DNO Reports Payment for Tawke Deliveries
(Thomson Reuters ONE) -
Oslo, 7 March 2017 - DNO ASA, the Norwegian oil and gas operator, today reported
receipt of USD 43.79 million from the Kurdistan Regional Government as payment
towards December 2016 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 36.73 million toward monthly deliveries and USD 7.06 million toward recovery
of outstanding receivables.
Tawke production in December averaged 110,335 barrels of oil per day (bopd), of
which 109,546 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, 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: 07.03.2017 - 08:00 Uhr
Sprache: Deutsch
News-ID 528546
Anzahl Zeichen: 1753
contact information:
Town:
Oslo
Kategorie:
Business News
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"DNO Reports Payment for Tawke Deliveries"
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