October 3, 2016 / 6:11 AM / a year ago

BRIEF-DNO says received Tawke oil payment

Oct 3 (Reuters) - Dno Asa

* Today reported receipt of usd 37.40 million from kurdistan regional government as payment towards july crude oil deliveries to the export market from the Tawke field

* The funds, to be shared pro-rata by DNO and partner Genel Energy plc, include USD 31.37 million toward the monthly entitlement for July deliveries and USD 6.03 million toward the recovery of outstanding receivables for past deliveries

* Tawke production in July averaged 117,992 barrels of oil per day (bopd), of which 117,579 bopd were earmarked for export. This was up from June production levels of 114,384 bopd, of which 113,601 bopd were earmarked for export

* An amount of USD 8.41 million remains outstanding from the Kurdistan Regional Government for Tawke June deliveries to the export market. The total invoiced amount for June is USD 38.41 million, for which a partial payment of USD 30 million was received on 8 August 2016 Source text for Eikon: Further company coverage: (Reporting By Terje Solsvik)

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