DNO International ASA - Restarting operations in Kurdistan region of
Iraq
(Thomson Reuters ONE) - Reference is made to DNO's Stock Exchange Notice dated 21 September2009 in relation to the notice of the same date (the Notice) from theKurdistan Regional Government (KRG) and the attached letter from theMinistry of Natural Resources (MNR) dated 5 October 2009.DNO has been in continuous discussions with the KRG over the pastweeks to address the issues raised in the Notice. Based on thesediscussions, the Company has sent the following two letters on behalfof the Board of Directors of DNO International ASA: * One letter to distinguished leaders in the Kurdistan Region and Iraq * One letter to MNR, Kurdistan RegionBoth letters are posted on DNO's web site (www.dno.no).As a result of the attached letter from MNR, DNO's rights to itsproduction sharing contracts are reinstated with immediate effect. DNO can thereby resume the role of Operator without anyrestrictions. Until a future payment mechanism for crude exports isin place, DNO will focus on local sales.All issues with respect to the Notice from KRG have now been resolvedand DNO is looking forward to continuing its successful cooperationwith KRG to the benefit of the Kurdistan Region and all people ofIraq.DNO International ASA6 October, 2009Contact:Media:Helge Eide, MD DNO International ASA Telephone: +47 23 23 84 80Ketil Jørgensen, Crux Communication Telephone +47 930 36 866(Norway)Ben Willey, Buchanan Communications Telephone: +44 207 466 5000(UK)Investor Relations:Haakon Sandborg, CFO DNO International Telephone: +47 23 23 84 80ASAhttp://hugin.info/36/R/1345858/323142.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 06.10.2009 - 07:40 Uhr
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