Dno

[aksjewonka]

Sell tha news

[Halling]

Krydde med tradere som skulle ut i åpningsminuttene.

[aksjewonka]

Jeg btd

[aksjewonka]

Update - 11 Aug 2022

DNO - Weak P&L results & Strong cash flow and guidance

DNO reports Q2 EBIT of USD 81m, which is below expectations driven by a USD 127m impairment at ULA. If we adjust for this, the EBIT is 13% below cons. driven by weaker realized prices (UK gas sales and slightly increased Tawke discount) and higher expensed exploration costs. Still, strong FCF of USD 167m (run-rate FCF yield of 42%) lifts the cash balance to USD 801m. This is slightly better than our expectations on WC. Importantly, DNO for the first time since the production ramp-up at Tawke increases its production guidance for the block to 107-109,000 bbl/day gross (up from 105,000 bbl/day). Although the increase is modest, we view this as positive sign of increased activity delivering good results after years of market focus being on the decline rates at the fields. There are no changes to the annual NOK 1/share dividend (6.4% yield), which clearly point towards potential large acquisitions given the growing cash pile. BUY/NOK 22]

Pars

[aksjewonka]

Blåste nesten 50 mil i omsetting. Ser ut som vi er ferdigsolgt nå.

[Halling]

Masse robotjobbing.

[aksjewonka]

DNO: SER OGSÅ PÅ INVESTERINGSMULIGHETER UTENFOR EKSISTERENDE OMRÅDER
Oslo (Infront TDN Direkt): DNO ser på investeringsmuligheter også utenfor områdene selskapet har virksomhet i dag.

Det kom frem under selskapets kvartalspresentasjon torsdag.

Finansdirektør Haakon Sandborg i DNO sier det er utsikter til sterk kontantstrøm i andre halvår i år, og at selskapet er ganske fornøyd med dagens balanse, med egenkapitalandel på over 40 prosent. Han legger til at DNO generelt fortsatt er interessert i tilbakekjøp av selskapets obligasjoner, men at dette ikke utelukker annen bruk av kapitalen.

…

Ser DNO underpresterte ift. konsensus forventningene, men dem leverte likevel et bra resultat. Regner med det er denne mismatchen som nå utnyttes.

[aksjewonka]

Egentlig fornøyd i dag. Fint med konsolidering etter oppgangen og spent på morgen dagen. Tok en råsjanse og doblet posisjon i dag.

[aksjewonka]

DNO rapporterte en ebitda på 256 millioner dollar i andre kvartal, mot ventede 296 millioner dollar, men opp fra 122 millioner dollar samme kvartal 2021. Oljeselskapet ser en bruttoproduksjon på Tawke-lisensen på mellom 107.000 og 109.000 fat pr dag i 2022, opp fra tidligere 105.000 fat pr dag.

Pareto Securities tror DNOs balanse og kontantstrøm skaper potensiale for både oppkjøp og høyere kapitaldistribusjoner. Sistnevnte har ikke blitt annonsert på dette tidspunktet, men det er etter meglerhusets mening fortatt sannsynlig at vil skje senere i år, gitt at selskapets nåværende run-rate frie kontantstrøm kan dekke 2022-utbyttene fordelt på rundt 2 måneders drift.

Videre skriver meglerhuset at de kommer til å gjøre begrensede endringer i sine estimater, og fortsetter å finne DNO-aksjen attraktiv. Pareto anbefaler kjøp med kursmål 22 kroner.

DNO-aksjen handles i øyeblikket ned 0,8 prosent til 15,43 kro

[E24Bot]

Mener markedet undervurderer DNOs lønnsomhet

Mener markedet undervurderer DNOs lønnsomhet

[aksjewonka]

Snakk om flaks. Solgte aksjene mine tidligere i dag. Fikk dem tilbake til rabatt nå:-)

[TekBot]

DNO Shares Traded Ex-Dividend

Oslo, 15 August 2022 - DNO ASA, the Norwegian oil and gas operator, today
announced that the Company’s shares will be traded ex-dividend effective 15
August 2022.
…

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A dividend payment of NOK 0.25 per share will be made on or about 23 August
2022 to all shareholders of record as of 16 August 2022.

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 and Yemen.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and section 4.2.5.3 of Euronext
Oslo Rulebook II.

Kilde

[TekBot]

DNO Releases 2021 Corporate Social Responsibility Report

Oslo, 15 August 2022 - DNO ASA, the Norwegian oil and gas operator, today
released its 2021 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 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

Please refer to the attached form of notification of transaction by primary
insider 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 Enters Transaction Agreement to Acquire Assets in West Africa; Issues Call for Extraordinary General Meeting of Shareholders

22 August 2022 - DNO ASA, the Norwegian oil and gas operator, today entered into
a transaction agreement pursuant to which RAK Petroleum plc will transfer its
ownership of Mondoil Enterprises LLC to DNO. The all-share transaction comprises
…

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Mondoil Enterprises’ 33.33 percent indirect interest in privately-held Foxtrot
International LDC whose principal assets are operated stakes in offshore
production of gas and associated liquids in Côte d’Ivoire, forming a bridgehead
for DNO in West Africa.

“As DNO targets expansion beyond the Kurdistan region of Iraq and the North Sea,
the move into Côte d’Ivoire is an important first step into a highly prospective
region offering a broad set of growth opportunities through acquisition of
producing fields, development assets and exploration licenses,” said Bjørn Dale,
DNO’s Managing Director. The Company is already evaluating other opportunities
in the region, he added.

Foxtrot International holds a 27.27 percent interest in and operatorship of
Block CI-27 offshore Côte d’Ivoire containing the country’s largest reserves of
gas, produced together with condensate and oil, from four offshore fields tied
back to two fixed platforms, meeting more than three-quarters of the country’s
gas needs. Foxtrot International also operates an exploration license offshore
Côte d’Ivoire, Block CI-12, in which it holds a 24 percent interest.

In addition to the Foxtrot gas field, which began production in 1999, Block CI-
27 contains the Mahi gas field, developed in 2012, as well as the Marlin oil and
gas field and the Manta gas field which began production in 2016, following a
four-year, USD 1 billion development campaign by the joint venture. Gas produced
from these fields is transported by pipeline to fuel power stations in Abidjan
pursuant to a gas sale and purchase (take-or-pay) agreement put into force in
June 1999 and subsequently increased to 140 million cubic feet per day with a
base price of USD 6.00 per MMBtu, subject to an indexation formula which has
lifted the current price to USD 6.47 per MMBtu.

In early 2020, in connection with the signature of amendments and extension of
the production sharing contract and the gas sales agreement to 2034, the Block
CI-27 joint venture embarked on a two-year, USD 350 million field development
and onshore facilities construction project to supply gas to two new power
stations. Cash flow from operations have funded these capital investments. This
work is nearing completion following the drilling of three new and two side-
track wells; the last well in the program, a side-track, is currently
progressing.

This additional processing and well capacity are slated to increase gas supply
to over 230 million cubic feet per day, subject to electricity sector demand and
well performance. Drilling of up to another two wells over the period of the
extension is planned to maintain the higher production capacity of the license.
During the first half of 2022, gross sales averaged 200 million cubic feet of
gas and 1,500 barrels of oil and condensate per day. Oil and condensate (and
limited quantities of gas) are sold to the local refinery at arms-length prices.
www.foxtrot-international.com (http://www.foxtrot-international.com)

The effective date of the transaction is 1 January 2022 and the agreed
consideration is USD 117.25 million, covering transfer of 100 percent of Mondoil
Enterprises share capital valued at USD 95 million, comprising 9.09 percent
indirect working interest in Block CI-27 and 8 percent in Block CI-12 both held
through the ownership in Foxtrot International, and USD 22.25 million including
USD 21 million in cash and USD 1.25 million in working capital.

DNO will issue 78,943,763 shares as consideration at a share price of NOK 14.38
(rounded). The share price is based on the dividend adjusted weighted average
share price of DNO over the 15 trading days prior to the transaction agreement
date and the average USD/NOK exchange ratio reported by Norges Bank over the
same trading period.

As further announced by RAK Petroleum this morning, the transaction is subject
to RAK Petroleum distributing, by way of a capital repayment, its DNO
shareholding, including the transaction consideration shares, to its
shareholders. This process is expected to be completed in October 2022. DNO will
receive 26,269,183 number of own shares from its 5.1 percent shareholding in RAK
Petroleum which it will retain as treasury shares.

Completion of the transaction is conditional upon shareholder approval at an
extraordinary general meeting of DNO resolving to issue the consideration
shares. The formal notice of the extraordinary general meeting of DNO to be held
on 13 September 2022 is attached and provides further information on the
proceedings as well as a description of the terms and conditions of the
transaction agreement. RAK Petroleum, too, will hold an extraordinary general
meeting to seek shareholder approval of the capital repayment plan.

DNO has conducted a due diligence of the assets to be acquired supported by
third-party assessment of reserves and resources. The transaction has been
negotiated by the independent members of DNO’s Board of Directors who, in
addition to the attractive business merits also considered the advantage of
increasing the Company’s free float to attract institutional investors and of
augmenting DNO’s gas exposure to reduce its carbon footprint. Pareto Securities
AS has been retained as financial advisor to DNO and has provided the
independent directors with a fairness opinion.

PricewaterhouseCoopers AS has, pursuant to section 10-2, cf section 2-6, of the
Norwegian Public Limited Companies Act, issued an independent expert statement
confirming that the value of Mondoil Enterprises at least corresponds to the
value of the consideration shares. The statement is appended to the attached
notice of the extraordinary general meeting.

The electronic system for notification of attendance and for registration of
advance votes at the general meeting is available at the following link:
Electronic r
(VPS GeneralMeeting
dcb5&validTo=1665658800000&oppdragsId=20220819VPIQU0U0)e
(VPS GeneralMeeting
dcb5&validTo=1665658800000&oppdragsId=20220819VPIQU0U0)gistration
(VPS GeneralMeeting
dcb5&validTo=1665658800000&oppdragsId=20220819VPIQU0U0).

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 and Yemen.

This announcement is considered to include inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act. This announcement was
published by Jostein Løvås, Communication Manager DNO ASA, at the date and time
set out above.

Kilde

[aksjewonka]

Fysa - i dag kom utbytte både i pars og dnb. Både i ASK og VPS ordinær konto.

[TekBot]

DNO Finds Oil at Ofelia

Oslo, 26 August 2022 - DNO ASA, the Norwegian oil and gas operator,
today confirmed an oil discovery on the Ofelia prospect in the Norwegian North
Sea license PL929 in which the Company holds a 10 percent interest. The well
…

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encountered a 73-meter oil column in Lower Cretaceous Agat Formation sandstones
of moderate to good reservoir quality. Preliminary estimates of gross
recoverable resources are in the range of 16-39 million barrels of oil
equivalent. In addition, upsides have been identified in both the Agat Formation
and the overlying Kyrre Formation.

The partners, which in addition to the Company’s wholly-owned subsidiary DNO
Norge AS, include license operator Neptune Energy Norge AS, Wintershall Dea
Norge AS, Pandion Energy AS and ABP Norway AS, will consider development of the
discovery with a tieback to the Neptune-operated Gjøa platform 15 kilometers to
the south.

With Ofelia, DNO racks up its third recent exploration success in the Troll-Gjøa
area in the North Sea alongside the 2022 Kveikje (DNO 29 percent) and 2021 Røver
Nord discoveries (DNO 20 percent). The Company is one of the largest holders of
acreage in what has become an exploration hotspot on the Norwegian continental
shelf, with several drill-ready prospects close to existing infrastructure. The
next of these prospects to be tested, Røver Sør, will be drilled in the fourth
quarter of 2022 within the Røver Nord discovery license.

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 and Yemen.

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

Kilde

[aksjewonka]

Pars:
We estimate a NOK 0.1-0.2/share
valuation impact from the Ofelia discovery. BUY/TP NOK 22

[aksjewonka]

https://www.finansavisen.no/nyheter/olje/2022/09/11/7925455/dno-star-overfor-kjempesoksmal

[TekBot]

DNO Extraordinary General Meeting Approves Share Capital Increase

Oslo, 13 September 2022 - DNO ASA, the Norwegian oil and gas operator, today
held an Extraordinary General Meeting in Oslo at which the proposal to increase
the Company’s share capital received near unanimous support of over 99 percent
…

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of the votes cast.

The Company will issue 78,943,763 new shares for subscription by RAK Petroleum
plc, subject to the fulfilment of certain conditions set out in the transaction
agreement entered between DNO and RAK Petroleum by which the Company will
acquire assets in West Africa, as referenced in a 22 August 2022 stock exchange
announcement.

The total shares outstanding following the completion of the transaction will be
1,054,376,509?, each with a nominal value of NOK 0.25.

The minutes from the Extraordinary General Meeting are attached.

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 and Yemen.

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

Kilde