DNO Reports Payment for Tawke Deliveries
(Thomson Reuters ONE) -
Oslo, 5 December 2016 - DNO ASA, the Norwegian oil and gas operator, today
reported receipt of USD 36.20 million from the Kurdistan Regional Government as
payment towards September 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 30.36 million toward the monthly entitlement for September deliveries and
USD 5.84 million toward the recovery of outstanding receivables for past
deliveries.
Tawke production in September averaged 112,897 barrels of oil per day (bopd), of
which 112,282 bopd was delivered for export through Turkey.
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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: 05.12.2016 - 08:01 Uhr
Sprache: Deutsch
News-ID 510751
Anzahl Zeichen: 1839
contact information:
Town:
Oslo
Kategorie:
Business News
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"DNO Reports Payment for Tawke Deliveries"
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