Edition:
United Kingdom

Dno ASA (DNO.OL)

DNO.OL on Oslo Stock Exchange

15.34NOK
3:25pm BST
Change (% chg)

kr-0.44 (-2.82%)
Prev Close
kr15.78
Open
kr15.70
Day's High
kr15.73
Day's Low
kr15.33
Volume
1,899,623
Avg. Vol
4,292,012
52-wk High
kr20.60
52-wk Low
kr12.11

Latest Key Developments (Source: Significant Developments)

Dno Awarded 2 New Licences On UK Continental Shelf
Thursday, 6 Jun 2019 

June 6 (Reuters) - Dno ASA ::DNO AWARDED 2 NEW LICENCES ON UK CONTINENTAL SHELF.TWO BLOCKS, 12/14 AND 12/19, ARE IN MORAY FIRTH AREA OF CENTRAL NORTH SEA..DNO NORTH SEA (U.K.) LIMITED HAS BEEN AWARDED TWO EXPLORATION LICENSES AS OPERATOR BY OIL AND GAS AUTHORITY.PRIOR TO LATEST AWARDS, DNO HELD INTERESTS IN 10 LICENSES ON UK CONTINENTAL SHELF..  Full Article

Oil firm DNO to look for more M&A in Iraqi Kurdistan, North Sea after Faroe deal
Wednesday, 8 May 2019 

May 8 (Reuters) - DNO says::DNO SAYS EXPECTS 2019 REVENUES TO EXCEED $1 BILLION, WITH NORTH SEA CONTRIBUTING 30 PERCENT OF TOTAL.DNO SAYS CONTINUES TO LOOK FOR MORE ACQUISITIONS IN IRAQI KURDISTAN, NORTH SEA.DNO EXECUTIVE CHAIRMAN SAYS WE REMAIN ACTIVE ACQUIRER OF OPPORTUNITIES.DNO SAYS PLANS TO DRILL 38 WELLS, INCLUDING 25 DEVELOPMENT WELLS AND 11 EXPLORATION WELLS, IN 2019.  Full Article

DNO Q1 operating profit lags expectations
Wednesday, 8 May 2019 

May 8 (Reuters) - Dno ASA ::DNO Q1 REVENUE $204.1 MILLION (REUTERS POLL $270 MILLION).DNO Q4 WORKING INTEREST PRODUCTION 107,600 BOEPD (REUTERS POLL 106,373 BOEPD).DNO Q1 OPERATING RESULT $37.9 MILLION (REUTERS POLL $73.2 MILLION).DNO Q1 NET RESULT $51 MILLION (REUTERS POLL $50.3 MILLION).OPERATED KURDISTAN PRODUCTION FROM TAWKE AND PESHKABIR FIELDS AVERAGED 126,800 BOPD DURING QUARTER, UP FROM 109,400 IN Q1 OF 2018.DNO SEES 2019 CAPITAL AND EXPLORATION EXPENDITURE AT $440 MILLION.PLANNED 2019 EXPENDITURE IN KURDISTAN IS USD 250 MILLION AND USD 190 MILLION IN NORTH SEA.  Full Article

DNO Contemplates New USD Bond Issue
Monday, 6 May 2019 

May 6 (Reuters) - DNO ASA ::REG-DNO TO HOLD FIXED INCOME INVESTOR MEETINGS.PROCEEDS FROM SUCH BOND ISSUE WOULD BE DIRECTED FOR GENERAL CORPORATE PURPOSES, INCLUDING REFINANCING AND/OR BUYBACK OF DNO01 AND FAPE01.NEW USD SENIOR UNSECURED BOND ISSUE MAY FOLLOW.  Full Article

DNO says 2018 reserve replacement ratio was 100 pct
Monday, 11 Feb 2019 

Feb 11 (Reuters) - DNO ASA ::DNO ANNOUNCES 100 PERCENT RESERVES REPLACEMENT IN 2018.YEAREND 2018 COMPANY WORKING INTEREST (CWI) PROVEN (1P) RESERVES STOOD AT 240 MILLION BARRELS OF OIL (MMBBLS), UNCHANGED FROM YEAREND 2017 AFTER ADJUSTING FOR PRODUCTION AND TECHNICAL REVISIONS.ON A CWI PROVEN AND PROBABLE (2P) RESERVES BASIS, DNO REPLACED 98 PERCENT OF ITS 2018 PRODUCTION, EXITING YEAR WITH CWI 2P RESERVES OF 376 MMBBLS (384 MMBBLS IN 2017).AT 2018 PRODUCTION RATES, DNO'S 1P RESERVES LIFE IS 8.2 YEARS AND ITS 2P RESERVES LIFE IS 12.9 YEARS.COMPANY'S 1P RESERVES REPLACEMENT RATIO (RRR) HAS REACHED OR EXCEEDED 100 PERCENT IN EIGHT OF PAST TEN YEARS.  Full Article

DNO Says Offer By Co For Faroe Unconditional In All Respects
Monday, 14 Jan 2019 

Jan 14 (Reuters) - DNO ASA ::DNO ASA - OFFER BY DNO FOR FAROE NOW UNCONDITIONAL IN ALL RESPECTS, INTENTION TO DE-LIST FAROE FROM AIM.  Full Article

Faroe Petroleum Says CEO COO, CFO Have Decided To Resign
Friday, 11 Jan 2019 

Jan 11 (Reuters) - Faroe Petroleum PLC ::FAROE PETROLEUM PLC - DIRECTORATE CHANGE.FAROE PETROLEUM - GRAHAM STEWART, JONATHAN COOPER AND HELGE HAMMER HAVE GIVEN THREE MONTHS' NOTICE OF TERMINATION OF THEIR EMPLOYMENT WITH COMPANY.FAROE - EXECUTIVE DIRECTORS STATED INTENTION TO RESIGN FROM ALL DIRECTORSHIPS, OTHER OFFICES WHICH THEY HOLD WITH CO & ALL OF ITS UNITS.  Full Article

DNO Raises Stake In Faroe Petroleum To 29.9 Pct
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - DNO ASA ::DNO ASA FAROE PETROLEUM PLC - DNO INCREASES FAROE PETROLEUM STAKE TO 29.90%.DNO ASA - HAS ACQUIRED 6.2 MILLION SHARES IN FAROE PETROLEUM PLC AT A WEIGHTED AVERAGE PRICE OF 151.95 PENCE PER SHARE.DNO ASA - FOLLOWING TRANSACTIONS, DNO OWNS 111,494,018 SHARES REPRESENTING 29.90 PERCENT OF OUTSTANDING SHARES IN FAROE.  Full Article

DNO ASA Offers To Buy Faroe Petroleum For 152 Pence Per Share
Monday, 26 Nov 2018 

Nov 26 (Reuters) - DNO ASA ::CASH OFFER FOR FAROE PETROLEUM PLC.OFFER TO BE MADE BY DNO FOR FAROE PETROLEUM PLC WILL BE 152 PENCE IN CASH FOR EACH FAROE SHARE.OFFER VALUING FAROE'S EXISTING ISSUED AND TO BE ISSUED SHARE CAPITAL AT APPROXIMATELY £607.9 MILLION.OF OFFER VALUE OF APPROXIMATELY £443.8 MILLION ON A FULLY DILUTED BASIS, £402.6 MILLION IS ATTRIBUTABLE TO CURRENT ISSUED SHARE CAPITAL OF FAROE.  Full Article

DNO reports $47.23 mln payment for Tawke Deliveries
Thursday, 24 May 2018 

May 24 (Reuters) - Dno Asa ::REG-DNO REPORTS PAYMENT FOR TAWKE DELIVERIES.RECEIPT OF $47.23 MILLION FROM KURDISTAN REGIONAL GOVERNMENT AS PAYMENT FOR FEB 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 $4.51 MILLION FROM KURDISTAN REGIONAL GOVERNMENT HAS BEEN RECEIVED NET TO DNO.  Full Article

Photo

Exxon Mobil seeks bids for Norwegian offshore assets

OSLO Exxon Mobil is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast, a spokeswoman said.