Dno

[TekBot]

DNO ASA: Mandatory Notification of Trade

Oslo, 16 December 2019 - DNO ASA, the Norwegian oil and gas operator, has today
purchased 1,200,000 own shares at an average price of NOK 10.7412 per share.

…

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Following this transaction, DNO holds 87,200,000 own shares.

–

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

[Curly]

Ja vi har vel et tydelig brudd opp. Skulle vel bare mangle med økende oljepris og omfattende tilbakekjøp av aksjer. Neste motstand ligger vel på rundt 14, så får vi se om den kommer så høyt. Det fundamentale er hvertfall på plass.

[TekBot]

DNO ASA: Mandatory Notification of Trade

Oslo, 27 December 2019 - DNO ASA, the Norwegian oil and gas operator, has today
purchased 800,000 own shares at an average price of NOK 11.6111 per share.

…

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Following this transaction, DNO holds 94,500,000 own shares.

–

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 ASA: Mandatory Notification of Trade

Oslo, 30 December 2019 - DNO ASA, the Norwegian oil and gas operator, has today
purchased 1,200,000 own shares at an average price of NOK 11.5543 per share.

…

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Following this transaction, DNO holds 95,700,000 own shares.

–

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]

Update: DNO ASA: Mandatory Notification of Trade

Oslo, 30 December 2019 - DNO ASA, the Norwegian oil and gas operator, has today
purchased 1,200,000 own shares at an average price of NOK 11.5543 per share.

…

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Following this transaction, DNO holds 95,700,000 own shares.

–

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 ASA: Mandatory Notification of Trade

Oslo, 2 January 2020 - DNO ASA, the Norwegian oil and gas operator, has today
purchased 1,800,000 own shares at an average price of NOK 11.5544 per share.

…

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Following this transaction, DNO holds 97,500,000 own shares.

–

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 ASA: Mandatory Notification of Trade

Oslo, 6 January 2020 - DNO ASA, the Norwegian oil and gas operator, has today
purchased 1,900,000 own shares at an average price of NOK 10.2672 per share.

…

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Following this transaction, DNO holds 101,200,000 own shares.

–

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 ASA: Mandatory Notification of Trade

Oslo, 7 January 2020 - DNO ASA, the Norwegian oil and gas operator, has today
purchased 2,100,000 own shares at an average price of NOK 10.0735 per share.

…

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Following this transaction, DNO holds 103,300,000 own shares.

–

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 ASA: Mandatory Notification of Trade

Oslo, 8 January 2020 - DNO ASA, the Norwegian oil and gas operator, has today
purchased 2,200,000 own shares at an average price of NOK 10.0274 per share.

…

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Following this transaction, DNO holds 105,500,000 own shares.

–

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 ASA: Mandatory Notification of Trade

Oslo, 10 January 2020 - DNO ASA, the Norwegian oil and gas operator, has today
purchased 681,415 own shares at an average price of NOK 10.3885 per share.

…

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Following this transaction, DNO holds 108,381,415 own shares.

–

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 Operations Update: 2019 Production Climbs 29 Percent on the Back of Acquisitions, Record Drilling

Oslo, 14 January 2020 - DNO ASA, the Norwegian oil and gas operator, today
announced a 29 percent year-on-year increase in its net Company Working Interest
(CWI) production in 2019 to 104,800 barrels of oil equivalent per day (boepd) on
…

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the back of acquisitions and a record drilling campaign.

In the Kurdistan region of Iraq, production from the two fields in the Tawke
license climbed from 113,100 barrels of oil per day (bopd) in 2018 (79,700 bopd
CWI) to 124,000 bopd in 2019 (87,400 bopd CWI). Production of 122,800 bopd in
the fourth quarter of 2019 was up 3,000 bopd from the previous quarter. The
Company is operator of the Tawke license with a 75 percent interest.

With the acquisition of Faroe Petroleum plc, which gave the Company a foothold
offshore Norway and the United Kingdom, production from the North Sea added
another 17,400 boepd in 2019 (19,000 boepd in the fourth quarter was up from
14,900 boepd in the previous quarter). DNO currently holds 87 licenses in Norway
and 15 in the United Kingdom, The Netherlands and Ireland; of these 28 are on
production (13 fields) and the balance in various stages of evaluation,
exploration and development.

Last year, the Company delivered the largest annual drilling program in its 48-
year history with 36 wells drilled or spudded across its portfolio, including
24 development/infill and 12 exploration/appraisal wells. The level of drilling
activity is expected to remain high in 2020.

At Tawke, 2019 production stood at 68,800 bopd, with wells drilled last year
contributing 13 percent of field production at yearend. At Peshkabir, 2019
production stood at 55,200 bopd, with wells drilled in 2019 contributing 40
percent of field production at yearend.

“Even though Tawke is now a mature field, we are continuously finding ways to
slow its decline while teasing additional production from the newer Peshkabir
field, all the while probing for other opportunities in Kurdistan,” said DNO’s
Executive Chairman Bijan Mossavar-Rahmani.

Elsewhere in Kurdistan, DNO reported a discovery in the Baeshiqa-2 exploration
well last November after flowing variable rates of light oil and sour gas to
surface from the upper part of Triassic Kurra Chine B reservoir following acid
stimulation. Further testing of this and several other Jurassic and Triassic
zones will determine the next steps towards appraisal and assessment of
commerciality. DNO holds a 32 percent interest and operatorship of the Baeshiqa
license.

Meanwhile, the Peshkabir-to-Tawke gas injection project designed to increase oil
recovery rates at Tawke while eliminating flaring at Peshkabir will be completed
in March 2020. Once completed, CO(2) emissions from DNO’s operated fields will
average 7 kilograms per barrel of oil equivalent (boe) produced, compared to an
average of 9 kilograms per boe on the Norwegian Continental Shelf and a global
average of 18 kilograms per boe.

DNO retained a strong cash balance of USD 480 million at yearend 2019 plus USD
144 million in marketable securities. Following a delay in export payments last
month from the Kurdistan Regional Government to oil operators, DNO has since
yearend received payment for its August oil sales totaling USD 52 million net to
the Company.

The Company has drawn on its cash balances to buy back outstanding bonds and to
return money to shareholders through a combination of share buybacks and
dividend distributions.

During 2019, DNO bought back USD 64.6 million in nominal value of FAPE01 bonds
originally issued by Faroe Petroleum. The bonds were purchased at a weighted
average price of 107.41. Following the buybacks and USD 14.2 million in
cancellations due to put option exercises, USD 21.2 million in nominal value of
the FAPE01 bonds remain outstanding.

In August 2018, DNO announced its first dividend distribution to shareholders in
13 years. Since then, DNO has paid three semi-annual dividends of NOK 0.20 per
share (total dividend distribution to date of NOK 620.5 million or USD 72
million). The next semi-annual distribution is expected to be made in the spring
following approval by the Board of Directors.

At the 2019 Annual General Meeting shareholders authorized a share buyback
program which was completed on 10 January 2020 and increased the number of own
shares held by the Company from 35 million to 108,381,415 shares to reach the
total authorized level of 10 percent. Altogether DNO has spent NOK 1.15 billion
(USD 129 million) on this share buyback program since 2015. The weighted average
price for the 10 percent own shares acquired by the Company is NOK 10.61 per
share.

–

For further information, please contact:
Media: media@dno.no
Investors: investor.relations@dno.no
Tel: +47 23 23 84 80

–

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 Receives 10 Awards in Norway’s APA Licensing Round

Oslo, 14 January 2020 - DNO ASA, the Norwegian oil and gas operator, today
announced that its wholly-owned subsidiary DNO Norge AS has been awarded
participation in 10 exploration licenses, of which two are operatorships, under
…

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Norway’s Awards in Predefined Areas (APA) 2019 licensing round.

Of the 10 new licenses, five are in the North Sea, two in the Norwegian Sea and
three in the Barents Sea. Prior to today’s announcement, DNO held interests in
87 licenses offshore Norway, of which 22 are operated by the Company.

The new awards under the APA 2019 licensing round include:

PL1083: Lundin Norway AS (operator), Petoro, DNO Norge AS (30%)

PL1077: Equinor Energy AS (operator), DNO Norge AS (40%)

PL1076: Equinor Energy AS (operator), DNO Norge AS (50%)

PL1070: Total E&P Norge AS (operator), Vår Energi AS, DNO Norge AS (30%)

PL1056: AS Norske Shell (operator), Petoro, Wintershall DEA Norge AS, DNO Norge
AS (20%)

PL1048: Lundin Norway AS (operator), DNO Norge AS (50%)

PL987 B: Suncor Energy Norge AS (operator), Vår Energi AS, Lundin Norway AS,
DNO Norge AS (20%)

PL055 E: Wintershall DEA (operator), Repsol Norge AS, Vår Energi AS, Neptune
Energy Norge AS, DNO Norge AS (14.2567%)

PL984 BS: DNO Norge AS (operator, 40%), Vår Energi AS, Source Energy AS

PL1036: DNO Norge AS (operator, 60%), Source Energy AS

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For further information, please contact:
Media: media@dno.no
Investors: investor.relations@dno.no
Tel: +47 23 23 84 80

–

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 ASA: FAPE01 bond buyback

Oslo, 15 January, 2020 - DNO ASA, the Norwegian oil and gas operator, today
purchased USD 5.0 million in nominal value of FAPE01 bonds (ISIN NO0010811268)
originally issued by Faroe Petroleum plc, and renamed DNO North Sea plc. The
…

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bonds were purchased at a price of 107.125. Following the bond buyback, USD
16.2 million in nominal value of the FAPE01 bonds remain outstanding with DNO
ASA holding the balance of USD 69.6 million. The FAPE01 bonds mature on 28 April
2023.

–

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 Calls Meeting to Cancel 108,381,415 Own Shares Held by Company

Oslo, 4 February 2020 - DNO ASA, the Norwegian oil and gas operator, today
announced that its Board of Directors has called an Extraordinary General
Meeting on 28 February 2020 to seek shareholder approval to cancel all
…

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108,381,415 own shares held by the Company. Acquisition of the 10 percent stake
was completed last month at a weighted average price of NOK 10.61.

–

For further information, please contact:
Media: media@dno.no
Investors: Investor.relations@dno.no?
Tel: +47 23 23 84 80

–

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 Record Revenues, Production; Steps Up Returns to Shareholders

Oslo, 6 February 2020 - DNO ASA, the Norwegian oil and gas operator, today
reported interim 2019 revenues of USD 971 million, the highest in the Company’s
48-year history, on the back of acquisitions and a record drilling campaign
…

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driving a 28 percent year-on-year increase in Company Working Interest (CWI)
production to 104,800 barrels of oil equivalent per day (boepd). Net profit last
year stood at USD 74 million.

The Company exited 2019 with a cash balance of USD 486 million and USD 145
million in marketable securities. The cash balance excludes two delayed export
payments totaling USD 107 million net to DNO received from the Kurdistan
Regional Government in 2020.

In January 2020, DNO completed a buyback program of up to 10 percent of own
shares, having acquired 108,381,415 shares at a weighted average price of NOK
10.61 per share (for a total cost of USD 129 million). The Board of Directors
has called for an Extraordinary General Meeting later this month to seek
shareholder approval to cancel the treasury shares.

The Board of Directors also plans to approve distribution of the next semi-
annual dividend of NOK 0.20 per share in March 2020, following which DNO will
have returned USD 200 million to shareholders since August 2018.

Last year, the Company delivered its largest ever annual drilling program with
36 wells drilled or spudded across its portfolio, of which 24 were
development/infill and 12 exploration/appraisal wells. Planned operational spend
(capital and exploration expenditures plus lifting costs) will remain high in
2020 at USD 650 million.

In Kurdistan, gross production from the two fields in the DNO-operated Tawke
license climbed to 124,000 barrels of oil per day (bopd) in 2019 (87,400 bopd
CWI), up from 113,100 bopd in 2018 (79,700 bopd CWI). Average production of
122,800 bopd in the fourth quarter of 2019 was up 3,000 bopd from the previous
quarter. In November 2019, the Company reported a discovery in its operated
Baeshiqa license, with the well now undergoing a workover prior to resumption of
acid stimulation and testing of remaining reservoirs to assess commerciality.

Through acquisition of Faroe Petroleum plc, the Company added North Sea
production of 17,400 boepd in 2019. Average production of 19,000 boepd in the
fourth quarter of 2019 was up 4,100 boepd from the previous quarter. The Company
was awarded 10 licenses in Norway’s Awards in Predefined Areas (APA) 2019
licensing round adding to the 87 licenses already held in Norway and 15 across
the United Kingdom, the Netherlands and Ireland. Of these licenses, 28 are on
production (13 fields) and the balance in various stages of evaluation,
exploration and development.

The Peshkabir-to-Tawke gas gathering and reinjection project designed to
increase oil recovery rates at Tawke while eliminating flaring at Peshkabir will
be completed in spring 2020. Once completed, CO(2) emissions from DNO’s operated
Kurdistan fields are expected to drop to around 7 kilograms per barrel, compared
to an industry average of about 9 kilograms per barrel in Norway and about 18
kilograms per barrel globally.

–

For further information, please contact:
Media: media@dno.no
Investors: investor.relations@dno.no
Tel: +47 23 23 84 80

–

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]

Notice of Extraordinary General Meeting

Oslo, 7 February 2020 - DNO ASA, the Norwegian oil and gas operator, today
announced that the Extraordinary General Meeting scheduled for 28 February 2020
will be held at 10:00 am at the Company’s offices located at Dokkveien 1, Oslo.
…

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The purpose of the meeting will be to seek shareholder approval to cancel all
108,381,415 own shares currently held by the Company.

The formal notice of the Extraordinary General Meeting, including the statement
of the auditor concerning reduction of share capital, the attendance form, the
proxy without voting instructions and the proxy with voting instructions are
attached.

The electronic system for notification of attendance is available at the
following link: Electronic registration
(https://eur04.safelinks.protection.outlook.com/?url=https%3A%2F%2Finvestor.vps.
no%2Fgm%2FlogOn.htm%3Ftoken%3Da8ba482048299d929cdc4d9936e8122741b96bb2%26validTo
%3D1585472400000%26oppdragsId%3D20200206VPMAR6U0&data=02%7C01%7CUte.Quinn%40dno.
no%7C453ae49595a345bf87d408d7ab110376%7Ca5e274c36edc4b3494d69fd987896240%7C1%7C0
%7C637165961867601450&sdata=ilkA%2FYyQVOR6sRnW7EEMiI7%2BHpzj0r4cY%2F4j9Mcedjo%3D
&reserved=0)

–

For further information, please contact:
Media: media@dno.no
Investors: investor.relations@dno.no
Tel: +47 23 23 84 80

–

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

[Sjakk]

Number of the beast

[rayman]

Er det ett tegn på at man burde komme seg ut?

[Sjakk]

Kommer an på trosretning. Nå har jeg ment dette er et godt kjøp siden 15kr. Men har stadig blitt stoppa ut. Og etter Iran/Irak bråket kasta jeg meg ut før det virkelig gikk galt med kursen. Så her har jeg meldt helt pass. Satt noen tekniske indikatorer som jeg overvåker. Og venter på oppturen som må komme. Enn så lenge så ser det ut til at investorene har det travelt med å tømme pengene sine ut av oljeselskapene generelt og DNO spesielt.

[rayman]

Ja, det ser ikke lyst ut i noen oljeselskap om dagen. DNO blør jo daglig, de priser vel ganske nær kontantbeholdning q4.