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DNO ASA (DNO.OL)

DNO.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

DNO Q3 operating profit beats forecast
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - DNO ASA ::DNO Q3 NET RESULT $63 MILLION (REUTERS POLL $63 MILLION).DNO Q3 WORKING INTEREST PRODUCTION 81,500 BOEPD.DNO EXPECTS TO EXIT YEAR WITH OPERATED KURDISTAN PRODUCTION OF AT LEAST 130,000 BOPD.DNO Q3 REVENUE $171 MILLION (REUTERS POLL $173 MILLION).DNO Q3 OPERATING RESULT $71 MILLION (REUTERS POLL $64 MILLION).  Full Article

DNO says well positioned to grow via drilling and acquisitions
Tuesday, 9 Oct 2018 

Oct 9 (Reuters) - DNO ASA ::REG-DNO OPERATIONS UPDATE: PESHKABIR PRODUCTION PUSHES 50,000 BOPD.PRODUCTION AT PESHKABIR FIELD IN KURDISTAN REGION OF IRAQ HAS RAMPED UP TO 50,000 BARRELS OF OIL PER DAY (BOPD), MEETING END-2018 TARGET AHEAD OF SCHEDULE AND BELOW BUDGET.INSTALLING A 10-INCH PIPELINE FROM PESHKABIR TO FISH KHABUR WITH A CAPACITY OF 60,000 BOPD. FIELD PRODUCTION IS CURRENTLY TRANSPORTED TO FISH KHABUR BY TANKER TRUCK AND A 6-INCH PIPELINE.AT COMPANY'S FLAGSHIP TAWKE FIELD, TAWKE-50 SHALLOW JERIBE WELL DRILLED TO A DEPTH OF 320 METERS WILL BE BROUGHT ON PRODUCTION WITHIN SEVERAL DAYS.TAWKE PRODUCTION CURRENTLY STANDS AT JUST OVER 80,000 BOPD.ELSEWHERE IN KURDISTAN, COMPANY IS ABOUT TO SPUD ITS FIRST WELL AT BAESHIQA LICENSE.IN NORWAY, COMPANY WILL PARTICIPATE IN TWO EXPLORATION WELLS TO BE SPUD IN 2018..WE ARE WELL-POSITIONED TO GROW OUR FOOTPRINT IN KURDISTAN AND NORWAY WITH DRILL BIT AND ACQUISITION OF PRODUCING ASSETS.  Full Article

Faroe Petroleum Says Welcomes The Withdrawal Of DNO's EGM Request
Monday, 27 Aug 2018 

Aug 27 (Reuters) - Faroe Petroleum PLC ::FAROE PETROLEUM SAYS WELCOMES THE WITHDRAWAL OF DNO'S EGM REQUEST.  Full Article

DNO and Genel receive $69 mln in Tawke payment for May
Monday, 20 Aug 2018 

Aug 20 (Reuters) - DNO ASA ::REG-DNO REPORTS PAYMENT FOR TAWKE DELIVERIES.REPORTED RECEIPT OF USD 69.03 MILLION AS PAYMENT FOR MAY 2018 CRUDE OIL DELIVERIES TO EXPORT MARKET FROM TAWKE LICENSE IN KURDISTAN REGION OF IRAQ.FUNDS WILL BE SHARED BY DNO AND PARTNER GENEL ENERGY PLC PRO-RATA TO COMPANIES' INTERESTS IN LICENSE.SEPARATELY, A PAYMENT OF USD 5.99 MILLION HAS BEEN RECEIVED NET TO DNO, REPRESENTING THREE PERCENT OF GROSS TAWKE LICENSE REVENUES DURING MAY.FOLLOWING REGULARIZATION OF EXPORT PAYMENTS FOR TAWKE LICENSE PRODUCTION SINCE FEBRUARY 2016, COMPANY WILL NO LONGER MAKE MONTHLY RECEIPTS ANNOUNCEMENTS.COMPANY WILL INSTEAD UPDATE MARKET ON EXPORT VOLUMES AND VALUES AS PART OF ITS QUARTERLY FINANCIAL REPORTING.  Full Article

DNO subscribes to 5.65 pct stake in Panoro Energy
Monday, 30 Jul 2018 

July 30 (Reuters) - DNO ASA ::HAS SUBSCRIBED TO 2,641,465 SHARES IN OSLO-LISTED PANORO ENERGY ASA, REPRESENTING 5.65 PERCENT OF OUTSTANDING SHARES, AT A PRICE OF NOK 12.82 PER SHARE.SHARE SUBSCRIPTION FOLLOWS A TRANSACTION IN WHICH DNO SOLD ITS TUNISIA SUBSIDIARY, DNO TUNISIA AS, TO PANORO.THROUGH ITS SHAREHOLDING IN PANORO, DNO MAINTAINS EXPOSURE TO TUNISIAN PERMITS AND WILL IN ADDITION RECEIVE A DEFERRED CONSIDERATION OF UP TO USD 13.2 MILLION PAID THROUGH FUTURE PRODUCTION FROM THE SFAX OFFSHORE EXPLORATION PERMIT.  Full Article

DNO Passes Peshkabir Production Target
Monday, 30 Jul 2018 

July 30 (Reuters) - DNO ASA ::REG-DNO PASSES PESHKABIR PRODUCTION TARGET.DNO ASA-4TH WELL PUT ON PRODUCTION AT PESHKABIR FIELD IN KURDISTAN REGION, IRAQ, PUSHING TOTAL OUTPUT PAST PREVIOUSLY PUBLISHED TARGET OF 30,000 BOPD.  Full Article

DNO and Genel receive $62.3 mln for April crude oil deliveries from Tawke license in Iraq
Friday, 20 Jul 2018 

July 20 (Reuters) - DNO ASA ::REG-DNO REPORTS PAYMENT FOR TAWKE DELIVERIES.TODAY REPORTED RECEIPT OF USD 62.33 MILLION AS PAYMENT FOR APRIL 2018 CRUDE OIL DELIVERIES TO EXPORT MARKET FROM TAWKE LICENSE IN THE KURDISTAN REGION OF IRAQ.FUNDS WILL BE SHARED BY DNO AND PARTNER GENEL ENERGY PLC PRO-RATA TO COMPANIES' INTERESTS IN LICENSE.SEPARATELY, A PAYMENT OF USD 5.41 MILLION HAS BEEN RECEIVED NET TO DNO.DNO OPERATES AND HAS A 75 PERCENT INTEREST IN THE TAWKE LICENSE, WHICH CONTAINS THE TAWKE AND PESHKABIR FIELDS.  Full Article

Panoro Energy Sets Subscription Price At NOK 12.82 Per Share
Thursday, 28 Jun 2018 

June 28 (Reuters) - Panoro Energy Asa ::PANORO ENERGY - SIGNIFICANTLY OVERSUBSCRIBED PRIVATE PLACEMENT.PANORO ENERGY- CO DECIDED TO INCREASE SIZE OF PRIVATE PLACEMENT AND PLACE 1 MILLION SHARES THAT WERE HELD IN TREASURY AT SAME SUBSCRIPTION PRICE.PANORO ENERGY- SUBSCRIPTION PRICE HAS BEEN SET FIXED AT NOK 12.82 PER SHARE.DNO IS SUBSCRIBING FOR 2,641,465 NEW SHARES AT SUBSCRIPTION PRICE.  Full Article

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

UPDATE 1-DNO withdraws request for Faroe board seats as conflict escalates

OSLO, Aug 27 Norwegian oil firm DNO on Monday withdrew its request for seats on the board of Faroe Petroleum amid an escalating war of words between the companies.