DNO DNO ASA Class A

DNO Shares Traded Ex-Dividend

DNO Shares Traded Ex-Dividend

Oslo, 13 February 2025 – DNO ASA, the Norwegian oil and gas operator, today announced that the Company’s shares will be traded ex-dividend effective 13 February 2025.

A dividend payment of NOK 0.3125 per share will be made on or about 21 February 2025 to all shareholders of record as of 14 February 2025.

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DNO ASA is a Norwegian oil and gas operator active in the Middle East, the North Sea and West 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, Norway, the United Kingdom, Côte d’Ivoire, Netherlands and Yemen.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and section 4.2.5.3 of Euronext Oslo Rulebook II.





EN
13/02/2025

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Reports on DNO ASA Class A

ABGSC Energy Research ... (+7)
  • ABGSC Energy Research
  • Daniel Vårdal Haugland
  • Haakon Amundsen
  • John Olaisen
  • Njål Kleiven
  • Oliver Dunvold
  • Stian Wibstad
Steffen Evjen
  • Steffen Evjen

Weekly news, topics & discussion

This week, the Norwegian Offshore Directorate (NOD) released preliminary January production figures for the NCS, showing a 6.5% YOY decline, with overall production at 4.17mmboed on weaker gas output. Uncertainty remains over Kurdistan oil exports, with reports suggesting a potential March restart, although Turkey has yet to receive confirmation. In exploration, the NOD confirmed the Bounty Updip prospect as dry.

Steffen Evjen
  • Steffen Evjen

January NCS production down YOY

The Norwegian Offshore Directorate’s (NOD) preliminary January NCS figures showed liquids production of 1,990kboed (0.5% above its forecast) and soft gas production of 346mcm/d (2.6% below its estimate). Overall production was 4.17mmboed (1% below its forecast), down 2.8% MOM and 6.5% YOY. Company-wise, December production should be well known following the Q4 results for our NCS coverage.

Steffen Evjen
  • Steffen Evjen

Valuation update

In this note, we show updated valuation statistics for the E&P sector.

Steffen Evjen
  • Steffen Evjen

Weekly news, topics and discussion

This week, Aker BP reported solid Q4 results, with 2025 production guidance in line with our estimates and consensus, although 2025 capex was slightly above. Vår Energi reported softer Q4 results than expected but raised its quarterly dividend from USD270m to USD300m (~15% yield). However, we remain cautious on long-term dividend sustainability, given the expected decline in FCF from 2027e due to raised capex guidance. Meanwhile, BlueNord announced its first dividend of USD215m (~15% yield), sch...

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