News & Videos - DNO ASA A NK -,25

Oslo, 8 April 2024 – DNO ASA, the Norwegian oil and gas operator, today announced that a final investment decision has been made for the development of the Brasse field, to be renamed Bestla, based on a tie-back to the nearby production facilities of the Brage field. Bestla is Brage’s grandmother in Norse mythology. By long-standing practice, all Norwegian oil and gas fields carry Norse, Nordic or Norwegian names. Bestla (PL740), located in the northern North Sea, is estimated to contain 24...

Oslo, 4 April 2024 – DNO ASA, the Norwegian oil and gas operator, today announced that production and field operations at its operated Tawke license (DNO 75 percent) in the Kurdistan region of Iraq have recovered from torrential flooding that also washed away large sections of the banks of the Khabur River, damaging roads and interfering with loading of tanker trucks for deliveries to buyers. The flooding resulted from local downpours combined with snowmelt in neighboring Türkiye in the...

Oslo, 21 March 2024 – DNO ASA, the Norwegian oil and gas operator, today announced completion of an appraisal well and sidetrack that further delineated the 2023 Heisenberg oil and gas discovery in Norwegian North Sea license PL827SB. Heisenberg, a new shallow play in the northern part of the Norwegian North Sea, is now estimated to hold recoverable volumes in the range of 24 to 56 million barrels of oil equivalent (MMboe) (mean of 37 MMboe). Oil-bearing sands were encountered in a deeper...

Oslo, 14 March 2024 – DNO ASA, the Norwegian oil and gas operator, today released its 2023 Annual Report and Accounts together with its Annual Statement of Reserves and Resources, Corporate Social Responsibility Report and Remuneration Report. The reports are attached as downloadable files and also available on the Company's website www.dno.no. – For further information, please contact: Media: [email protected] Investors: [email protected] – DNO ASA is a Norwegian oil and gas operator...

Please refer to the attached forms of notification of transaction by primary insiders under the DNO ASA Employee Synthetic Share Program. This notification has been submitted pursuant to the Norwegian Securities Trading Act § 5-12 and MAR Article 19 no. 3. Attachments Form of notification Automatic Settlement of Synthetic Shares for Tax Purposess Chris Spencer March 2024 Form of notification Automatic Settlement of Synthetic Shares for Tax Purposess Geir Arne Skau March 2024 Form of...

Please refer to the attached forms of notification of transaction by primary insiders under the DNO ASA Employee Synthetic Share Program. This notification has been submitted pursuant to the Norwegian Securities Trading Act § 5-12 and MAR Article 19 no. 3. Attachments Form of Notification Award of synthetic shares Geir Arne Skau March 2024 Form of Notification Award of synthetic shares Chris Spencer March 2024 Form of Notification Award of synthetic shares Elisabeth Femsteinevik March 2024 Form...

Oslo, 15 February 2024 - DNO ASA, the Norwegian oil and gas operator, today announced that the Company's shares will be traded ex-dividend effective 15 February 2024. A dividend payment of NOK 0.25 per share will be made on or about 26 February 2024 to all shareholders of record as of 16 February 2024. - For further information, please contact: Media: [email protected] Investors: [email protected] - DNO ASA is a Norwegian oil and gas operator active in the Middle East, the North Sea and West...

Please refer to the attached form of notification of transaction by primary insider. This notification has been submitted pursuant to the Norwegian Securities Trading Act § 5-12 and MAR Article 19 no. 3. Attachment Form of Notification DNO ASA Share Purchase Geir Arne Skau...

Oslo, 8 February 2024 - DNO ASA, the Norwegian oil and gas operator, today announced that pursuant to the authorization granted at the Annual General Meeting held on 25 May 2023, the Board of Directors has approved a dividend payment of NOK 0.25 per share to be made on or about 26 February 2024 to all shareholders of record as of 16 February 2024. DNO shares will be traded ex-dividend as of 15 February 2024. Dividend amount: NOK 0.25 per share Declared currency: NOK Last day including right: 14...

Oslo, 8 February 2024 – DNO ASA, the Norwegian oil and gas operator, today reported 2023 revenues of USD 668 million and operating profit of USD 218 million on the back of production rebound in the Kurdistan region of Iraq in a year marked by North Sea exploration success. Net production averaged 52,600 barrels of oil equivalent per day (boepd), of which Kurdistan contributed 34,900 boepd, North Sea 14,200 boepd and West Africa 3,500 boepd. The pivot towards North Sea, accelerated in 2019,...

Oslo, 6 February 2024 – DNO ASA, the Norwegian oil and gas operator, today announced that the Company’s wholly-owned subsidiary DNO Exploration UK Limited has entered into an agreement to acquire a 25 percent interest in the Arran field on the UK Continental Shelf from ONE-Dyas E&P Limited. Arran started production in 2021 as a subsea tie-back to the Shearwater A platform, both operated by Shell U.K. Limited. Gas from Arran is exported via the Fulmar Gas line on to the St. Fergus Terminal...

Oslo, 16 January 2024 – DNO ASA, the Norwegian oil and gas operator, today announced that its wholly-owned subsidiary DNO Norge AS has been awarded participation in 14 exploration licenses, of which three are operatorships, under Norway's Awards in Predefined Areas (APA) 2023 licensing round. Of the 14 new licenses, 10 are in the North Sea and four in the Norwegian Sea. At yearend 2023, DNO held interests in 73 licenses offshore Norway, of which 13 were operated by the Company. The new awards...

Oslo, 15 January 2024 – DNO ASA, the Norwegian oil and gas operator, will publish its Q4 2023 operating and interim financial results on 8 February at 07:00 (CET). A videoconference call with executive management will follow at 14:00 (CET). The Company issues below an update on production and sales volumes for the quarter as well as other key financial information that will be further discussed in the earnings call. Volumes (boepd) Gross operated production Q4 2023 Q3 2023 Q4 2022 Kurdistan...

Oslo, 4 January 2024 – DNO ASA, the Norwegian oil and gas operator, today announced that the Company will exercise the option to fully redeem its DNO03 bond on 5 January 2024. Issuer: DNO ASA ISIN of bond loan: NO0010852643 Original maturity date: 29 May 2024 New maturity date (redemption date): 22 January 2024 Record date: 18 January 2024 Redemption price: 100% of the Nominal Amount, plus accrued interest. – For further information, please contact: Media: [email protected] Investors:...

Oslo, 19 December 2023 – DNO ASA, the Norwegian oil and gas operator, today announced that gross production from its operated Tawke license in the Kurdistan region of Iraq continues to climb, with the December to date average approaching 90,000 barrels of oil per day (bopd). That lifts the projected fourth quarter 2023 figure to 65,000 bopd, up from 26,000 bopd in the third quarter and zero production in the second quarter, following closure of the Iraq-Türkiye Pipeline in March 2023. Of the...

Oslo, 13 December 2023 – DNO ASA, the Norwegian oil and gas operator, today announced successful completion of the second appraisal well on the Bergknapp/Åre discoveries in license PL836S in the Norwegian Sea. Recoverable volumes are currently estimated by the operator to range between 50 and 100 million barrels of oil equivalent (MMboe). Bergknapp/Åre are located eight kilometers west of the Wintershall Dea Norge AS operated Maria field, which is tied back to Equinor Energy AS’ Kristin...

Oslo, 12 December 2023 – DNO ASA, the Norwegian oil and gas operator, today announced completion of appraisal/side track wells that both confirmed the 2022 Ofelia oil and gas discovery and led to a new gas discovery in the overlying Kyrre formation in license PL929 in the Norwegian North Sea. Combined recoverable volumes are estimated by the operator to range between 27 and 52 million barrels of oil equivalent (MMboe). Ofelia/Kyrre is a candidate for a fast track, low cost development tie-back...

Oslo, 16 November 2023 - DNO ASA, the Norwegian oil and gas operator, today announced that the Company's shares will be traded ex-dividend effective 16 November 2023. A dividend payment of NOK 0.25 per share will be made on or about 24 November 2023 to all shareholders of record as of 17 November 2023. - For further information, please contact: Media: [email protected] Investors: [email protected] - DNO ASA is a Norwegian oil and gas operator active in the Middle East, the North Sea and West...

Oslo, 9 November 2023 - DNO ASA, the Norwegian oil and gas operator, today announced that pursuant to the authorization granted at the Annual General Meeting held on 25 May 2023, the Board of Directors has approved a dividend payment of NOK 0.25 per share to be made on or about 24 November 2023 to all shareholders of record as of 17 November 2023. DNO shares will be traded ex-dividend as of 16 November 2023. Dividend amount: NOK 0.25 per share Declared currency: NOK Last day including right: 15...

Oslo, 9 November 2023 – DNO ASA, the Norwegian oil and gas operator, today reported third quarter revenue of USD 141 million, up 142 percent from the previous quarter, on higher sales of oil and gas across its portfolio. Net quarterly production totaled 37,200 barrels of oil equivalent per day (boepd), up 158 percent, with Kurdistan contributing 19,500 boepd, North Sea 14,300 boepd and West Africa the balance. Operating profit stood at USD 40 million, reversing a loss of USD 15 million in the...