during the quarter including 81,500 boepd on a company working interest basis. DNO [...]

Oslo, 9 October 2018 - DNO ASA, the Norwegian oil and gas operator, today announced production at the Peshkabir field in the Kurdistan region of Iraq has ramped up to 50,000 barrels of oil per day , meeting the end-2018 target ahead of schedule and below budget. One of two recently completed wells, Peshkabir-7, is producing over 10,000 bopd from nine Cretaceous zones through temporary test facilities and exported. The [...]

Oslo, 13 September 2018 - DNO ASA, the Norwegian oil and gas operator, today held an Extraordinary General Meeting in Oslo at which 99.99 percent of the votes cast approved the resolution to distribute a dividend of NOK 0.20 per share to all shareholders holding shares as of 13 September 2018. By the same margin, shareholders also authorised the Board of Directors to approve an additional dividend payment of NOK 0.20 per [...]

DNO ASA, the Norwegian oil and gas operator, today announced the withdrawal of its request to Faroe Petroleum plc for a meeting of shareholders of the company in which it holds a 28.23 percent stake, and issued the following statement: DNO ASA] withdraws the request for an Extraordinary General Meeting to consider its representation on Faroe Petroleum plc's board of directors and notes with deep disappointment Faroe [...]

Oslo, 23 August 2018 - An Extraordinary General Meeting of DNO ASA will be held on 13 September 2018 at 10:30 am Oslo time at Felix Conference Centre, Conference Hall Felix 2, Bryggetorget 3, Aker Brygge, Oslo, Norway. In line with the Company's previous announcement on 16 August 2018 regarding a planned dividend distribution, the DNO Board of Directors has called for the Extraordinary General Meeting to seek approval for [...]