Dno

[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.

[aksjewonka]

DNO: ABG SUNDAL COLLIER OPPGRADERER TIL KJØP, KURSMÅL 15

Oslo (Infront TDN Direkt): ABG Sundal Collier oppgraderer DNO til kjøp fra hold og oppjusterer kursmål på aksjen til 15 kroner fra 10 kroner, ifølge en analyse tirsdag.

[TekBot]

DNO Reports Third Quarter 2021 Results

Oslo, 4 November 2021 - DNO ASA, the Norwegian oil and gas operator, today
reported third quarter revenues of USD 253 million, a 38 percent quarter-on-
quarter increase driven by higher North Sea sales and strengthening commodity
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prices. The Company’s operating profit climbed seven percent to USD 65 million,
weighed down by non-cash net impairments of USD 40 million primarily related to
revised Ula area cost and production profiles in the North Sea.

Cash flow from operating activities totaled USD 163 million in the third
quarter. Net debt was reduced by USD 36 million to USD 360 million, the lowest
level since 2018.

“Like much of the rest of our resilient industry, we are recovering rapidly from
the early ravaging of the oil and gas markets by the runaway pandemic,” said
DNO’s Executive Chairman Bijan Mossavar-Rahmani. “We are back delivering value
to our host countries, shareholders and other partners in an efficient and
responsible manner,” he added.

Gross operated production at the Company’s flagship Tawke license in Kurdistan
averaged 105,200 barrels of oil per day (bopd) in the third quarter, of which
the Peshkabir field contributed 59,900 bopd and the Tawke field 45,300 bopd. Of
the total, 78,900 bopd were net to DNO. In the North Sea, net production
averaged 13,100 barrels of oil equivalent per day (boepd), bringing the
Company’s total third quarter net production to 92,000 boepd.

DNO’s USD 110 million Peshkabir-Tawke gas project, which was commissioned in
mid-2020, has injected eight billion cubic feet of otherwise flared gas through
the end of the third quarter, capturing 480,000 tonnes of CO2 equivalent. In
September, the Company initiated a USD 25 million second phase of the gas
capture project to reinject and retain gas in the Tawke reservoir and avoid
flaring. Having already eliminated routine venting of methane in operations in
2019, DNO recently launched a leak detection and repair initiative to measure,
monitor and mitigate fugitive methane emissions.

Elsewhere in Kurdistan, commerciality was declared on the DNO-operated Baeshiqa
license and plans submitted for a fast-track development.

DNO’s active North Sea exploration program notched up a success in the third
quarter with appraisal drilling on the 2020 Bergknapp discovery (DNO 30 percent)
resulting in a 35 percent upgrade of DNO’s recoverable resource estimate. Also
during the quarter, DNO made an oil discovery on the Gomez prospect (DNO 65
percent and operator). Due to uncertainty of producibility, no estimate of
recoverable volumes has been established pending further analysis. Another third
quarter 2021 appraisal well, Black Vulture (DNO 32 percent), was dry. Following
the end of the quarter, the Mugnetind exploration well (DNO 30 percent)
encountered limited hydrocarbons and is unlikely to be commercial.

The Brasse development (DNO 50 percent and operator) is on track for a 2022
project sanction with DNO recently entering into a strategic framework agreement
with Technip FMC covering subsea deliveries (SURF and SPS).

During the third quarter, the Company completed the placement of USD 400 million
of new five-year senior unsecured bonds with at a coupon rate of 7.875 percent,
lowering DNO’s average interest rate on its debt while extending the maturity
profile.

A videoconference call with executive management will follow today at 15:00
(CET). Please visit www.dno.no to access the call.

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

[E24Bot]

DNO snur tap til overskudd: Tjente 260 millioner i tredje kvartal

DNO snur tap til overskudd: Tjente 260 millioner i tredje kvartal

[bones70]

Faller i dag da! Allergisk mot gode nyheter.

[aksjewonka]

OLJE: ARCTIC NEDGRADERER AKRBP OG LUNDIN TIL HOLD

Oslo (Infront TDN Direkt): Arctic Securities er mandag ute med oppdaterte analyser av Aker BP, Lundin Energy og DNO, hvor kursmålene oppjusteres på samtlige, men meglerhuset nedgraderer samtidig anbefalingen på Aker BP og Lundin til hold.

Det fremgår av analyser fra meglerhuset mandag.

Kursmålet på Aker BP settes til 360 fra 285 kroner pr aksje, mens kursmålet på Lundin oppjusteres til 370 fra 310 svenske kroner pr aksje.

Meglerhuset trekker frem høyere antagelser rundt olje- og gasspriser som en årsak til oppjusteringen. Samtidig skriver Arctic at de nye antagelsene peker på begrenset med oppside fra gjeldende aksjekurser, og at det dermed nedgraderes til hold fra kjøp.

Arctic oppjusterer også kursmålet på DNO til 15 fra 11 kroner, og gjentar en kjøpsanbefaling på aksjen.

“Vi tror gjeninnførelsen av utbytter vil skje i løpet av de neste kvartalene, som burde være en trigger”, skriver Arctic

[TekBot]

Mandatory Notification of Trade

Please refer to the attached forms of notification of transaction by primary
insiders under the DNO ASA Employee Synthetic Share Program.

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This notification has been submitted pursuant to the Securities Trading Act §
5-12 and MAR Article 19 no. 3.

Kilde

[TekBot]

DNO ASA: Key Information Relating to Cash Dividend in December 2021

Oslo, 16 December 2021 - DNO ASA, the Norwegian oil and gas operator, today
announced that pursuant to the authorization granted at the Annual General
Meeting held on 27 May 2021, the Board of Directors has decided to distribute a
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dividend payment of NOK 0.20 per share to be made on or about 30 December 2021
to all shareholders of record as of 22 December 2021. DNO shares will be traded
ex-dividend as of 21 December 2021.

Dividend amount: NOK 0.20 per share

Declared currency: NOK

Last day including right: 20 December 2021

Ex-date: 21 December 2021

Record date: 22 December 2021

Payment date: 30 December 2021 (on or about)

Date of approval: 16 December 2021, based on authorization granted 27
May 2021

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 and section 3.2 of the Oslo Stock
Exchange Continuing Obligations.

?

Kilde

[aksjewonka]

Denne tror jeg mange har ventet på

[aksjewonka]

DNO vedtar utbytte | Finansavisen

[TekBot]

DNO Shares Traded Ex-Dividend

Oslo, 21 December 2021 - DNO ASA, the Norwegian oil and gas operator, today
announced that the Company’s shares will be traded ex-dividend effective 21
December 2021.
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A dividend payment of NOK 0.20 per share will be made on or about 30 December to
all shareholders of record as of 22 December 2021.

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 and Yemen.

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

Kilde