Dno

[Paddy80]

Med denne utviklingen i oljeprisen så må vi vel begynne å se mot 10 tallet både teknisk og med bakgrunn at marginene begynner å bli meget hyggelige på dagens oljepris. KRG har nå råd til å betale den utestående gjelden sin (de har lovt å betale med oljepris over 50). De har doblet interessen i Baeshiqa lisensen og Sparebank1 har inkludert 0.9kr i verderingen, og vil trolig dobble denne forecasten. Kursmål hos Sparebank1 er 9 kr og da evt 10 mtp dobbling mtp Baeshiqa. DNO Increases Stake in Kurdistan’s Baeshiqa License; Prepares to Step Up Operations | Announcements | Investors | DNO ASA

[TekBot]

DNO Releases 2020 Annual Statement of Reserves and Resources

Oslo, 16 February 2021 - DNO ASA, the Norwegian oil and gas operator, today
announced it replaced 87 percent of 2020 production through additions to its
proven (1P) reserves notwithstanding reduced activity in the wake of low oil
…

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prices. In the Kurdistan region of Iraq, the Company replaced 111 percent of
last year’s production through additions to 1P reserves.

Yearend 2020 Company Working Interest (CWI) 1P reserves totaled 201 million
barrels of oil equivalent (MMboe) compared to 206 MMboe at yearend 2019, after
adjusting for 35 MMboe of production and 30 MMboe of upward technical revisions.
DNO exited the year with 332 MMboe of CWI proven and probable (2P) reserves and
507 MMboe of CWI proven, probable and possible (3P) reserves. DNO’s CWI
contingent (2C) resources stood at 152 MMboe.

At yearend 2020, DNO’s 1P reserves life stood at 5.8 years, its 2P reserves life
at 9.6 years and its 3P reserves life at 14.6 years; all were up slightly from
2019 levels.

On a gross basis, yearend 1P reserves at the Tawke license in Kurdistan
containing the Tawke and Peshkabir fields climbed to 234 million barrels of oil
(MMbbls) from 228 MMbbls a year earlier. Tawke license 2P reserves stood at 394
MMbbls at yearend 2020 (400 MMbbls in 2019) and 3P reserves at 605 MMbbls (641
MMbbls in 2019).

Across its North Sea portfolio at yearend 2020, on a CWI basis, DNO’s 1P
reserves stood at 41 MMboe, 2P reserves at 64 MMboe and 3P reserves at 96 MMboe.
The Company’s North Sea 2C resources totaled 120 MMboe.

At yearend 2020 and on a gross basis, at the Baeshiqa license in Kurdistan
containing two large structures with multiple independent stacked target
reservoirs, 2C resources stood at 43 MMbbls, following successful drilling and
testing of the exploration Baeshiqa-2 and Zartik-1 wells. No reserves were
recorded at the Baeshiqa license at yearend 2020 pending conclusion of the
ongoing appraisal activities to determine commerciality.

“All things considered, from a reserves replacement perspective DNO had a
stellar year in 2020 notwithstanding the sharp cuts in our spend and the
challenges of keeping operations going in the face of Covid restrictions in
movement of our people, contractors and supplies,” said Bijan Mossavar-Rahmani,
DNO’s Executive Chairman.

International petroleum consultants DeGolyer and MacNaughton (D&M) carried out
an independent assessment of the Tawke and Baeshiqa licenses in Kurdistan.
Gaffney, Cline & Associates (GCA) carried out an independent assessment of DNO’s
licenses in Norway and the United Kingdom.

The 2020 Annual Statement of Reserves and Resources, prepared and published in
accordance with Oslo Stock Exchange listing and disclosure requirements
(Circular No. 1/2013), is attached and is also available on the Company’s
website at 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

[TekBot]

Mandatory Notification of Trade

Geir Arne Skau, HR Director, has on 18 February 2021 bought 15,000 shares in DNO
ASA, at an average price of NOK 7.87 per share. Following the transaction, he
holds 25,750 shares in DNO ASA.
…

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

Kilde

[Paddy80]

Synd det er så rolig på denne tråden, det sorte gullet kan fremdeles gi kroner i banken de har nese for å finne gullet, oljeprisen buller, lite aktivitet sisten året og full (all) fokus på grønt. Etterbetaling fra krg, treff på nytt prosjekt og økende marginer på eksisterende felt. Det lukter både økt kurs og til og med utbytte?

[Twine]

Noen som klarer å komme med kvalifisert gjetning om når DNO får penger fra Kurdistan?

[Paddy80]

Jeg tenker at de tjener bra med penger nå med oljeprisene om dagen, og de har noen borreprosjekter i år, samt at så lenge oljeprisen beveger seg lengre nord av 50dollar som var “grensen” for når krg klarer å betale gjelden, så øker sannsynligheten for melding om nettopp dette. Om det er priset inn eller ei er en annen sak. Med all uro det har vært i regionen så tar vel ingen noe for gitt lengre

[tjoff]

DNO får penger fra KRG hver mnd nå. Det er bare til å følge med på børsmeldinger fra partnere som feks Genel. Avtalen nå er at 50% av alt over 50 USD/fat går til tilbakebetaling av gjeld. Hva som blir den endelige avtalen her er vel ikke helt bestemt enda. Bijan sa i hvert fall under Q4 at de ikke er en “bank” som låner penger til 8% rente i markedet for å så låne de videre til 0% hos nestemann.

@Paddy80

de har nese for å finne gullet

Reserverapporten de kom med var vel ikke akkurat veldig oppløftende lesing. De har vel hatt stadig decline i reserver siste 3 år nå?

Men helt klart, DNO er kraftig underpriset ved oljepris på 65USD, burde vel ligget nærmere 14-15kr. Slik er det når man gjør business med lugubre typer i langtvekkistan. Forhåpentligvis kommer de i gang med flere prosjekt på NCS og vi kan få en mer “riktig” prising.

[Paddy80]

Nå blir det muligheter igjen for ytterligere opp her, var “nervøs” foran møtet dag, men det løste seg fint. Satser på tilbakebetaling av gjelden også starter fremover, bør være muligheter når oljeprisen står over 70 dollar, noe jeg tror vi ser rimelig snart

[Paddy80]

Om oljen fortsetter opp i 80 dollar så ser vi “garantert” tosiffret i DNO.

[Springer]

Penger på vei.

[TekBot]

DNO Reports KRG Payments

Oslo, 9 March 2021 - DNO ASA, the Norwegian oil and gas operator, today reported
receipt of USD 42.4 million net to the Company from the Kurdistan Regional
Government (KRG), of which USD 31.9 million represents DNO’s entitlement share
…

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of January 2021 crude oil deliveries to the export market from the Tawke license
in Kurdistan.

Of the balance, USD 4.3 million is an override payment equivalent to three
percent of gross January 2021 Tawke license revenues under the August 2017
receivables settlement agreement and USD 6.2 million is a payment towards the
Company’s arrears of USD 259.0 million relating to withheld payment of Tawke
license 2019 and 2020 entitlement and override invoices.

Monthly entitlement and override payments were withheld early last year by KRG
which was hit by lower oil revenues and economic dislocations triggered by the
Covid-19 pandemic. After a four-month hiatus, entitlement payments were resumed
in March 2020 and override payments have now resumed with the January 2021
payment.

The arrears payment is the first received under a KRG plan that, as from January
2021, if average Brent prices in any month exceed USD 50 per barrel, one-half of
the incremental export revenue will be paid to the Tawke partners and shared
prorata to their interests in the license.

DNO operates and has a 75 percent stake in the Tawke license with partner Genel
Energy plc holding the balance.

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

[Paddy80]

Etterbetalt halv mrd i 2021 kanskje i tillegg til normal betaling for salg? Utbytte?

[Paddy80]

ACC. SHORT #

11 885 878

ACC. SHORT %

1,14%

LATEST POSITION (DD.MM.YYYY)

19.01.2021

Active positions

POSITION HOLDER	SHORT POSITION	SHORT PERCENT	POSITION DATE (DD.MM.YYYY)
CAPITAL FUND MANAGEMENT	5 846 584	0,59%	19.01.2021
JPMORGAN ASSET MANAGEMENT (UK) LTD	6 039 294	0,55%	13.07.2020
SUM	11 885 878	1,14%

Kanskje disse begynner å bli litt svette nå?

[Flekken]

Ettersom jeg forstår så er shorten dekket inn kraftig det er kun denne ene posisjonen igjen. På 0,59%

Public disclosure of significant net short positions in shares
The table below displays the sum of current open short positions that are larger or equal to 0,5%. Any short position that are below this threshold is not included in any of the numbers presented here. Positions are updated every businessday at 15:30 CET

ESMA/ESA extend the lowered threshold of 0.1%
ESMA/ESA has on the 17th of December 2020 decided to extend the duration of the emergency measure regarding temporarily reducing the threshold to 0.1% for notifying the relevant competent authorities of net short positions. The extension is three months.
For further information, please review Finanstilsynet’s press release.

Dno
ISIN NAME SUM SHORT # SUM SHORT % LATEST POSITION
NO0003921009 DNO 5 846 584 0.59% 10.03.2021

[Paddy80]

Ser det nå, ble oppdatert etter jeg var inne og hentet posten over

[Paddy80]

Solgt ut DNO på 10.95,10.85 og 10.62, synes veien opp fra 9 og mot 11 var litt for kjapp, ser an oljen litt fremover, vært med siden 6 kroner så har vært god butikk

[rayman]

Kan være greit å avvente til etter 19 mars, da vil de bli tatt ut av indeks slik at en del fond må selge seg ut

[Paddy80]

Takk for påminnelse

[rayman]

Det trenger ikke å bety så mye, men greit å huske på

[tjoff]

Vet du hvor mange fat/dag DNO produserer og hvordan cashflowen deres ser ut med dagens oljepris? litt merklig å selge bare fordi det “har gått for fort” uten å kanskje se nærmere på hvorfor det har gått fort, but thats just me

dersom KRG (mot alle odds) får orden på sakene sine så er DNO på 10kr ekstremt billig med dagens oljepris. Dette ser man derimot i andre oljeaksjer også, markedet virker ikke å tro på vedvarende oljepris over 60-65 USD . Skulle oljeprisen bli liggende rundt 65-70 USD/fat burde DNO strekke seg mot 16-18kr uten det ville gjort aksjen særlig dyr.