Dno

[Freddys]

Noen som sitter i denne?

Er det for risky å ta noen lodd i disse tider?

[Gonzo]

https://www.rudaw.net/english/kurdistan/210120245

[Reach]

Clarkson (10th of January): +75% upside

“Free Cash Flow Yield to Skyrocket…”

https://i.imgur.com/19O1c6R.png

[nucleus]

Ankara announces oil pipeline resumption plans with Iraq - Shafaq News Er vel lov til å krysse fingrene nå…

[aksjewonka]

The Association of the Petroleum Industry of Kurdistan (APIKUR) ber om at kongressen i USA hjelper til med å overtale den føderale regjeringen i Irak om å gjenoppta oljeeksporten fra Kurdistan-regionen i Irak, før Iraks statsministers forventede besøk i Det hvite hus.

Det fremgår av en melding fra APIKUR mandag.

“APIKUR understreker de betydelige amerikanske og internasjonale investeringene i regionen, til sammen over 10 milliarder dollar, og behovet for å beskytte disse interessene”, heter det i meldingen.

I brevet til kongressen fremhever APIKUR “et presserende behov” for kongresshandlinger i USA for “å oppmuntre den irakiske statsministeren til å løse problemene med oljeproduksjonen og eksporten før hans kommende besøk i USA”.

-Den irakiske statsministeren bør demonstrere at han er forpliktet til å lede sin regjering til å levere en gjensidig fordelaktig løsning som ikke lenger vil kvele Kurdistan-regionen i Irak økonomisk, sier talsmann Myles B. Caggins III i APIKUR.

Han legger til at “denne løsningen inkluderer gjenopptakelse av oljeeksporten fra Kurdistan-regionen til de internasjonale markedene med betaling og kontraktssikkerhet for at vestlige og amerikanske selskaper kan gjenoppta driften”.

[TekBot]

DNO Acquires Interest in UK’s Arran Field, Expands North Sea Portfolio

Oslo, 6 February 2024 - DNO ASA, the Norwegian oil and gas operator, today
announced that the Company’s wholly-owned subsidiary DNO Exploration UK Limited
has entered into an agreement to acquire a 25 percent interest in the Arran
…

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field on the UK Continental Shelf from ONE-Dyas E&P Limited.

Arran started production in 2021 as a subsea tie-back to the Shearwater A
platform, both operated by Shell U.K. Limited. Gas from Arran is exported via
the Fulmar Gas line on to the St. Fergus Terminal while liquids are exported to
Cruden Bay via the Forties Pipeline System.

The transaction is expected to add some four million barrels of oil equivalent
net to DNO, of which 90 percent gas, with projected net 2024 production of
2,000-2,500 barrels of oil equivalent per day (boepd). The cash consideration is
USD 70 million plus a contingent consideration of up to USD 5 million if certain
operational targets are met.

“Arran fits neatly in our strategy of acquiring bolt-on producing assets as we
develop our significant discoveries in Norway,” said Chris Spencer, DNO’s
Managing Director. “The Company expects financial synergies between Arran and
DNO’s existing position in the UK,” he continued.

With this transaction, DNO continues to expand a North Sea portfolio that
includes 14,200 boepd of production currently almost exclusively from fields in
Norway which will grow as ongoing development projects notably Trym Restart (50
percent and operator), Andvare (32 percent) and Berling (30 percent) are brought
onstream.

The Company’s exceptionally successful exploration program delivered four
additional discoveries and two successful appraisal wells in 2023, again in
Norway.

The effective date is set to 1 January 2024 and the transaction is expected to
close in the second quarter of 2024, subject to authorities’ approval.

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

DNO ASA is a Norwegian oil and gas operator active in the Middle East, the North
Sea and West Africa. 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, Côte d’Ivoire, Netherlands and Yemen.

This information is subject to the disclosure requirements pursuant to §5-12 of
the Norwegian Securities Trading Act and the EU Market Abuse Regulation.

Kilde

[TekBot]

DNO Reports 2023 Production Rebound, North Sea Exploration Success

Oslo, 8 February 2024 - DNO ASA, the Norwegian oil and gas operator, today
reported 2023 revenues of USD 668 million and operating profit of USD 218
million on the back of production rebound in the Kurdistan region of Iraq in a
…

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year marked by North Sea exploration success.

Net production averaged 52,600 barrels of oil equivalent per day (boepd), of
which Kurdistan contributed 34,900 boepd, North Sea 14,200 boepd and West Africa
3,500 boepd. The pivot towards North Sea, accelerated in 2019, delivered a
string of discoveries with combined recoverable volumes estimated at 100 million
barrels of oil equivalent net to the Company last year.

At yearend, gross production from the DNO-operated Tawke license had largely
recovered from the March 2023 export pipeline shutdown and was averaging 80,000
boepd. The Company’s net entitlement share is sold at reduced prices in the low-
to-mid USD 30s per barrel on a cash and carry basis and transported by traders
by road tanker or pipelined to local refineries.

With operational spend down 65 percent, Tawke sales now generate some USD 10
million per month of free cash flows to DNO, notwithstanding lower realized
prices.

“Surely no one is pleased to leave significant money on the table with every
barrel sold,” said DNO’s Executive Chairman Bijan Mossavar-Rahmani. “But the
Company remains resilient in its second semi-centennium and will take this new
challenge head on,” he said.

Net production in the North Sea this year is projected at 15,000-16,000 boepd;
the bolt-on acquisition of a 25 percent stake in the producing UK field Arran
will add another 2,000-2,500 boepd once completed.

In Kurdistan, DNO expects gross operated production at the Tawke license to
continue to average 80,000 boepd. That figure could change depending on the
outcome of ongoing discussions related to recovery of arrears for past
deliveries to the Kurdistan Regional Government and payment terms and conditions
for any future oil exports, which in turn will drive investments in wells.

Total operational spend is projected at USD 645 million, up 15 percent from last
year, primarily reflecting higher development activity in Norway on the back of
previous discoveries.

The balance sheet remains strong and the Board of Directors yesterday authorized
a dividend of NOK 0.25 per share in February, maintaining quarterly
distributions.

A videoconference call with executive management will follow today at 14:00
(CET). Please visit www.dno.no to access the call.

Key figures

                              Q4 2023 Q3 2023 Full-Year 2023 Full-Year 2022

Gross operated production 65,773 25,984 46,500 107,637
(boepd)

Net production (boepd) 69,684 37,150 52,566 97,310

Revenues (USD million) 199 141 668 1,377

Operating profit/-loss (USD 38 40 218 431
million)

Net profit/-loss (USD million) 4 -55 19 385

Free cash flow (USD million) 33 -6 -82 619

Net cash/-debt (USD million) 153 142 153 388

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

DNO ASA is a Norwegian oil and gas operator active in the Middle East, the North
Sea and West Africa. 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, Côte d’Ivoire, Netherlands and Yemen.

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

Kilde

[TekBot]

Key Information Relating to Cash Dividend

Oslo, 8 February 2024 - DNO ASA, the Norwegian oil and gas operator, today
announced that pursuant to the authorization granted at the Annual General
Meeting held on 25 May 2023, the Board of Directors has approved a dividend
…

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payment of NOK 0.25 per share to be made on or about 26 February 2024 to all
shareholders of record as of 16 February 2024. DNO shares will be traded ex-
dividend as of 15 February 2024.

Dividend amount: NOK 0.25 per share
Declared currency: NOK
Last day including right: 14 February 2024
Ex-date: 15 February 2024
Record date: 16 February 2024
Payment date: 26 February 2024 (on or about)
Date of approval: 7 February 2024, based on authorization granted 25 May 2023

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

DNO ASA is a Norwegian oil and gas operator active in the Middle East, the North
Sea and West Africa. 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, Côte d’Ivoire, Netherlands and Yemen.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and section 4.2.4 of Euronext Oslo
Rulebook II.

Kilde

[TekBot]

Mandatory Notification of Trade

Please refer to the attached form of notification of transaction by primary
insider.

…

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

Kilde

[TekBot]

DNO Shares Traded Ex-Dividend

Oslo, 15 February 2024 - DNO ASA, the Norwegian oil and gas operator, today
announced that the Company’s shares will be traded ex-dividend effective 15
February 2024.
…

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A dividend payment of NOK 0.25 per share will be made on or about 26 February
2024 to all shareholders of record as of 16 February 2024.

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

DNO ASA is a Norwegian oil and gas operator active in the Middle East, the North
Sea and West Africa. 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, Côte d’Ivoire, Netherlands and Yemen.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and section 4.2.4 of Euronext Oslo
Rulebook II.

Kilde

[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 Norwegian Securities
Trading Act § 5-12 and MAR Article 19 no. 3.

Kilde

[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 Norwegian Securities
Trading Act § 5-12 and MAR Article 19 no. 3.

Kilde

[TekBot]

DNO Releases 2023 Annual Report and Accounts

Oslo, 14 March 2024 - DNO ASA, the Norwegian oil and gas operator, today
released its 2023 Annual Report and Accounts together with its Annual Statement
of Reserves and Resources, Corporate Social Responsibility Report and
…

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Remuneration Report.

The reports are attached as downloadable files and also available on the
Company’s website 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 active in the Middle East, the North
Sea and West Africa. 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, Côte d’Ivoire, Netherlands and Yemen.

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

Kilde

[TekBot]

Heisenberg Discovery Delineated by Appraisal Well, Sidetrack

Oslo, 21 March 2024 - DNO ASA, the Norwegian oil and gas operator,
today announced completion of an appraisal well and sidetrack that further
delineated the 2023 Heisenberg oil and gas discovery in Norwegian North Sea
…

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license PL827SB. Heisenberg, a new shallow play in the northern part of the
Norwegian North Sea, is now estimated to hold recoverable volumes in the range
of 24 to 56 million barrels of oil equivalent (MMboe) (mean of 37 MMboe). Oil-
bearing sands were encountered in a deeper secondary target, Hummer.

The license partnership, which in addition to DNO Norge AS (49 percent) includes
operator Equinor Energy AS, is planning a well in the second quarter of this
year to explore an additional deep prospect, Angel, while delineating Heisenberg
towards the west.

Surrounded by major North Sea hubs Troll B, Kvitebjørn and Gjøa (the first two
operated by Equinor), Heisenberg lies within tieback range of these hosts.
Studies are underway for fast-track development of Heisenberg in coordination
with a string of recent discoveries in this area in which DNO has a significant
presence, including in last year’s Carmen discovery (30 percent).

“With recent exploration successes, our North Sea portfolio has tilted towards
quality discoveries which we now need to rebalance by adding production,” said
DNO’s Executive Chairman Bijan Mossavar-Rahmani.

In 2023, the Company was the third most active exploration driller on the
Norwegian Continental Shelf and ranked second in terms of discovered volumes
with an estimated 100 MMboe net to DNO. The Company has prioritized near-
infrastructure exploration in areas with clear routes to commercialization of
discoveries and has been an early mover in acquiring substantial acreage
positions in selected areas which have since become hotspots.

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

DNO ASA is a Norwegian oil and gas operator active in the Middle East, the North
Sea and West Africa. 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, Côte d’Ivoire, Netherlands and Yemen.

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

Kilde

[aksjewonka]

Mye venting her.

Den store OLJE-tråden 2

[image] [image] [image]

[pleximus83]

tenker det er nyttigt å poste linken her

https://www.kurdistan24.net/en

[TekBot]

DNO Kurdistan Operations Recover Rapidly from Torrential Flooding

Oslo, 4 April 2024 - DNO ASA, the Norwegian oil and gas operator,
today announced that production and field operations at its operated Tawke
license (DNO 75 percent) in the Kurdistan region of Iraq have recovered from
…

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torrential flooding that also washed away large sections of the banks of the
Khabur River, damaging roads and interfering with loading of tanker trucks for
deliveries to buyers.

The flooding resulted from local downpours combined with snowmelt in neighboring
Türkiye in the latter half of March. This led DNO to temporarily shut in its
Tawke field for safety reasons while maintaining uninterrupted operations at the
less exposed Peshkabir field, also within the Tawke license. Gross license
production dropped from above 80,000 barrels per day (bopd) to an average of
65,000 during a 10-day period but was restored to its pre-flooding level on 30
March 2024 as DNO worked to minimize flooding exposure, inspect damage and take
remedial actions including installing additional truck loading facilities.

Given shortages of heavier crudes in regional markets, DNO negotiated with its
customers to nudge Tawke/Peshkabir prices to the mid-USD 30 per barrel level.
DNO share of sales continue to be paid directly to the Company in advance of
loadings and have averaged in excess of USD 25 million per month in 2024.

No DNO employees were hurt though several substantial pieces of equipment
weighing tons were washed away and have yet to be located. Notwithstanding major
damage in the town of Zakho, neighboring the Tawke field, the 2,000 year-old
Roman-era arched bridge, a popular tourist attraction, survived intact. The
Company provided relief to the local community by supplying home appliances,
including refrigerators, to families most impacted by the flooding.

Workovers and other field work at Tawke and Peshkabir have quickly resumed,
whilst the Company’s Board of Directors has given the nod to plan for new
investments to maintain and then begin to bolster production. Elsewhere in
Kurdistan, DNO resumed drilling with the latest well (B-3) at the operated
Baeshiqa license (DNO 64 percent) spud on 21 February 2024. The well has reached
1,850 meters or nearly one-half of the target depth.

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

DNO ASA is a Norwegian oil and gas operator active in the Middle East, the North
Sea and West Africa. 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, Côte d’Ivoire, Netherlands and Yemen.

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

Kilde

[nucleus]

https://www.finansavisen.no/energi/2024/04/04/8114669/dno-anlegg-har-kommet-seg-etter-flom?internal_source=sistenytt Baeshiqa blir også nevnt.

[Gonzo]

Poster en link til en Twitter/X konto Som følger situasjonen mellom Krg og Baghdad tett. Er det lov å håpe på at en løsning er nær forestående?

https://x.com/john78846295?t=PGFP1jsl1UsocTh_99EaNg&s=09

[TekBot]

Brasse, Now Bestla, Brage’s Grandma, to Tie Up with Brage as Partners Approve Field Development

Oslo, 8 April 2024 - DNO ASA, the Norwegian oil and gas operator, today
announced that a final investment decision has been made for the development of
the Brasse field, to be renamed Bestla, based on a tie-back to the nearby
…

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production facilities of the Brage field. Bestla is Brage’s grandmother in Norse
mythology. By long-standing practice, all Norwegian oil and gas fields carry
Norse, Nordic or Norwegian names.

Bestla (PL740), located in the northern North Sea, is estimated to contain 24
million barrels of oil equivalent (MMboe) in recoverable reserves and is
expected to come on stream as early as the first half of 2027, subject to
government approval of a plan for development and operation (PDO) to be
submitted later this month.

In addition to DNO Norge AS (39.3 percent), the Bestla partnership includes OKEA
ASA (39.3 percent) as operator, Lime Petroleum AS (17 percent) and M Vest Energy
AS (4.4 percent). All four companies are partners in Brage (DNO 14.2567 percent)
which is also operated by OKEA; this alignment of interests and a common
operator have helped speed up studies and decisions on the best way forward.

Discovered in 2016 and appraised by five wells in 2017-2019, Bestla will be
developed with a two-well subsea tie-back to the Brage platform located at a
distance of 13 kilometers; Brage will serve as the host facility for production,
processing, and export.

As DNO continues to build its North Sea portfolio, Bestla is projected to add an
estimated 10,000 barrels of oil equivalent per day on a net basis to the Company
at peak production. Longer term, Bestla will extend the commercial viability of
the Brage facilities, allowing DNO and partners to squeeze more oil and gas out
of Brage which has been in production since 1993.

DNO has two other new fields under development offshore Norway, namely Andvare
(32 percent) and Berling (30 percent). Separately, the Company is maturing a
string of recent North Sea discoveries towards development. In 2023, DNO was the
third most active exploration driller on the Norwegian Continental Shelf and
ranked second in discovered volumes with an estimated 100 MMboe net to the
Company. DNO has prioritized near-infrastructure exploration in areas with clear
routes to commercialization of discoveries and has been an early mover in
acquiring substantial acreage positions in selected areas which have since
become exploration hotspots.

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

DNO ASA is a Norwegian oil and gas operator active in the Middle East, the North
Sea and West Africa. 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, Côte d’Ivoire, Netherlands and Yemen.

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

Kilde