DNO Reports Payment for Tawke Deliveries
(Thomson Reuters ONE) -
Oslo, 27 May 2016 - DNO ASA, the Norwegian oil and gas operator, today reported
receipt of USD 16.0 million from the Kurdistan Regional Government as partial
payment to DNO and partner Genel Energy plc for April crude oil deliveries to
the export market from the Tawke field.
The total invoiced amount for April is USD 32.3 million, of which USD 27.1
million comprises the monthly entitlement and USD 5.2 million is towards the
recovery of outstanding receivables for past deliveries.
Tawke production in April averaged 118,918 barrels of oil per day (bopd), of
which 117,815 bopd were earmarked for export, up from an average of 74,546 bopd
in March.
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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.
--
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: DNO ASA via GlobeNewswire
[HUG#2015988]
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Datum: 27.05.2016 - 02:00 Uhr
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