DNO DNO ASA Class A

DNO Shares Traded Ex-Dividend

DNO Shares Traded Ex-Dividend

Oslo, 14 November 2024 – DNO ASA, the Norwegian oil and gas operator, today announced that the Company’s shares will be traded ex-dividend effective 14 November 2024.

A dividend payment of NOK 0.3125 per share will be made on or about 22 November 2024 to all shareholders of record as of 15 November 2024.

For further information, please contact:



Media: 

Investors: 

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
14/11/2024

Underlying

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Reports on DNO ASA Class A

Steffen Evjen
  • Steffen Evjen

US shale: limited revisions and colour on 2025 activity levels

Our Q3 survey of the US shale universe showed limited revisions to guidance for 2024, and we still expect muted 2024 production growth of ~4–5% YOY (+8% YOY in 2023). Our survey also suggests capex down ~2% YOY, as the companies continue to guide for flat activity. Limited colour was provided on 2025 activity levels and associated capex, which we will know more about in the Q4 results season. For Q3, our universe marginally underspent its cash flow, albeit with net debt continuing to build QOQ a...

 PRESS RELEASE

DNO Shares Traded Ex-Dividend

DNO Shares Traded Ex-Dividend Oslo, 14 November 2024 – DNO ASA, the Norwegian oil and gas operator, today announced that the Company’s shares will be traded ex-dividend effective 14 November 2024. A dividend payment of NOK 0.3125 per share will be made on or about 22 November 2024 to all shareholders of record as of 15 November 2024. – For further information, please contact: Media:  Investors:  – 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 onsh...

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 & discussion

This week, DNO reported Q3 underlying results fairly in line with our estimates. It also introduced a long-term production guidance for its North Sea operations, which we find a bit too aggressive. Still, we estimate the North Sea net production to increase from 15kboed in 2024 to >20kboed in 2027. In other news, Equinor acquired a 11.8% stake from Sval Energi in the Halten East development, and BlueNord’s preliminary October production figures were at the lower end of its Q4 base production gui...

Stephane Foucaud
  • Stephane Foucaud

AUCTUS ON FRIDAY - 01/11/2024

AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; Target price of A$0.70 per share: Approvals to start well testing at Welchau received. Rig and test equipment mobilized – All necessary approvals have been received to commence flow testing operations on the Welchau-1 discovery well for the period from 30 October 2024 until 31 March 2025. A workover rig has been mobilised to the Welchau-1 drill site with flow testing due to commence during the second half of Novem...

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