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DNO ASA (DNO.OL)

DNO.OL on Oslo Stock Exchange

13.80NOK
21 Jun 2018
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Latest Key Developments (Source: Significant Developments)

DNO receives $62.2 mln for Tawke oil deliveries in March
Wednesday, 20 Jun 2018 

June 20 (Reuters) - DNO ASA ::SAYS RECEIVED USD 62.19 MILLION FROM KURDISTAN REGIONAL GOVERNMENT IN IRAQ FOR CRUDE OIL DELIVERIES TO EXPORT MARKETS FROM TAWKE FIELD.SAYS RECEIVED A SEPARATE PAYMENT OF NET USD 5.58 MILLION, REPRESENTING THREE PERCENT OF GROSS TAWKE LICENSE REVENUES DURING MARCH.DNO OPERATES AND HAS 75 PCT STAKE INTEREST IN THE TAWKE LICENSE, WHICH CONTAINS TAWKE AND PESHKABIR FIELDS.  Full Article

DNO ASA Says Contemplating Issuance Of New 5 Year Senior Unsecured Bond With Minimum Size Of USD 400 mln Through Private Placement
Wednesday, 16 May 2018 

May 16 (Reuters) - DNO ASA ::DNO ASA SAYS IS CONTEMPLATING ISSUANCE OF A NEW, FIVE-YEAR SENIOR UNSECURED BOND WITH A MINIMUM SIZE OF USD 400 MILLION THROUGH A PRIVATE PLACEMENT.DNO ASA-NET PROCEEDS FROM CONTEMPLATED BOND ISSUE WILL BE USED TOWARDS REFINANCING OF DNO'S EXISTING DNO01 BOND AND GENERAL CORPORATE PURPOSES.  Full Article

DNO received $56.44 million Kurdish payment
Wednesday, 18 Apr 2018 

April 18 (Reuters) - DNO ASA ::DNO REPORTS PAYMENT FOR TAWKE DELIVERIES.TODAY REPORTED RECEIPT OF USD 56.44 MILLION FROM KURDISTAN REGIONAL GOVERNMENT.PAYMENT IS FOR JANUARY 2018 CRUDE OIL DELIVERIES TO EXPORT MARKET FROM TAWKE LICENSE.FUNDS WILL BE SHARED BY DNO AND PARTNER GENEL ENERGY PLC PRO-RATA TO COMPANIES' INTERESTS IN LICENSE.SEPARATELY, A PAYMENT OF USD 5.24 MILLION FROM KURDISTAN REGIONAL GOVERNMENT HAS BEEN RECEIVED NET TO DNO, REPRESENTING THREE PERCENT OF GROSS TAWKE LICENSE REVENUES DURING JANUARY.DNO OPERATES AND HAS A 75 PERCENT INTEREST IN TAWKE LICENSE, WHICH CONTAINS TAWKE AND PESHKABIR FIELDS.  Full Article

DNO Acquires Further 1 Pct Stake In Faroe Petroleum, Now Owns 28.7 Pct Of Faroe
Friday, 13 Apr 2018 

April 13 (Reuters) - Dno Asa ::ACQUIRED 3.7 MILLION SHARES IN FAROE PETROLEUM AT GBP 1.25 PER SHARE REPRESENTING 1.02 PERCENT OF OUTSTANDING SHARES IN FAROE PETROLEUM.DNO NOW OWNS 105.2 MILLION SHARES REPRESENTING 28.71 PERCENT OF OUTSTANDING SHARES IN FAROE PETROLEUM.  Full Article

DNO raises stake in Faroe Petroleum​ to 27.7 pct
Thursday, 5 Apr 2018 

April 5 (Reuters) - Dno Asa ::DNO ACQUIRES ADDITIONAL SHARES IN FAROE PETROLEUM.‍HAS ACQUIRED 8,487,838 SHARES IN FAROE PETROLEUM PLC AT A PRICE OF GBP 1.25 PER SHARE REPRESENTING 2.32 PERCENT OF OUTSTANDING SHARES​.‍FOLLOWING THREE TRANSACTIONS, DNO WILL OWN 101,503,663 SHARES REPRESENTING 27.68 PERCENT OF OUTSTANDING SHARES IN FAROE PETROLEUM​.  Full Article

DNO ASA ‍Acquires Additional Shares In Faroe Petroleum​
Thursday, 5 Apr 2018 

April 5 (Reuters) - DNO Asa ::‍ACQUIRES ADDITIONAL SHARES IN FAROE PETROLEUM​.ACQUIRED 8.5 MILLION SHARES IN FAROE PETROLEUM AT A PRICE OF GBP 1.25 PER SHARE, REPRESENTING 2.32 PERCENT OF FAROE ​.  Full Article

DNO raises Faroe Petroleum stake to 25.4 pct
Thursday, 5 Apr 2018 

April 4 (Reuters) - Dno Asa ::DNO COMPLETES TENDER FOR SHARES IN FAROE PETROLEUM.ANNOUNCED TODAY SUCCESSFUL COMPLETION OF A REVERSE BOOK BUILDING PROCESS OF 10 PERCENT OF SHARES IN FAROE PETROLEUM.THROUGH REVERSE BOOK BUILDING, DNO WILL ACQUIRE 36,660,000 SHARES AT GBP 1.25 PER SHARE WHICH REPRESENTS 10 PERCENT OF OUTSTANDING SHARES IN FAROE.FOLLOWING PURCHASE, DNO WILL OWN 93,015,825 SHARES WHICH REPRESENTS 25.37 PERCENT OF OUTSTANDING SHARES IN FAROE PETROLEUM.  Full Article

Norway's DNO seeks to buy further 10 pct of Faroe Petroleum
Wednesday, 4 Apr 2018 

April 4 (Reuters) - Dno Asa ::HAS ENGAGED PARETO SECURITIES AS TO ACQUIRE UP TO 10 PERCENT OF OUTSTANDING SHARES IN FAROE PETROLEUM.SHAREHOLDERS IN FAROE PETROLEUM ARE INVITED TO TENDER SHARES THROUGH A REVERSE BOOK BUILDING PROCESS.TENDERED SHARES THAT ARE ACCEPTED BY DNO AT ITS SOLE DISCRETION WILL RECEIVE ONE PRICE DETERMINED IN REVERSE BOOK BUILDING.DNO RESERVES RIGHT TO CLOSE REVERSE BOOK BUILDING AT ANY TIME, BUT NO LATER THAN 08:00 CET (07:00 BST) ON 5 APRIL.  Full Article

Norway's DNO steps up production at Kurdish Peshkabir oilfield
Monday, 11 Dec 2017 

Dec 11 (Reuters) - Dno Asa ::DNO STEPS UP PRODUCTION FROM PESHKABIR FIELD IN KURDISTAN.‍TODAY ANNOUNCED A TRIPLING OF PRODUCTION FROM PESHKABIR FIELD IN TAWKE LICENSE IN KURDISTAN REGION OF IRAQ TO 15,000 BARRELS OF OIL PER DAY​.‍AS PREVIOUSLY ANNOUNCED, TAWKE LICENSE PARTNERS ARE PROCEEDING WITH FAST TRACK PLANS TO COMMISSION AN EARLY PRODUCTION FACILITY BY YEAREND AND COMPLETE INSTALLATION OF PIPELINE CONNECTIONS EARLY IN 2018 TO ALLOW RAMP UP OF OUTPUT AT PESHKABIR FIELD​.‍PREPARATIONS ARE UNDERWAY TO DRILL PESHKABIR-4 WELL WHICH WILL ALSO BE DESIGNED TO TEST UNDERLYING TRIASSIC RESERVOIR​.‍DNO OPERATES AND HAS A 75 PERCENT INTEREST IN TAWKE LICENSE, WITH PARTNER GENEL ENERGY PLC HOLDING REMAINDER​.‍LICENSE CONTAINS TAWKE AND PESHKABIR FIELDS WHOSE COMBINED YEAR-TO-DATE PRODUCTION HAS AVERAGED 110,000 BOPD​.‍A TOTAL OF 11 ZONES IN A 1.2 KILOMETER HORIZONTAL SECTION OF CRETACEOUS AND JURASSIC RESERVOIR IN PESHKABIR-3 WELL WERE INDIVIDUALLY TESTED AND FLOWED SUCCESSFULLY​.‍OIL ZONES TESTED AN AVERAGE OF 5,340 BOPD PER ZONE ON A 64/64" CHOKE, WITH HIGHEST INDIVIDUAL TEST RATE OF 7,200 BOPD​.‍A MULTI-ZONE COMBINED PRODUCTION TEST TOTALED 12,500 BOPD ON A 128/64" CHOKE FROM FIVE ZONES​.  Full Article

DNO reports $469 mln operating profit for Q3 after Kurdistan deal
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Dno ASA :Dno q3 revenue $‍​73.0 million (reuters poll $75.9 million).Dno q3 operating result $‍469​ million (reuters poll $28.9 million).Q3 operating profit follows recognition of usd 556 million as other income following receivables settlement agreement with kurdistan regional government in august 2017​.Dno q3 net result $462.7‍​ million (reuters poll $19.9 million).Dno q3 working interest production 74,830‍​ boepd (reuters poll 80,062 boepd).dno's operations in kurdistan continue uninterrupted​.‍with continuing export payments, dno will step up investments in will step up investments at Tawke and Peshkabir fields in kurdistan in 2018 ​.‍announced flow rates of more than 3,000 barrels of oil per day (bopd) from first zone tested in peshkabir-3 well in kurdistan region of iraq, nine other zones and one gas zone have been identified for testing​ in the reservoir.The company applied for norway’s awards in predefined areas (apa) 2017 licensing round in september, targeting participation in five exploration wells per year.Dno sees 2017 capital expenditure unchanged at $130‍​ million.  Full Article

Faroe Petroleum raises defences for possible DNO bid

LONDON, May 3 Faroe Petroleum has hired investment bank Rothschild to prepare for a potential takeover bid by Norwegian oil company DNO, industry and banking sources said.