|Bid||10.04 x 162000|
|Ask||10.05 x 728400|
|Day's range||9.99 - 10.12|
|52-week range||5.00 - 12.63|
|PE ratio (TTM)||N/A|
|Earnings date||8 Feb 2018 - 15 Feb 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||1.44|
Oslo, 10 November 2017 - DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 46.53 million from the Kurdistan Regional Government as payment for August 2017 crude oil deliveries ...
Iraq's Kurdistan has made its full monthly payment of around $100 million to oil producers working on its territory, despite a big drop in oil exports amid a political crisis roiling the semi-autonomous region. A source close to the Kurdistan regional government told Reuters that full monthly payments had been made to companies such as Genel, DNO (LSE: 0MHP.L - news) , Gulf Keystone, Gazprom and Taqa. The news will be a relief to producers, which have been used to years of non-payments by Kurdistan until the region ramped up exports last year and promised to switch to timely payments on the back of large loans it obtained from oil buyers.
Oslo, 9 November 2017 - DNO ASA, the Norwegian oil and gas operator, today announced flow rates of more than 3,000 barrels of oil per day (bopd) from the first zone tested in the Peshkabir-3 well in the ...
** DNO shares down 4.3 percent as Iraqi forces launch attack to retake the oil-rich city of Kirkuk from Kurdish fighters ** The fighting endangers revenues of Kurdistan Regional Government from oil fields ...
Oslo, 16 October 2017 - DNO ASA, the Norwegian oil and gas operator, today reported the first payment from the Kurdistan Regional Government under the recently concluded agreement covering outstanding ...
LONDON, Oct (Shenzhen: 000069.SZ - news) 11 (Reuters) - Foreign oil producers in Iraqi Kurdistan said on Wednesday they received on time monthly payments for crude sales from the local government as it faces threats of sanctions from Baghdad and Turkey following a controversial independence referendum.
** Revenues of oil firms Genel, DNO and Shamaran Petroleum are at risk of falling sharply if Turkey were to block crude exports from Iraqi Kurdish oilfields, broker Sparebank 1 Markets says in note to ...
Iraq on Sunday urged foreign countries to stop importing crude directly from its autonomous Kurdistan region and to restrict oil trading to the central government. The call, published in statement from Prime Minister Haider al-Abadi's office, came in retaliation for the Kurdistan Regional Government's plan to hold a referendum on independence on Monday. The central government's statement seems to be directed primarily at Turkey, the transit country for all the crude produced in Kurdistan.
Russian oil major Rosneft will invest in gas pipelines in Iraq's autonomous Kurdistan, expanding its commitment to the region ahead of an independence referendum to help it become a major exporter of gas to Turkey and Europe. Kurdistan's parliament approved a plan on Friday to hold a referendum on independence on Sept. 25, ignoring opposition from Baghdad and the wider region as well as Western concerns that the vote could heighten tensions in the region. Kurdistan has been exporting oil independently from Baghdad since 2014 and Kremlin (IOB: 0Q8D.IL - news) -controlled Rosneft joined the list of buyers this year, lending the region hundreds of millions of dollars in loans guaranteed by future oil sales.
Norway's licensing round to explore for oil and gas in mature offshore areas attracted bids from 39 companies, up from 33 firms last year, the Oil and Energy Ministry said on Wednesday. The announcement comes five days before a parliamentary election in Norway, where some opposition parties have called for scaling back exploration to reduce carbon emissions from Western Europe's top oil and gas producer.
OSLO/AMSTERDAM, Aug 24 (Reuters) - Norway's DNO (LSE: 0MHP.L - news) and British-based Genel Energy (Other OTC: GEGYF - news) , have struck deals with Iraq's Kurdistan Regional Government (KRG) to clear outstanding debt and restructure oil export payments, the oil companies said on Thursday. The agreements resolve a long-standing issue between two of the main foreign oil producers in Iraqi Kurdistan and the KRG about overdue payments that had clouded relations and made the firms cautious about further investment in the region. By 0848 GMT, DNO's shares were up 6.5 percent and Genel Energy's rose 6.9 percent.
Middle-East focused DNO made an unexpected return to the North Sea by announcing on Thursday an acquisition of privately-held oil firm Origo Exploration with 11 licenses off Norway and Britain. DNO (LSE: 0MHP.L - news) spun off its Norwegian assets several years ago to focus on exploration in the Middle East and North Africa, becoming the biggest oil producer in the Kurdistan region of Iraq. "The transaction ... fast-tracks DNO's reentry into Norway after a six-year hiatus during which the company has built a successful Middle East presence," DNO said in a statement.
Gulf Keystone Petroleum, an oil producer in Iraq's Kurdistan region, managed to lower its annual losses after cost cuts and a debt-for-equity deal that saved the company but uncertainty remains over raising output from its main oilfield. Gulf Keystone reported an annual pretax loss of $17 million on Thursday, down from a $213 million loss in 2015 after it swapped $500 million of debt for equity last year and made stringent cost cuts. Having turned a corner financially, doubts remain over whether it will be able to make needed investments in time to prevent a natural production drop at its Shaikan oilfield.
** Stocks of oil producers active in Iraq's Kurdistan rise after Reuters reports details of oil pre-payment deals between Kurdistan, trading houses and Rosneft ** Genel Energy +6.5 pct, DNO +3.2 pct and ...