DNO Reports Payment for Tawke Deliveries

DNO Reports Payment for Tawke Deliveries

ID: 551249

(Thomson Reuters ONE) -


Oslo, 6 July 2017 - DNO ASA, the Norwegian oil and gas operator, today reported
receipt of USD 40.66 million from the Kurdistan Regional Government as payment
towards April 2017 crude oil deliveries to the export market from the Tawke
license. The funds, to be shared pro-rata by DNO and partner Genel Energy plc,
include USD 34.10 million towards monthly deliveries and USD 6.56 million
towards recovery of outstanding receivables.

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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-North
Africa region and the North Sea. 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, Oman, Somaliland, Tunisia, the United Kingdom and Yemen.

--

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






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Bereitgestellt von Benutzer: hugin
Datum: 06.07.2017 - 08:00 Uhr
Sprache: Deutsch
News-ID 551249
Anzahl Zeichen: 1630

contact information:
Town:

Oslo



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