DNO ASA A NK -,25 overview

Oslo, 7 March 2025 – DNO ASA, the Norwegian oil and gas operator, today announced it has reached agreement to acquire 100 percent of the shares of Sval Energi Group AS from HitecVision for a cash consideration of USD 450 million based on an enterprise value of USD 1.6 billion. The Sval Energi assets are complementary to DNO’s North Sea portfolio and will add scale and diversification to solidify the Company’s position as a leading listed European independent oil and gas company. The...

Oslo, 5 March 2025 – DNO ASA, the Norwegian oil and gas operator, today confirmed a gas/condensate discovery on the Mistral prospect in the Norwegian Sea license PL1119 in which the Company’s wholly-owned subsidiary DNO Norge AS recently acquired a 10 percent interest. The well encountered a 45-meter hydrocarbon column with good reservoir properties in the Garn Formation. Preliminary estimates of gross recoverable resources encountered are in the range of 19-44 million barrels of oil...

Oslo, 13 February 2025 – DNO ASA, the Norwegian oil and gas operator, today announced that the Company’s shares will be traded ex-dividend effective 13 February 2025. A dividend payment of NOK 0.3125 per share will be made on or about 21 February 2025 to all shareholders of record as of 14 February 2025. – For further information, please contact: Media: [email protected] Investors: [email protected] – DNO ASA is a Norwegian oil and gas operator active in the Middle East, the North Sea...

Oslo, 6 February 2025 - DNO ASA, the Norwegian oil and gas operator, today announced that pursuant to the authorization granted at the Annual General Meeting held on 6 June 2024, the Board of Directors has approved a dividend payment of NOK 0.3125 per share to be made on or about 21 February 2025 to all shareholders of record as of 14 February 2025. DNO shares will be traded ex-dividend as of 13 February 2025. Dividend amount: NOK 0.3125 per share Declared currency: NOK Last day including right:...

Oslo, 6 February 2025 – DNO ASA, the Norwegian oil and gas operator, today reported 2024 revenues of USD 667 million on the back of stellar production in the Kurdistan region of Iraq in a year marked by continuing North Sea expansion. Cash from operations increased nearly 50 percent to USD 433 million year-on-year. Operating profit dropped to USD 6 million reflecting the Company’s decision to take non-cash impairments of USD 146 million in its accounts, part of which was previously reported....

Oslo, 16 January 2025 – DNO ASA, the Norwegian oil and gas operator, will publish its Q4 2024 operating and interim financial results on 6 February at 07:00 (CET). A videoconference call with executive management will follow at 14:00 (CET). Today the Company provides an update on production, sales volumes and other selected information for the quarter. Volumes (boepd) Gross operated production Q4 2024 Q3 2024 Q4 2023 Kurdistan 74,163 84,212 65,773 North Sea 6,602 - - Net entitlement production...

Oslo, 14 January 2025 – DNO ASA, the Norwegian oil and gas operator, today announced that its wholly-owned subsidiary DNO Norge AS has been awarded participation in 13 exploration licenses, of which four are operatorships, under Norway's Awards in Predefined Areas (APA) 2024 licensing round. Of the 13 new licenses, 10 are in the North Sea and three in the Norwegian Sea. At yearend 2024, DNO held interests in 84 licenses offshore Norway, of which 17 were operated by the Company. The new awards...

Oslo, 19 December 2024 – DNO ASA, the Norwegian oil and gas operator, today announced that the Company’s wholly-owned subsidiary DNO Norge AS has entered into a swap agreement with OKEA ASA to farm into a 10 percent interest in PL1119 containing the Mistral prospect. In exchange, OKEA will pick up a 10 percent interest in PL1109 containing the Horatio prospect. The Mistral prospect is located just south of the Åsgard area in the Norwegian Sea. Drilling is expected to commence shortly using...