DNO DNO ASA Class A

Key Information Relating to Cash Dividend

Key Information Relating to Cash Dividend

Oslo, 7 November 2024 - DNO ASA, the Norwegian oil and gas operator, today announced that pursuant to the authorization granted at the Annual General Meeting held on 6 June 2024, the Board of Directors has approved a dividend payment of NOK 0.3125 per share to be made on or about 22 November 2024 to all shareholders of record as of 15 November 2024. DNO shares will be traded ex-dividend as of 14 November 2024.

Dividend amount:NOK 0.3125 per share
  
Declared currency:NOK
  
Last day including right:13 November 2024
  
Ex-date:14 November 2024
  
Record date:15 November 2024
  
Payment date:22 November 2024 (on or about)
  
Date of approval:6 November 2024, based on authorization granted 6 June 2024

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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 4.2.4 of Euronext Oslo Rulebook II.



EN
07/11/2024

Underlying

DNODNO ASA Class A

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Reports on DNO ASA Class A

ABGSC Oil & Oil Services Research ... (+4)
  • ABGSC Oil & Oil Services Research
  • John Olaisen
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  • Oliver Dunvold
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DNO DNO ASA CLASS A

DNO (Buy, TP: NOK15.00) - Set for North Sea growth

We consider the Q3 results in line with expectations, with EBITDAX of USD107m versus our estimate of USD109m. While we find the new long-term North Sea production guidance a tad aggressive, implying a near doubling in production over 2024–2027, we still estimate the company will increase net production from ~15kboed in 2024 to >20kboed in 2027, while sustaining the current dividend level (yielding 12%), which should be covered by Kurdistan cash flow. We reiterate our BUY and NOK15 target price.

6h / 58m 6h / 58m 1 EN
ABGSC Oil & Oil Services Research ... (+4)
  • ABGSC Oil & Oil Services Research
  • John Olaisen
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 PRESS RELEASE
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DNO DNO ASA CLASS A

Key Information Relating to Cash Dividend

Key Information Relating to Cash Dividend Oslo, 7 November 2024 - DNO ASA, the Norwegian oil and gas operator, today announced that pursuant to the authorization granted at the Annual General Meeting held on 6 June 2024, the Board of Directors has approved a dividend payment of NOK 0.3125 per share to be made on or about 22 November 2024 to all shareholders of record as of 15 November 2024. DNO shares will be traded ex-dividend as of 14 November 2024. Dividend amount:NOK 0.3125 per share  Declared currency:NOK  Last day including right:13 November 2024  Ex-date:14 November 2024  Record date...

18h / 38m 1 EN
 PRESS RELEASE
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DNO Reports Solid Third Quarter Results

DNO Reports Solid Third Quarter Results Oslo, 7 November 2024 – DNO ASA, the Norwegian oil and gas operator, today reported a 24 percent increase in revenue to USD 170 million in the third quarter of 2024, with operating profit also higher at USD 31 million, up from an operating loss of USD 3 million in the previous quarter. Third quarter net production averaged 77,200 barrels of oil equivalent per day (boepd), to which Kurdistan contributed 63,200 boepd, North Sea 11,200 boepd and West Africa 2,800 boepd. Kurdistan production was up and sold at higher prices in the local market with payme...

18h / 38m 1 EN

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