April 26, 2018 / 6:16 AM / a month ago

BRIEF-Oil firm DNO'S Q1 earnings lag forecast

April 26 (Reuters) - DNO Asa:

* DNO EXPANDS AND ACCELERATES KURDISTAN OPERATIONS WHILE BUILDING UP NORTH SEA EXPOSURE; REPORTS ROBUST FIRST QUARTER 2018 RESULTS

* DNO Q1 REVENUE $142 MILLION (REUTERS POLL $138 MILLION)

* EXITED QUARTER WITH CASH BALANCES OF USD 518 MILLION PLUS USD 76 MILLION IN TREASURY SHARES AND MARKETABLE SECURITIES

* DNO Q1 OPERATING RESULT $25 MILLION (REUTERS POLL $55 MILLION)

* DNO Q1 NET RESULT $18.4 MILLION (REUTERS POLL $47 MILLION)

* DNO Q1 WORKING INTEREST PRODUCTION 79,100 BOEPD (REUTERS POLL 79,918 BOEPD)

* SAYS ACTIVELY PURSUING ADDITIONAL EXPOSURE TO NORWEGIAN CONTINENTAL SHELF, INCLUDING EXPLORATION, DEVELOPMENT AND PRODUCTION ASSETS

* SAYS HAS 28.71 PERCENT OF FAROE PETROLEUM Further company coverage: (Reporting By Oslo Newsroom)

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