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DNO

Kalender

Tid*
2025-11-06 07:00 Kvartalsrapport 2025-Q3
2025-08-14 07:00 Kvartalsrapport 2025-Q2
2025-06-05 N/A Årsstämma
2025-05-15 07:00 Kvartalsrapport 2025-Q1
2025-02-06 08:00 Bokslutskommuniké 2024
2024-11-14 - X-dag kvartalsutdelning DNO 0.3125
2024-11-07 - Kvartalsrapport 2024-Q3
2024-08-22 - X-dag kvartalsutdelning DNO 0.3125
2024-08-15 - Kvartalsrapport 2024-Q2
2024-06-06 - Årsstämma
2024-05-16 - X-dag kvartalsutdelning DNO 0.25
2024-05-08 - Kvartalsrapport 2024-Q1
2024-02-15 - X-dag kvartalsutdelning DNO 0.25
2024-02-08 - Bokslutskommuniké 2023
2023-11-16 - X-dag kvartalsutdelning DNO 0.25
2023-11-09 - Kvartalsrapport 2023-Q3
2023-08-24 - X-dag kvartalsutdelning DNO 0.25
2023-08-17 - Kvartalsrapport 2023-Q2
2023-05-25 - Årsstämma
2023-05-24 - X-dag kvartalsutdelning DNO 0.25
2023-05-11 - Kvartalsrapport 2023-Q1
2023-02-14 - X-dag kvartalsutdelning DNO 0.25
2023-02-09 - Bokslutskommuniké 2022
2022-11-08 - X-dag kvartalsutdelning DNO 0.25
2022-11-08 - X-dag halvårsutdelning DNO 0.25
2022-11-03 - Kvartalsrapport 2022-Q3
2022-09-13 - Extra Bolagsstämma 2022
2022-08-15 - X-dag kvartalsutdelning DNO 0.25
2022-08-11 - Kvartalsrapport 2022-Q2
2022-05-25 - Årsstämma
2022-05-12 - Kvartalsrapport 2022-Q1
2022-03-14 - X-dag kvartalsutdelning DNO 0.2
2022-02-10 - Bokslutskommuniké 2021
2021-12-21 - X-dag ordinarie utdelning DNO 0.20 NOK
2021-11-04 - Kvartalsrapport 2021-Q3
2021-07-29 - Kvartalsrapport 2021-Q2
2021-05-27 - Årsstämma
2021-05-06 - Kvartalsrapport 2021-Q1
2021-02-11 - Bokslutskommuniké 2020
2020-10-29 - Kvartalsrapport 2020-Q3
2020-07-30 - Kvartalsrapport 2020-Q2
2020-05-28 - X-dag ordinarie utdelning DNO 0.00 NOK
2020-05-27 - Årsstämma
2020-05-07 - Kvartalsrapport 2020-Q1
2020-02-28 - Extra Bolagsstämma 2020
2020-02-06 - Bokslutskommuniké 2019
2019-10-31 - Kvartalsrapport 2019-Q3
2019-10-25 - X-dag ordinarie utdelning DNO 0.20 NOK
2019-10-25 - X-dag halvårsutdelning DNO 0.2
2019-07-31 - Kvartalsrapport 2019-Q2
2019-05-29 - Årsstämma
2019-05-08 - Kvartalsrapport 2019-Q1
2019-03-27 - Bokslutskommuniké 2018
2019-03-15 - X-dag bonusutdelning DNO 0.2
2018-11-01 - Kvartalsrapport 2018-Q3
2018-09-14 - X-dag bonusutdelning DNO 0.2
2018-09-14 - X-dag halvårsutdelning DNO 0.2
2018-08-16 - Kvartalsrapport 2018-Q2
2018-06-01 - X-dag ordinarie utdelning DNO 0.00 NOK
2018-05-31 - Årsstämma
2018-02-08 - Bokslutskommuniké 2017
2017-11-09 - Kvartalsrapport 2017-Q3
2017-08-24 - Kvartalsrapport 2017-Q2
2017-06-02 - X-dag ordinarie utdelning DNO 0.00 NOK
2017-06-01 - Årsstämma
2017-04-26 - Kvartalsrapport 2018-Q1
2017-02-09 - Bokslutskommuniké 2016
2016-11-10 - Kvartalsrapport 2016-Q3
2016-08-18 - Kvartalsrapport 2016-Q2
2016-06-03 - X-dag ordinarie utdelning DNO 0.00 NOK
2016-06-02 - Årsstämma
2016-05-04 - Kvartalsrapport 2016-Q1
2016-02-11 - Bokslutskommuniké 2015
2015-11-05 - Kvartalsrapport 2015-Q3
2015-08-20 - Kvartalsrapport 2015-Q2
2015-05-29 - X-dag ordinarie utdelning DNO 0.00 NOK
2015-05-28 - Årsstämma
2015-05-06 - Kvartalsrapport 2015-Q1
2015-02-05 - Bokslutskommuniké 2014
2014-11-13 - Kvartalsrapport 2014-Q3
2014-08-21 - Kvartalsrapport 2014-Q2
2014-06-06 - X-dag ordinarie utdelning DNO 0.00 NOK
2014-06-05 - Årsstämma
2014-05-08 - Kvartalsrapport 2014-Q1
2014-02-20 - Bokslutskommuniké 2013
2013-11-14 - Kvartalsrapport 2013-Q3
2013-08-21 - Kvartalsrapport 2013-Q2
2013-06-13 - X-dag ordinarie utdelning DNO 0.00 NOK
2013-06-12 - Årsstämma
2013-05-07 - Kvartalsrapport 2013-Q1
2013-02-12 - Bokslutskommuniké 2012
2012-11-15 - Kvartalsrapport 2012-Q3
2012-08-22 - Kvartalsrapport 2012-Q2
2012-06-12 - X-dag ordinarie utdelning DNO 0.00 NOK
2012-06-11 - Årsstämma
2012-05-09 - Kvartalsrapport 2012-Q1
2012-02-15 - Bokslutskommuniké 2011
2011-11-09 - Kvartalsrapport 2011-Q3
2011-08-17 - Kvartalsrapport 2011-Q2
2011-06-10 - X-dag ordinarie utdelning DNO 0.00 NOK
2011-06-09 - Årsstämma
2011-05-11 - Kvartalsrapport 2011-Q1
2011-03-10 - Extra Bolagsstämma 2011
2011-02-16 - Bokslutskommuniké 2010
2010-11-11 - Kvartalsrapport 2010-Q3
2010-08-18 - Kvartalsrapport 2010-Q2
2010-06-18 - X-dag ordinarie utdelning DNO 0.00 NOK
2010-06-17 - Årsstämma
2010-05-11 - Kvartalsrapport 2010-Q1
2010-02-17 - Bokslutskommuniké 2009
2009-11-11 - Kvartalsrapport 2009-Q3

Beskrivning

LandNorge
ListaOB Match
SektorRåvaror
IndustriOlja & gas
DNO är ett norskt oljebolag. Den huvudsakliga verksamheten bedrivs inom prospektering och produktion, där bolaget förfogar över ett flertal licenser och rättigheter inom olje- och gasindustrin. Idag innehas störst verksamhet i Mellanöstern och Nordafrika (MENA regionen). Bolaget gick in i MENA regionen under 1998 och verksamheten består både av offshore- och onshore verksamhet. Bolaget grundades 1971 och har huvudkontor i Oslo.
2024-02-08 07:00:00

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 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 2023Q3 2023Full-Year 2023Full-Year 2022
Gross operated production (boepd)65,77325,98446,500107,637
Net production (boepd)69,68437,15052,56697,310
Revenues (USD million)1991416681,377
Operating profit/-loss (USD million)3840218431
Net profit/-loss (USD million)4-5519385
Free cash flow (USD million)33-6-82619
Net cash/-debt (USD million)153142153388

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.