Dno

[aksjewonka]

Grovt som alt av energi blir straffet - i liket med det brede marked. Begynner for alvorlig å miste troen på energi.

[TekBot]

DNO to Hold Fixed Income Investor Meetings

25 August 2021 - DNO ASA, the Norwegian oil and gas operator, today announced it
has engaged Pareto Securities AS as Global Coordinator and Joint Lead Manager
together with Danske Bank and SEB as Joint Lead Managers to arrange fixed income
…

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investor meetings. Subject to market conditions and acceptable terms, a new USD
300 million senior unsecured bond issue with a tenor of five years may follow.
The contemplated bond will materially have the same terms as DNO02 and DNO03.

The purpose of the bond issue is refinancing of the DNO02 bonds with maturity in
May 2023 (ISIN NO 0010823347) and general corporate purposes. The Company will
call the entire DNO02 bonds if the new bonds are successfully placed.

For further information, please contact:
Media: media@dno.no
Investors: investor.relations@dno.no

DNO ASA is a Norwegian oil and gas operator focused on the Middle East and the
North Sea. Founded in 1971 and listed on the Oslo Stock Exchange, the Company
holds stakes in onshore and offshore licenses at various stages of exploration,
development and production in the Kurdistan region of Iraq, Norway, United
Kingdom, Netherlands, Ireland and Yemen.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

?

Kilde

[TekBot]

DNO Releases 2020 Corporate Social Responsibility Report

Oslo, 26 August 2021 - DNO ASA, the Norwegian oil and gas operator, today
released its 2020 Corporate Social Responsibility Report. The report is attached
as a downloadable file and is also available on the Company’s website
…

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www.dno.no.

For further information, please contact:
Media: media@dno.no
Investors: investor.relations@dno.no

DNO ASA is a Norwegian oil and gas operator focused on the Middle East and the
North Sea. Founded in 1971 and listed on the Oslo Stock Exchange, the Company
holds stakes in onshore and offshore licenses at various stages of exploration,
development and production in the Kurdistan region of Iraq, Norway, the United
Kingdom, Netherlands, Ireland and Yemen.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

Kilde

[aksjewonka]

dd4d005f-79a4-4c12-9d47-6a6788f31642 (globenewswire.com)

Slå dette ann montro? Har noen her innsikt i om folketrygde fondet fortsetter nedsalget? Ettersigende startet dem i selge ut 20. august. Iom at dette var på bunn finner jeg det vanskelig at salget ikke er noe annet enn en justering.

[TekBot]

DNO Completes USD 400 Million Bond Placement

1 September 2021 - DNO ASA, the Norwegian oil and gas operator, today completed
the private placement of USD 400 million of new five-year senior unsecured bonds
with a coupon rate of 7.875 percent. The placement met strong investor demand
…

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across international markets and was significantly oversubscribed, leading the
Company to upsize the new bond issue from USD 300 million to USD 400 million.

Settlement is expected on or about 9 September 2021, subject to customary
conditions precedent, and an application will be made for listing of the new
bonds on the Oslo Stock Exchange. Net proceeds will be used towards refinancing
of the DNO02 bonds (ISIN: NO0010823347) and general corporate purposes. In
connection with the placement, the Company has agreed to buy back USD 154
million in nominal value of the DNO02 bonds with a call notice for the remaining
DNO02 bonds and other details to be announced upon settlement of the new
bond.

Pareto Securities AS acted as Global Coordinator and Joint Lead Manager together
with Danske Bank and SEB as Joint Lead Managers.

For further information, please contact:
Media: media@dno.no
Investors: investor.relations@dno.no
Tel: +47 911 57 197

DNO ASA is a Norwegian oil and gas operator focused on the Middle East and the
North Sea. Founded in 1971 and listed on the Oslo Stock Exchange, the Company
holds stakes in onshore and offshore licenses at various stages of exploration,
development and production in the Kurdistan region of Iraq, Norway, United
Kingdom, Netherlands, Ireland and Yemen.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

This release does not constitute any offer or solicitation to sell or purchase
any securities.

The release may not be released, published or distributed in the United States
of America or any other jurisdiction where release, publication or distribution
would be prohibited or require any registration or filing acts or similar.

Kilde

[Paddy80]

@Paddy80

Har vel ca 250millioner USD utestående som skal betales tilbake,

Skrev dette i mars, så da er det bare å trekke fra de betalingene de har fått siden da, er igjen en del kroner

[aksjewonka]

Utviklingen er uansett sørgelig - for olje generelt.

[TekBot]

DNO Scores Bergknapp Upgrade

Oslo, 6 September 2021 - DNO ASA, the Norwegian oil and gas operator, today
announced that following the completion of an appraisal program on the 2020
Bergknapp discovery in the Norwegian Sea, the Company has upgraded its
…

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recoverable resource estimate for this licence by 35 percent.

With further appraisal drilling and testing, the size of the previously
discovered recoverable resources in the Garn and Tilje formations is now
estimated by the operator to range between 40 to 84 million barrels of oil
equivalent (MMboe) of light oil.

Additionally, a sidetrack drilled to a vertical depth of 4,854 meters below sea
level encountered a 260-meter hydrocarbon column in the Åre formation not seen
in the original discovery well. The Åre reservoir is estimated by the operator
to hold 13 to 56 MMboe of recoverable resources. Investigation of collected
sidewall cores and fluid samples is ongoing to understand whether the
hydrocarbons present in the Åre formation primarily consist of light oil,
condensate or wet gas.

Wintershall Dea is operator of license PL836S with 40 percent and DNO Norge AS
and Spirit Energy each hold 30 percent. The Bergknapp discovery is located eight
kilometers west of the Maria Field (Wintershall Dea operated) in an area with
existing infrastructure. The partnership will now evaluate development options.

Meanwhile, DNO’s 2021 Norwegian exploration and appraisal program continues with
the ongoing drilling of the Gomez prospect (DNO 65 percent and operator) and the
Black Vulture appraisal well (DNO 32 percent). The Mugnetind exploration well
(DNO 32 percent) will spud in September.

The Company has 74 licenses in Norway (of which 19 are operated) including eight
producing licenses with combined average daily production of 12,500 barrels of
oil equivalent in the first half of 2021, one license containing a discovery
undergoing development and five licenses with discoveries pending development
decisions.

For further information, please contact:
Media: media@dno.no
Investors: investor.relations@dno.no

DNO ASA is a Norwegian oil and gas operator focused on the Middle East and the
North Sea. Founded in 1971 and listed on the Oslo Stock Exchange, the Company
holds stakes in onshore and offshore licenses at various stages of exploration,
development and production in the Kurdistan region of Iraq, Norway, the United
Kingdom, Netherlands, Ireland and Yemen.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

DNO Reports KRG Payments

Oslo, 8 September 2021 - DNO ASA, the Norwegian oil and gas operator, today
reported receipt of USD 63.2 million net to the Company from the Kurdistan
Regional Government (KRG), of which USD 46.2 million represents DNO’s
…

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entitlement share of June 2021 crude oil deliveries to the export market from
the Tawke license in Kurdistan.

Of the balance, USD 5.8 million is an override payment equivalent to three
percent of gross June 2021 Tawke license revenues under the August 2017
receivables settlement agreement and USD 11.2 million is towards KRG
withholdings of certain Tawke license 2019 and 2020 entitlement and override
payments. Following this latest payment, the sixth such monthly transfer to
date, the outstanding arrears, exclusive of any interest, dropped from USD
259.0 million to USD 202.5 million.

DNO operates and has a 75 percent stake in the Tawke license, which contains the
Tawke and Peshkabir fields, with partner Genel Energy plc holding the remaining
25 percent.

For further information, please contact:
Media: media@dno.no
Investors: investor.relations@dno.no

DNO ASA is a Norwegian oil and gas operator focused on the Middle East and the
North Sea. Founded in 1971 and listed on the Oslo Stock Exchange, the Company
holds stakes in onshore and offshore licenses at various stages of exploration,
development and production in the Kurdistan region of Iraq, Norway, the United
Kingdom, Netherlands, Ireland and Yemen.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

Kilde

[aksjewonka]

Der kom meldingen ja - som forventet.

DNO mottar betaling fra KRG for oljesalg i juni

DNO, som er operatør på Tawke-lisensen i Kurdistan-regionen i Irak, har mottatt netto 63,2 millioner dollar fra De regionale kurdiske myndighetene (KRG), hvorav 46,2 millioner dollar utgjør DNOs andel av oljeleveringene for juni 2021 til eksportmarkedet fra Tawke-lisensen.

Det opplyser DNO i en melding onsdag.

Av resterende beløp utgjør 5,8 millioner dollar en betaling som tilsvarer tre prosent av brutto Tawke-lisensomsetning for juni 2021 i henhold til en avtale fra august 2017, mens 11,2 millioner dollar er fordringer knyttet til Tawke-lisensen fra 2019 og 2020. Utestående fordring er etter dette 202,5 millioner dollar.

DNO er operatør på Tawke-lisensen med en eierandel på 75 prosent, mens partneren Genel eier resten.

[aksjewonka]

Rev ikke skinnet av pølsen for å si det sånn;)

[TekBot]

DNO02 - Key Information Relating to Redemption of Bond Loan

Issuer: DNO ASA

ISIN of bond loan: NO0010823347
…

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Date of redemption: 22 September 2021

Redemption amount: USD 145,400,000

Outstanding loan amount after redemption: 0

Redemption price: 103.50% plus accrued, and unpaid interest

Other information: As announced on 1 September 2021, the Issuer will buy back
bonds in the aggregated nominal amount of USD 154,600,000 to be cancelled and
discharged (buy-back of bonds at same pricing as for the call).

This information is published in accordance with the requirements of the
Continuing Obligations.

Kilde

[aksjewonka]

Pareto øker sitt estimat på oljeprisen til USD 75/fat for 2022, (…). Følgelig økes kursmålene i flere oljeselskap som følger: I Equinor økes kursmålet til NOK 170 (150), gjentar selg. I Aker BP økes det til NOK 280 (220), gjentar kjøp. I Okea økes det til NOK 21 (16), gjentar kjøp. I DNO økes det til NOK 18 (14), gjentar kjøp. I Africa Oil økes det til SEK 14 (12), gjentar kjøp. I Panoro økes det til NOK 30 (26), gjentar kjøp. I Questerre økes det til NOK 1,5 (1), kjøp gjentas.

[aksjewonka]

Nå snakker vi

[aksjewonka]

DNO: VIL TROLIG OPPRETTHOLDE UTBYTTEPOLITIKK KOMMENDE ÅR -SANDBORG
Fornebu (TDN Direkt): DNO har fullmakt fra generalforsamlingen i 2021 til å utbetale et utbytte på inntil 20 øre pr aksje i 2021 og inntil 0,20 øre pr aksje i 2022.

-Hvis styret beslutter utbetaling blir det en halvpart ved slutten av året og en halvpart i første halvår neste år. Det nivået og programmet er det vi ser for oss kommende år.

Det sier finansdirektør i DNO, Haakon Sandborg, til TDN Direkt i forbindelse med Pareto Securities energikonferanse onsdag.

-Når det er sagt med forventningene vi har på produksjon og god oljepris er det en ting vi må vurdere når vi ser hva faktisk resultat blir, sier han til TDN.

DNO utstedte nylig en ny femårig obligasjon med en årlig rente på 7,875 prosent. Han innrømmer at de fortsatt betaler en premie i gjeldsmarkedet som følge av operasjonene i det kurdiske området i Irak.

-DNO som kreditt alene hadde vært priset mye lavere uten risikoen Irak innebærer. Ratingbyråene ser på kredittratingen til Irak blant annet, som er på et ganske lavt nivå. Men sammenlignet med andre aktører i Kurdistan er renten ganske bra, sier han.

[aksjewonka]

Tok gevinst i går. Men har troen på at forbannelsen, inntil videre, er løftet… ny inngang vurderes.

[aksjewonka]

Tok en ny inngang på fredag - med tiltakende oljepris og aktivitet i Nordsjøen så håper jeg dette lønner seg. Motstanden på 8,8 brutt og neste motstands nivå på 9,6, deretter 10,5 og 11;)

[TekBot]

DNO Updates North Sea Drilling

Oslo, 28 September 2021 - DNO ASA, the Norwegian oil and gas operator, today
reported an oil discovery on the Gomez prospect in its operated PL006C license
offshore Norway.
…

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The exploration well encountered hydrocarbons in the primary target in the Våle
Formation of Paleocene Age. The reservoir is a 23 meters thick, homogeneous
sandstone of poor to moderate quality. A small amount of oil was recovered
during logging. The oil/water contact was not encountered.

Based on preliminary assessments, there is uncertainty whether the reservoir can
be commercially produced and no estimate of recoverable volumes has been
established at this stage. DNO holds a 65 percent interest in the PL006C license
and together with its partner Aker BP (35 percent) will study the extensive data
collected during the operation before deciding next steps.

In a separate announcement, Equinor as operator of license PL159B (DNO 32
percent) has reported that the recently completed Black Vulture exploration well
did not encounter hydrocarbons.

In addition to Gomez and Black Vulture, DNO’s 2021 Norwegian exploration and
appraisal program comprises three wells, of which the first two, Røver Nord (DNO
20 percent) and Bergknapp (DNO 30 percent), have already been drilled and proven
likely commercial volumes. The remaining 2021 exploration well, Mugnetind (DNO
30 percent), will spud shortly.

The Company has 74 licenses in Norway, of which eight are in production, one is
under development and four contain discoveries pending development decisions.

For further information, please contact:
Media: media@dno.no
Investors: investor.relations@dno.no

DNO ASA is a Norwegian oil and gas operator focused on the Middle East and the
North Sea. Founded in 1971 and listed on the Oslo Stock Exchange, the Company
holds stakes in onshore and offshore licenses at various stages of exploration,
development and production in the Kurdistan region of Iraq, Norway, the United
Kingdom, Netherlands, Ireland and Yemen.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

Q3 2021 Trading Update and Invitation to Earnings Call

Oslo, 14 October 2021 - DNO ASA, the Norwegian oil and gas operator, will
publish its Q3 2021 operating and interim financial results on Thursday, 4
November 2021. The Company today issued an update on production and sales
…

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volumes for the quarter, as well as other key financial information that will be
further discussed on the Q3 2021 Earnings Call.

Volumes (boepd)

Gross operated production Q3 2021 Q2 2021 Q3 2020

Kurdistan 105,179 110,304 113,742

North Sea - - -

Net entitlement production Q3 2021 Q2 2021 Q3 2020

Kurdistan 26,749 27,661 30,674

North Sea 13,102 9,939 17,690

Sales Q3 2021 Q2 2021 Q3 2020

Kurdistan 26,749 27,661 30,674

North Sea 14,653 7,285 22,184

Cash flows and financial items

In Q3 2021, DNO received USD 120.1 million net from the Kurdistan Regional
Government (KRG), of which USD 88.2 million represents the entitlement share of
May and June 2021 Tawke license crude oil deliveries. Of the balance, USD 11.4
million represents override payments equivalent to three percent of gross May
and June 2021 Tawke license revenues and USD 20.5 million represents payments
towards arrears built up from non-payment of certain invoices in 2019 and 2020.

In Q3 2021, DNO received tax refunds of USD 36.8 million in Norway in relation
to tax losses in 2021.

Last quarter, DNO completed the placement of USD 400 million of new five-year
senior unsecured bonds with a coupon rate of 7.875 percent, of which USD 300
million was used to buy back and redeem the DNO02 bond. The buyback and
redemption were both priced at 103.5 percent of par value, plus accrued and
unpaid interest.

Exploration

DNO participated in three exploration or appraisal wells on the Norwegian
Continental Shelf. The Bergknapp appraisal program in PL 836S (30 percent
working interest) resulted in an upgrade of the recoverable resource estimate,
while the Black Vulture appraisal well in PL 159B (20 percent working interest)
did not encounter hydrocarbons. The Gomez well in PL006C (65 percent working
interest) encountered hydrocarbons, but there is uncertainty whether the
reservoir can be commercially produced.

Earnings call

The Company will publish its Q3 2021 operating and interim financial results on
4 November 2021 at 07:00 (CET). A videoconference call with executive management
will follow at 15:00 (CET). Please visit www.dno.no for login details ahead of
the call.

Disclaimer

The information contained in this release is based on a preliminary assessment
of the Company’s Q3 2021 operating and interim financial results and may be
subject to change.

For further information, please contact:
Media: media@dno.no
Investors: investor.relations@dno.no

DNO ASA is a Norwegian oil and gas operator focused on the Middle East and the
North Sea. Founded in 1971 and listed on the Oslo Stock Exchange, the Company
holds stakes in onshore and offshore licenses at various stages of exploration,
development and production in the Kurdistan region of Iraq, Norway, the United
Kingdom, Netherlands, Ireland and Yemen.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

Kilde

[aksjewonka]

DNO stiger markant etter at selskapet la frem kvartalsoppdatering for tredje kvartal. DNO hadde en bruttoproduksjon på 105.179 fat oljeekvivalenter pr dag fra deres virksomhet i Kurdistan i Irak i tredje kvartal 2021, mot 113.742 fat oljeekvivalenter pr dag i samme periode foregående år. Nettoproduksjonen i kvartalet var på 26.749 og 13.102 fat oljeekvivalenter fra henholdsvis virksomhetene i Kurdistan og Nordsjøen.

Ifølge DNB Markets impliserer produksjonstallene at selskapet vil trenge en fjerdekvartalsproduksjon på om lag 112.500 fat oljeekvivalenter pr dag dersom DNO skal levere på deres guiding for 2021.

“I tillegg impliserer tredjekvartalsproduksjonen i Norge at det kreves en solid bedring i fjerde kvartal for å nå guiding. Dermed ser selskapets helårsguiding mer og mer utfordrende. Entitlement-produksjonen var sterkere og betalingene fra KRG var på linje med forventningene, noe som resulterer i en nøytral til noe negativ oppdatering etter vårt syn”, skriver DNB Markets i en oppdatering torsdag.

I en oppdatering fra Pareto Securities skriver meglerhuset at det ikke var noen overraskelser i oppdateringen, og trekker i likhet med DNB Markets frem at betalingene fra KRG var på linje med forventningene gitt tidligere kommunikasjon fra Genel Energy som er partner på Tawke-lisensen.

DNO-aksjen stiger 7,5 prosent torsdag.