Oslo, 8 February 2018 - DNO ASA, the Norwegian oil and gas operator, today announced a 50 percent hike in 2018 spending in the Kurdistan region of Iraq to USD 250 million net to the Company on the back of higher revenues and regular export payments. Annual 2017 revenues stood at USD 347 million, up 72 percent from 2016, bolstered by fourth quarter revenues of USD 116 million, the highest quarterly level in more than three years.

The Company fast tracked the development of the Peshkabir field with two wells currently producing a total of 16,000 barrels of oil per day (bopd) and commingled for export with another 97,000 bopd from the other DNO-operated field, Tawke, on the same license.

"We made the Peshkabir Cretaceous discovery early in 2017, initiated early production in June, tripled output by year's end and already have exported two million barrels with an estimated value of USD 100 million - more than twice the investment to date," said DNO's Executive Chairman Bijan Mossavar-Rahmani. "And we have only started to appraise and develop this field which continues to surprise to the upside," he added.

A total of six Peshkabir wells will be drilled this year with field production expected to reach 30,000 bopd by summer and continue to ramp up in the second half of the year.

At the Tawke field, plans are being finalized with partner Genel Energy plc to drill four wells in 2018, in addition to the currently drilling Tawke-48 well slated for completion by end-February.

Elsewhere in Kurdistan, DNO has re-entered and sidetracked the Hawler-1 well to appraise the Benenan heavy oil field in the Erbil license, achieving a technical milestone with the first ever multilateral well and the first ever dual completion in Kurdistan. Testing will commence shortly, and if successful, will be followed by additional wells.

The Company received 12 monthly Kurdistan export payments during 2017 totaling USD 380 million net to DNO. The landmark August 2017 receivables settlement agreement, which increased DNO's stake in the Tawke and Peshkabir fields from 55 percent to 75 percent plus three percent of gross license revenues over five years, contributed to higher export payments.

Operational cash flow more than tripled to USD 339 million in 2017 and DNO exited the year with a net cash position of USD 30 million versus net debt of USD 139 million at end-2016.

Vad är det för fel på bolaget förväntat85 miljoner dollar de kom in med under 30 , vart gpr pengarna de pumpar ju möngder med olja , nån med bra svar luktar fisk tycker jag

Resultatet tål o synas har de åter blåst på med kostnader för hål som varit utan olja tex
http://www.newsweb.no/newsweb/attachment.do?name=2017+Interim+Results+Presentation.pdf&attId=171450

16 795 DNO aktier var till salu för 0,00 NOK vid öppningen kl.09.00.

Det tycker jag var billigt. :)

Det ser ut STOP LOSS raset blev rejält idag.

Presentationen är kl.10.00.

Jag tror vi får lite statistik från fjortisklubben Stevepick XL innan dess. :)

Byt handelsplats !

Faller som en sten, nån birdexställa lednigen mot väggen , var tR pengarna vögen, syna kostnadsposterna tex säkert uppblåsta, varför kan man fråga ,

ja - så er der købt DNO idag til 9.1 Nok !

og dér blev de solgt til 9.49 !
det var hurtigt !
hmm

Köpläge?
Presentaion kl 10 kan de vända skutan otrolig övereaktion dock, är väl robotarna som vanligt

Fortsatt kjøpstid

DNO investerar 25 % av börsvärdet ungefär 2,50 NOK per aktie !!

Sidan 12

http://hugin.info/36/R/2167134/834184.pdf

Blir nog inga problem med att få fortsätta med det avtal DNO tecknat med KRG, tror jag. Frågan är hur mycket av ca. 2 692 000 000 NOK det blir som investeras i Kurdistan under 2018, det beror nog på hur det går i förhandlingarna mellan regimen i Bagdad och KRG.

Något för regimen i Bagdad att fundera på ?

Det är inte bara jag som tror på DNO framöver. :)

"Christopher Spencer, Commercial Director, has on 8 February 2018 bought 10,000
shares in DNO ASA, at an average price of NOK 9.296 per share. Following this
transaction, he holds 29,000 shares in DNO ASA through his wholly-owned company
Chris's Corporation AS.

--

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

http://www.newsweb.no/newsweb/search.do?messageId=443767

Politisk oro sänker DNO idag

"USA svarar på angrepp i Syrien, dödar över 100 pro-regime trupper"

http://www.kurdistan24.net/en/news/8fdc54bf-a31e-426c-8390-a710810e54e6

Morsom du. 10000 og totalt 29000 aksjer, er jo bare lommerusk for han. Det er svært lite innsidekjøp blant ledelsen, og vitner ikkje akkurat om stor tro på selskapet.