DNO Reports Payment for Tawke Deliveries
(Thomson Reuters ONE) -
Oslo, 10 November 2017 - DNO ASA, the Norwegian oil and gas operator, today
reported receipt of USD 46.53 million from the Kurdistan Regional Government as
payment for August 2017 crude oil deliveries to the export market from the Tawke
license. The funds will be shared by DNO and partner Genel Energy plc pro-rata
to the companies' interests in the license.
Separately, a payment of USD 4.27 million from the Kurdistan Regional Government
has been received net to DNO, representing three percent of gross Tawke license
revenues during September 2017, as provided for under the recent receivables
settlement agreement.
DNO operates and has a 75 percent interest in the Tawke license, which contains
the Tawke and Peshkabir fields. Combined production from the two fields year-to-
date has averaged 110,000 barrels of oil per day.
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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.
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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: 10.11.2017 - 08:00 Uhr
Sprache: Deutsch
News-ID 567622
Anzahl Zeichen: 2079
contact information:
Town:
Oslo
Kategorie:
Business News
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"DNO Reports Payment for Tawke Deliveries"
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