DNO Reports Payment for Tawke Deliveries
(Thomson Reuters ONE) -
Oslo, 3 October 2016 - DNO ASA, the Norwegian oil and gas operator, today
reported receipt of USD 37.40 million from the Kurdistan Regional Government as
payment towards July crude oil deliveries to the export market from the Tawke
field.
The funds, to be shared pro-rata by DNO and partner Genel Energy plc, include
USD 31.37 million toward the monthly entitlement for July deliveries and USD
6.03 million toward the recovery of outstanding receivables for past deliveries.
Tawke production in July averaged 117,992 barrels of oil per day (bopd), of
which 117,579 bopd were earmarked for export. This was up from June production
levels of 114,384 bopd, of which 113,601 bopd were earmarked for export.
An amount of USD 8.41 million remains outstanding from the Kurdistan Regional
Government for Tawke June deliveries to the export market. The total invoiced
amount for June is USD 38.41 million, for which a partial payment of USD 30
million was received on 8 August 2016.
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For further information, please contact:
Media: media(at)dno.no
Investors: investor.relations(at)dno.no
Tel: +47 911 57 197
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DNO ASA is a Norwegian oil and gas operator focused on the Middle East and North
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, Yemen, Oman, the
United Arab Emirates, Tunisia and Somaliland.
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This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: DNO ASA via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 03.10.2016 - 08:01 Uhr
Sprache: Deutsch
News-ID 498270
Anzahl Zeichen: 2217
contact information:
Town:
Oslo
Kategorie:
Business News
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"DNO Reports Payment for Tawke Deliveries"
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