View ValuationDNO 향후 성장Future 기준 점검 4/6DNO (는) 각각 연간 44.2% 및 3.3% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 45% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 24.7% 로 예상됩니다.핵심 정보44.2%이익 성장률44.96%EPS 성장률Oil and Gas 이익 성장6.6%매출 성장률3.3%향후 자기자본이익률24.70%애널리스트 커버리지Low마지막 업데이트07 May 2026최근 향후 성장 업데이트공시 • Dec 09Trym Reboot Boosts North Sea OutputDNO ASA announced that its operated Trym field in the Norwegian North Sea license PL147 (DNO 50 %) is back on production after a five-year shutdown during which TotalEnergies redeveloped the Tyra field infrastructure in the Danish North Sea to which Trym is tied back. First commissioned in 2011, Trym is expected to contribute 3,000 barrels of oil equivalent per day (boepd) net to DNO at plateau. Remaining reserves are estimated at two million barrels of oil equivalent (MMboe) net to DNO. Available capacity at the Trym subsea template represents further opportunities. The Company is currently assessing a development of the 2013 Trym Sør discovery containing recoverable resources of around two MMboe net to DNO, possibly adding production from early 2027. In addition, DNO has identified nearby exploration prospects that may be drilled from the Trym subsea template, potentially extending its lifetime.공시 • Apr 04DNO ASA Announces Kurdistan Operations Recover Rapidly from Torrential FloodingDNO ASA announced that production and field operations at its operated Tawke license (DNO 75%) in the Kurdistan region of Iraq have recovered from torrential flooding that also washed away large sections of the banks of the Khabur River, damaging roads and interfering with loading of tanker trucks for deliveries to buyers. The flooding resulted from local downpours combined with snowmelt in neighboring Türkiye in the latter half of March. This led DNO to temporarily shut in its Tawke field for safety reasons while maintaining uninterrupted operations at the less exposed Peshkabir field, also within the Tawke license. Gross license production dropped from above 80,000 barrels per day (bopd) to an average of 65,000 during a 10-day period but was restored to its pre-flooding level on 30 March 2024 as DNO worked to minimize flooding exposure, inspect damage and take remedial actions including installing additional truck loading facilities. Given shortages of heavier crudes in regional markets, DNO negotiated with its customers to nudge Tawke/Peshkabir prices to the mid-USD 30 per barrel level. DNO share of sales continue to be paid directly to the Company in advance of loadings and have averaged in excess of USD 25 million per month in 2024. No DNO employees were hurt though several substantial pieces of equipment weighing tons were washed away and have yet to be located. Notwithstanding major damage in the town of Zakho, neighboring the Tawke field, the 2,000 year-old Roman-era arched bridge, a popular tourist attraction, survived intact. The Company provided relief to the local community by supplying home appliances, including refrigerators, to families most impacted by the flooding. Workovers and other field work at Tawke and Peshkabir have quickly resumed, whilst the Company’s Board of Directors has given the nod to plan for new investments to maintain and then begin to bolster production. Elsewhere in Kurdistan, DNO resumed drilling with the latest well (B-3) at the operated Baeshiqa license (DNO 64%) spud on 21 February 2024. The well has reached 1,850 meters or nearly one-half of the target depth.공시 • Oct 16DNO ASA Reopens Production At Tawke PSCDNO ASA announced that production was shutdown following the closure of the Iraq-Türkiye pipeline on 25 March 2023. The Tawke field was reopened on 18 July and production has since ramped up, with the contractor share of crude oil from the field during the quarter sold to local buyers with payments received directly in advance. No crude oil was delivered to the Kurdistan Regional Government for export by pipeline through Türkiye.공시 • Aug 18DNO ASA Announces Update on Tawke PSCDNO ASA has issued an update on licence activity. Following a four-month shut-in triggered by the closure of the Iraq-Turkey Pipeline export route, DNO has partially restarted operations at the Tawke field and is currently selling its entitlement share of oil production to local trading companies. DNO restarted partial oil production from the Tawke field to conduct well integrity and reservoir tests but has continued to produce to meet strong demand for Tawke oil. Tawke output is currently averaging around 40,000 bopd, of which one-half is delivered to the Kurdistan Regional Government as its entitlement and the balance is sold to local trading companies.모든 업데이트 보기Recent updates공시 • Feb 06DNO ASA Approves Dividend, Payable on or About 25 February 2026The Board of Directors of DNO ASA has approved a dividend payment of NOK 0.375 per share to be made on or about 25 February 2026 to all shareholders of record as of 16 February 2026. DNO shares will be traded ex-dividend as of 13 February 2026.공시 • Nov 27DNO ASA, Annual General Meeting, Jun 04, 2026DNO ASA, Annual General Meeting, Jun 04, 2026.공시 • Nov 26+ 4 more updatesDNO ASA to Report First Half, 2026 Results on Aug 13, 2026DNO ASA announced that they will report first half, 2026 results on Aug 13, 2026공시 • Nov 20+ 1 more updateORLEN Upstream Norway AS agreed to acquire 7.60% stake in Ekofisk Previously Produced Fields (PPF) project in license PL018B and PL018F in Norway from DNO ASA (OB:DNO).ORLEN Upstream Norway AS agreed to acquire 7.60% stake in Ekofisk Previously Produced Fields (PPF) project in license PL018B and PL018F in Norway from DNO ASA (OB:DNO) on November 18, 2025. A cash consideration will be paid by ORLEN Upstream Norway AS. In related transaction, DNO also announced the acquisition from Orlen of a 20% interest in license PL1135, which contains the Cassio prospect, as well as a 0.8272 percent interest in the Verdande field. DNO will retain its 7.604 percent in PL018 containing the producing fields Ekofisk, Eldfisk and Embla as well as a share in the Tor Unit. The transaction is subject to approval by regulatory board / committee.공시 • Nov 07DNA ASA Proposes Dividend, Payable on or About 24 November 2025DNO ASA announced that pursuant to the authorization granted at the Annual General Meeting held on 5 June 2025, the Board of Directors has approved a dividend payment of NOK 0.375 per share to be made on or about 24 November 2025 to all shareholders of record as of 14 November 2025. DNO shares will be traded ex-dividend as of 13 November 2025.Date of approval: 5 November 2025.공시 • Sep 24DNO ASA Announces Chief Financial Officer ChangesDNO ASA announced that Birgitte Wendelbo Johansen has been appointed Chief Financial Officer effective 1 November 2025, replacing Haakon Sandborg who is stepping down following 24 years in the role. Ms. Johansen joins DNO from Reach Subsea ASA, an Oslo Børs listed oil services company, where she served as Chief Financial Officer since 2012. Prior to this, she had a successful career in banking, specializing in shipping and energy. Mr. Sandborg joined DNO from corporate finance roles at DNB and the Aker oil services group and is DNO’s longest serving staffer. Mr. Sandborg will remain at the Company in a senior advisory role until the end of the year.공시 • Aug 21DNO ASA Approves Quarterly Cash Dividend, Payable on or About 8 September 2025DNO ASA approved quarterly cash dividend payment of NOK 0.375 per share to be made on or about 8 September 2025 to all shareholders of record as of 29 August 2025. DNO shares will be traded ex-dividend as of 28 August 2025.공시 • Jun 12DNO ASA (OB:DNO) completed the acquisition of Sval Energi Group AS from HitecVision AS (OTCNO:HITV) and others.DNO ASA (OB:DNO) reached agreement to acquire Sval Energi Group AS from HitecVision AS (OTCNO:HITV) and others for an enterprise value of $1.6 billion on March 7, 2025. The cash consideration of $450 million based on an enterprise value of $1.6 billion. The Sval Energi assets are complementary to DNO’s North Sea portfolio and will add scale and diversification to solidify the Company’s position as a leading listed European independent oil and gas company. The acquisition will be financed with existing cash and other debt financing facilities available to DNO. At year end 2024, DNO ASA held USD 900 million in cash and a further USD 100 million liquidity under its reserve-based lending (RBL) facility. Additional funding sources include new bond and RBL debt as well as offtake-based financing. The Company will set in place the optimal capital structure prior to completion. The effective date of the transaction is January 1, 2025, with expected completion mid-year 2025, subject to customary regulatory approvals from the Norwegian Ministry of Energy, the Norwegian Ministry of Finance and competition authorities. Pareto Securities is acting as financial advisor to DNO and Advokatfirmaet Thommessen as legal counsel. Jefferies acted as financial advisor to Sval Energi and Hitecvision in the transaction. DNO ASA (OB:DNO) completed the acquisition of Sval Energi Group AS from HitecVision AS (OTCNO:HITV) and others on June 12, 2025. The transaction was financed through the issuance of USD 400 million in hybrid bonds.공시 • Jun 05DNO ASA Approves Board AppointmentsDNO ASA at its AGM held on June 05, 2025, approved election of Grethe Kristin Moen and Ferris J. Hussein as board members of the company.공시 • Mar 26DNO ASA Announces Oil and Gas Discovery in Northern North Sea License Pl1182 SDNO ASA announced an important oil and gas discovery in Northern North Sea license PL1182 S in which the Company holds a 40% operated interest. The discovery was made in Paleocene injectite sandstones of excellent reservoir quality with preliminary estimates of gross recoverable resources in the range of 39 to 75 million barrels of oil equivalent (MMboe), with a mean of 55 MMboe. The Kjottkake exploration well encountered a 41-meter oil column and a 9-meter gas column. A sidetrack drilled vertically 1,350 meters westwards along the reservoir in the Sotra Formation confirmed the presence of the oil column throughout the discovery. Located 27 kilometers northwest of the Troll C platform and 44 kilometers southwest of the Gjoa platform, Kjottkake is DNO's tenth discovery since 2021 in the Troll-Gjoa exploration and development hotspot, following Rover Nord, Kveikje, Ofelia, Rover Sor, Heisenberg, Carmen, Kyrre, Cuvette and Ringand. The Company has also racked up discoveries in other parts of the Norwegian Continental Shelf, including Norma (2023) and Othello (2024), both play-opening finds and both operated by DNO. Partners in license PL1182 S include Aker BP ASA (30%, Concedo AS (15%) and Japex Norge AS (15%). The wells were drilled using the Deepsea Yantai rig. Following its exploration success, the Company has stepped up purchases of producing assets to balance its Norwegian portfolio and help fund coming developments. In early March, DNO announced the transformative acquisition of Sval Energi Group AS, which will increase North Sea 2P reserves from 48 million barrels of oil equivalent (boe) to 189 million boe post-closing and 2C resources from 144 million boe to 246 million boe (pro forma figures as of yearend 2024). The acquisition, which is expected to close by mid-year, will turn the North Sea into the biggest contributor to Company's net production with some 60% of the total, with the balance coming predominantly from two operated fields, Tawke and Peshkabir, in the Kurdistan region of Iraq.공시 • Mar 07DNO ASA (OB:DNO) reached agreement to acquire Sval Energi Group AS from HitecVision AS (OTCNO:HITV) and others for an enterprise value of $1.6 billion.DNO ASA (OB:DNO) reached agreement to acquire Sval Energi Group AS from HitecVision AS (OTCNO:HITV) and others for an enterprise value of $1.6 billion on March 7, 2025. The cash consideration of $450 million based on an enterprise value of $1.6 billion. The Sval Energi assets are complementary to DNO’s North Sea portfolio and will add scale and diversification to solidify the Company’s position as a leading listed European independent oil and gas company. The acquisition will be financed from existing liquidity including available credit facilities. The Company will set in place the optimal capital structure prior to completion. The effective date of the transaction is January 1, 2025, with expected completion mid-year 2025, subject to customary regulatory approvals from the Norwegian Ministry of Energy, the Norwegian Ministry of Finance and competition authorities. Pareto Securities is acting as financial advisor to DNO and Advokatfirmaet Thommessen as legal counsel.공시 • Feb 06DNO ASA Approves Cash Dividend, Payable on or About 21 February 2025DNO ASA has approved a cash dividend payment of NOK 0.3125 per share to be made on or about 21 February 2025 to all shareholders of record as of 14 February 2025. The shares will be traded ex-dividend as of 13 February 2025. Date of approval: 5 February 2025, based on authorization granted 6 June 2024.공시 • Dec 09Trym Reboot Boosts North Sea OutputDNO ASA announced that its operated Trym field in the Norwegian North Sea license PL147 (DNO 50 %) is back on production after a five-year shutdown during which TotalEnergies redeveloped the Tyra field infrastructure in the Danish North Sea to which Trym is tied back. First commissioned in 2011, Trym is expected to contribute 3,000 barrels of oil equivalent per day (boepd) net to DNO at plateau. Remaining reserves are estimated at two million barrels of oil equivalent (MMboe) net to DNO. Available capacity at the Trym subsea template represents further opportunities. The Company is currently assessing a development of the 2013 Trym Sør discovery containing recoverable resources of around two MMboe net to DNO, possibly adding production from early 2027. In addition, DNO has identified nearby exploration prospects that may be drilled from the Trym subsea template, potentially extending its lifetime.공시 • Dec 04+ 5 more updatesDNO ASA to Report Fiscal Year 2024 Results on Apr 03, 2025DNO ASA announced that they will report fiscal year 2024 results at 12:00 PM, Central European Standard Time on Apr 03, 2025공시 • Nov 07DNO Asa Approves Dividend, Payable on or About 22 November 2024DNO ASA 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.공시 • Aug 15DNO ASA Approves Dividend, Payable on or About 30 August 2024DNO ASA 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 30 August 2024 to all shareholders of record as of 23 August 2024. DNO shares will be traded ex-dividend as of 22 August 2024.공시 • Jun 20DNO ASA Racks Up Discoveries in Its Offshore Norway Core AreaDNO ASA announced a gas condensate discovery on the Cuvette prospect in the Norwegian North Sea licenses PL248F and PL248GS in which the Company's wholly-owned subsidiary DNO Norge AS holds a 20% interest. Preliminary evaluation of the discovery indicates gross recoverable resources in the range of 16-38 million barrels of oil equivalent (MMboe) with a mean of 25 MMboe, well above predrill estimates. Just over half of the resources were encountered in the Middle Jurassic primary target, and the balance in the Upper Jurassic secondary target. Cuvette is DNO's eighth discovery in the highly prolific area surrounding the Troll and Gjoa production hubs since 2021. The other discoveries are Rover Nord, Kveikje, Ofelia, Rover Sor, Heisenberg, Carmen and Kyrre, all close to infrastructure and with clear routes towards commercialization. Wintershall Dea Norge AS operates licenses PL248F and PL 248GS as well as the nearby Vega field tied back to Gjoa. Another partner in the licenses, Petoro AS, similarly holds a stake in Vega. One of Vega's three subsea templates, Vega Central, is located only three kilometers to the north of the new discovery well. The partners will consider fast-track production of Middle Jurassic volumes through the Vega Central template. Another option is a joint development with three nearby discoveries made in 2015-2016 (Syrah, Orion, Beaujolais; totaling some 15 MMboe gross), in which DNO also holds a 20% interest. Following the successful appraisal of Heisenberg early in the year, Cuvette was the second well in DNO's 2024 North Sea exploration program. Five wells remain to be drilled, of which four are also in the Troll-Gjoa area. In 2023, the Company was the third most active exploration driller on the Norwegian Continental Shelf in number of wells drilled and ranked second in discovered volumes with an estimated 100 MMboe net to DNO. Having prioritized near-inf infrastructure exploration, DNO has been an early mover in acquiring substantial acreage positions in selected areas which have since become hotspots.공시 • May 09DNO ASA Approves Dividend, Payable on or About 28 May 2024DNO ASA announced that pursuant to the authorization granted at the Annual General Meeting held on 25 May 2023, has approved a dividend payment of NOK 0.25 per share to be made on or about 28 May 2024 to all shareholders of record as of 21 May 2024. DNO shares will be traded ex-dividend as of 16 May 2024.공시 • Apr 04DNO ASA Announces Kurdistan Operations Recover Rapidly from Torrential FloodingDNO ASA announced that production and field operations at its operated Tawke license (DNO 75%) in the Kurdistan region of Iraq have recovered from torrential flooding that also washed away large sections of the banks of the Khabur River, damaging roads and interfering with loading of tanker trucks for deliveries to buyers. The flooding resulted from local downpours combined with snowmelt in neighboring Türkiye in the latter half of March. This led DNO to temporarily shut in its Tawke field for safety reasons while maintaining uninterrupted operations at the less exposed Peshkabir field, also within the Tawke license. Gross license production dropped from above 80,000 barrels per day (bopd) to an average of 65,000 during a 10-day period but was restored to its pre-flooding level on 30 March 2024 as DNO worked to minimize flooding exposure, inspect damage and take remedial actions including installing additional truck loading facilities. Given shortages of heavier crudes in regional markets, DNO negotiated with its customers to nudge Tawke/Peshkabir prices to the mid-USD 30 per barrel level. DNO share of sales continue to be paid directly to the Company in advance of loadings and have averaged in excess of USD 25 million per month in 2024. No DNO employees were hurt though several substantial pieces of equipment weighing tons were washed away and have yet to be located. Notwithstanding major damage in the town of Zakho, neighboring the Tawke field, the 2,000 year-old Roman-era arched bridge, a popular tourist attraction, survived intact. The Company provided relief to the local community by supplying home appliances, including refrigerators, to families most impacted by the flooding. Workovers and other field work at Tawke and Peshkabir have quickly resumed, whilst the Company’s Board of Directors has given the nod to plan for new investments to maintain and then begin to bolster production. Elsewhere in Kurdistan, DNO resumed drilling with the latest well (B-3) at the operated Baeshiqa license (DNO 64%) spud on 21 February 2024. The well has reached 1,850 meters or nearly one-half of the target depth.공시 • Mar 23DNO ASA Announces Completion of an Appraisal Well and SidetrackDNO ASA announced completion of an appraisal well and sidetrack that further delineated the 2023 Heisenberg oil and gas discovery in Norwegian North Sea license PL827SB. Heisenberg, a new shallow play in the northern part of the Norwegian North Sea, is now estimated to hold recoverable volumes in the range of 24 to 56 million barrels of oil equivalent (MMboe) (mean of 37 MMboe). Oil-bearing sands were encountered in a deeper secondary target, Hummer. The license partnership, which in addition to DNO Norge AS (49 percent) includes operator Equinor Energy AS, is planning a well in the second quarter of this year to explore an additional deep prospect, Angel, while delineating Heisenberg towards the west. Surrounded by major North Sea hubs Troll B, Kvitebjørn and Gjøa (the first two operated by Equinor), Heisenberg lies within tieback range of these hosts. Studies are underway for fast-track development of Heisenberg in coordination with a string of recent discoveries in this area in which DNO has a significant presence, including in last year’s Carmen discovery (30%).공시 • Feb 08DNO ASA Approves Dividend, Payable on or About 26 February 2024DNO ASA announced that pursuant to the authorization granted at the Annual General Meeting held on 25 May 2023, the Board of Directors has approved a dividend payment of NOK 0.25 per share to be made on or about 26 February 2024 to all shareholders of record as of 16 February 2024. DNO shares will be traded ex- dividend as of 15 February 2024. Date of approval: 7 February 2024, based on authorization granted 25 May 2023.Board Change • Jan 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Elin Karfjell was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Dec 21+ 5 more updatesDNO ASA to Report Q4, 2023 Results on Feb 08, 2024DNO ASA announced that they will report Q4, 2023 results on Feb 08, 2024공시 • Dec 13DNO ASA Announces Successful Completion of the Second Appraisal Well on the Bergknapp/re Discovery in License PL836S in the Norwegian SeaDNO ASA announced successful completion of the second appraisal well on the Bergknapp/Åre discoveries in license PL836S in the Norwegian Sea. Recoverable volumes are currently estimated by the operator to range between 50 and 100 million barrels of oil equivalent (MMboe). Bergknapp/Åre are located eight kilometers west of the Wintershall Dea Norge AS operated Maria field, which is tied back to Equinor Energy AS' Kristin platform. Wintershall Dea holds a 40% in license PL836S as operator, with DNO Norge AS and Equinor each holding a 30% interest. DNO will now work expeditiously with the other licensees to fast track development utilizing the existing infrastructure in the area. The Bergknapp light oil discovery in the Garn, Ile and Tilje formations (44-75 MMboe) was made in 2020 and subsequently appraised by re-entering and sidetracking the discovery well in 2021. The sidetrack well also extended into the deeper Åre formation, where additional volumes of light oil, gas and condensate were discovered (6-25 MMboe). DNO's 2023 North Sea exploration and appraisal program has led to four successful exploration discoveries (Rver, Heisenberg, Carmen and Norma), two successful appraisal wells (of which one with a sidetrack that has led to a new discovery in the same license (Ofelia/Kyrre)) and two dry holes.공시 • Dec 12DNO Announces Successful Ofelia Appraisal and New Kyrre DiscoveryDNO ASA announced completion of appraisal/side track wells that both confirmed the 2022 Ofelia oil and gas discovery and led to a new gas discovery in the overlying Kyrre formation in license PL929 in the Norwegian North Sea. Combined recoverable volumes are estimated by the operator to range between 27 and 52 million barrels of oil equivalent (MMboe). Ofelia/Kyrre is a candidate for a fast track, low cost development tie-back to the Gja platform located 23 kilometers to the south. Gja is operated by Neptune Energy Norge AS, which is also operator of license PL929 with a 40% interest. Other partners include Wintershall Dea Norge AS (20%), Pandion Energy AS (20 percent), DNO Norge AS (10%) and Aker BP ASA (10%). As one of the acreage holders in the prospective Troll-Gja area, DNO has already participated in six discoveries in this area with combined recoverable resources totaling 100 MMboe net to DNO since 2021. The Company plans to continue its extensive exploration and appraisal activity in Troll-Gja area in 2024.공시 • Nov 10DNO ASA Approves Dividend, Payable on or About 24 November 2023DNO ASA announced that pursuant to the authorization granted at the Annual General Meeting held on 25 May 2023, the Board of Directors has approved a dividend payment of NOK 0.25 per share to be made on or about 24 November 2023 to all shareholders of record as of 17 November 2023. DNO shares will be traded ex- dividend as of 16 November 2023. Date of approval: 8 November 2023, based on authorization granted 25 May 2023.공시 • Oct 16DNO ASA Reopens Production At Tawke PSCDNO ASA announced that production was shutdown following the closure of the Iraq-Türkiye pipeline on 25 March 2023. The Tawke field was reopened on 18 July and production has since ramped up, with the contractor share of crude oil from the field during the quarter sold to local buyers with payments received directly in advance. No crude oil was delivered to the Kurdistan Regional Government for export by pipeline through Türkiye.공시 • Sep 19DNO Makes Play-Opening Discovery at NormaDNO ASA announced a gas condensate discovery on the Norma prospect in the Norwegian North Sea license PL984 in which the Company holds a 30% operated interest. Preliminary evaluation of the discovery indicates gross recoverable resources in the range of 25-130 million barrels of oil equivalent (MMboe) on a P90-P10 basis, with a mean of 70 MMboe, in a Jurassic reservoir zone with high quality sandstones. Located 20 kilometers northwest of the Balder hub and 30 kilometers south of the Alvheim hub, Norma is situated in an area with extensive infrastructure in the central part of the North Sea, with tie-back options offering potential routes to commercialization. Also within the same license, DNO has identified additional exploration prospects that have been considerably de-risked by the Norma results. Drilled to a vertical depth of 4,800 meters with the Deepsea Yantai drilling rig, Norma is DNO’s first operated high-pressure high-temperature exploration well. At 4,650 meters, the discovery well encountered a 16-meter hydrocarbon column in a 20-meter gross reservoir section in Jurassic sandstones. Several gas condensate samples were collected in the reservoir. In addition, a water sample was acquired. A bypass core of 33.7 meters was secured and an extensive data and sampling program conducted. This discovery is considered a play-opener for the deep turbiditic sands in this area given the exceptionally good reservoir quality encountered. Plans are underway to further delineate the discovery and the upside potential in the license. Before further appraisal drilling, improved seismic imaging and remapping will be undertaken to identify an optimal location for the next well. Even with the additional extensive data collection protocols, the Norma well is expected to be finished 15 days ahead of plan and at a cost eight percent below budget. Plug and abandonment operations have commenced this week. DNO was awarded an interest in PL984 in 2019 through its wholly-owned subsidiary DNO Norge AS. The other partners in the license are Source Energy AS, Equinor Energy AS, Vår Energi ASA (20% each) and Aker BP ASA (10%).공시 • Sep 08DNO ASA Announces Managing Director ChangesDNO ASA announced that Christopher Spencer has been appointed Managing Director of the Company as Bjørn Dale steps down as part of a planned management transition initiated last year. Mr. Spencer has been DNO’s Chief Operating Officer since 2021. Before joining DNO six years ago, he served as chief executive of Rocksource ASA and in various commercial and technical roles at Royal Dutch Shell and BP. He is a Chartered Engineer with the Institution of Chemical Engineers in the United Kingdom.Mr. Dale joined DNO in 2011 as a corporate lawyer prior to his appointments as General Counsel and Managing Director. He will continue to advise the Company on legal and commercial matters for a period of six months following Mr. Spencer’s appointment effective 8 September 2023.공시 • Aug 18DNO ASA Announces Update on Tawke PSCDNO ASA has issued an update on licence activity. Following a four-month shut-in triggered by the closure of the Iraq-Turkey Pipeline export route, DNO has partially restarted operations at the Tawke field and is currently selling its entitlement share of oil production to local trading companies. DNO restarted partial oil production from the Tawke field to conduct well integrity and reservoir tests but has continued to produce to meet strong demand for Tawke oil. Tawke output is currently averaging around 40,000 bopd, of which one-half is delivered to the Kurdistan Regional Government as its entitlement and the balance is sold to local trading companies.공시 • Aug 17DNO ASA Approves Dividend Payment, o Be Made on or About 1 September 2023DNO ASA announced that pursuant to the authorization granted at the Annual General Meeting held on 25 May 2023, the Board of Directors has approved a dividend payment of NOK 0.25 per share to be made on or about 1 September 2023 to all shareholders of record as of 25 August 2023. DNO shares will be traded ex-dividend as of 24 August 2023.공시 • Jul 12DNO ASA Announces Gas and Condensate Discovery on the Carmen Prospect in the Norwegian North Sea License PL1148DNO ASA announced a significant gas and condensate discovery on the Carmen prospect in the Norwegian North Sea license PL1148 in which the Company holds a 30% interest. Preliminary evaluation of comprehensive data, including cores and fluid samples, acquired from the discovery well and a follow-on extended sidetrack indicates gross recoverable resources in the range of 120-230 million barrels of oil equivalent (MMboe) on a P90-P10 basis. At 175 MMboe, the mid-point of this range, Carmen ranks as the largest discovery on the Norwegian Continental Shelf since 2013. The two wells have established a deeper hydrocarbon-water contact, tripling the mid-point of DNO's pre-drill expected range. Carmen is DNO's sixth discovery in the Troll-Gjoa area since 2021 and is located close to existing infrastructure with clear routes towards commercialization. The other discoveries are Rover Nord, Kveikje, Ofelia, Rover Sor and Heisenberg. DNO farmed into PL1148 in 2022 through its wholly-owned subsidiary DNO Norge AS. The other partners in the license are Wellesley Petroleum as operator with 50% interest and Equinor Energy AS and Aker BP AS with 10% each.Board Change • Jun 29Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Elin Karfjell was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Jun 02Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Elin Karfjell was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • May 26DNO ASA Approves Executive ChangesDNO ASA at the AGM held on May 25, 2023, announced Najmedin Meshkati was elected as a new Board member. The Board accordingly consists of the following members: Bijan Mossavar-Rahmani (Executive Chairman). Gunnar Hirsti (Deputy Chairman). Elin Karfjell (Board member). Anita Maria Hjerkinn Aarnæs (Board member). Najmedin Meshkati (Board member). In accordance with the Nomination Committee's recommendation, Ferris J. Hussein was elected as a new member of the Nomination Committee in replacement of Lars Arne Takla, with an election period from the Annual General Meeting in 2023 to the Annual General Meeting in 2024. The Nomination Committee accordingly consists of the following members: Bijan Mossavar-Rahmani (Chairman). Kåre A. Tjønneland (member). Ferris J. Hussein (member).Upcoming Dividend • May 17Upcoming dividend of kr0.25 per share at 9.6% yieldEligible shareholders must have bought the stock before 24 May 2023. Payment date: 02 June 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 9.6%. Within top quartile of British dividend payers (5.8%). Higher than average of industry peers (6.2%).Reported Earnings • May 13First quarter 2023 earnings released: EPS: US$0.088 (vs US$0.14 in 1Q 2022)First quarter 2023 results: EPS: US$0.088 (down from US$0.14 in 1Q 2022). Revenue: US$268.9m (down 21% from 1Q 2022). Net income: US$87.4m (down 38% from 1Q 2022). Profit margin: 33% (down from 41% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 13% p.a. on average during the next 3 years compared to a 2.6% decline forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.공시 • May 11DNO ASA Approves Cash Dividend, Payable on or about June 2, 2023DNO ASA announced that pursuant to the authorization granted at the Annual General Meeting held on 25 May 2022, the Board of Directors has approved a cash dividend payment of NOK 0.25 per share to be made on or about 2 June 2023 to all shareholders of record as of 25 May 2023. DNO shares will be traded ex-dividend as of 24 May 2023.Buying Opportunity • Mar 20Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 9.8%. The fair value is estimated to be kr13.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 92%. For the next 3 years, revenue is forecast to decline by 10% per annum. Earnings is also forecast to decline by 10% per annum over the same time period.Reported Earnings • Mar 18Full year 2022 earnings released: EPS: US$0.39 (vs US$0.21 in FY 2021)Full year 2022 results: EPS: US$0.39 (up from US$0.21 in FY 2021). Revenue: US$1.38b (up 37% from FY 2021). Net income: US$384.9m (up 89% from FY 2021). Profit margin: 28% (up from 20% in FY 2021). The increase in margin was driven by higher revenue. Oil reserves Proven reserves: 91.5 MMbbls Combined production and costs Oil equivalent production: 34.3 MMboe (34.5 MMboe in FY 2021) Average production cost/Boe: US$6.50 (US$5.30/Boe in FY 2021) Revenue is expected to fall by 10% p.a. on average during the next 3 years compared to a 4.5% decline forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth.Reported Earnings • Feb 11Full year 2022 earnings released: EPS: US$0.39 (vs US$0.21 in FY 2021)Full year 2022 results: EPS: US$0.39 (up from US$0.21 in FY 2021). Revenue: US$1.38b (up 37% from FY 2021). Net income: US$384.9m (up 89% from FY 2021). Profit margin: 28% (up from 20% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to fall by 10% p.a. on average during the next 3 years compared to a 5.0% decline forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.공시 • Feb 09+ 1 more updateDNO ASA Confirms Oil and Gas Discovery on the Røver Sør Prospect in the Norwegian North Sea License PL923DNO ASA confirmed an oil and gas discovery on the Røver Sør prospect in the Norwegian North Sea license PL923 in which the Company holds a 20% interest. The discovery well and a follow-on appraisal sidetrack encountered hydrocarbons in three Jurassic Brent Group sandstone reservoirs (Ness, Etive and Oseberg formations). Preliminary estimates of gross recoverable resources are in the range of 17-47 million barrels of oil equivalent. The partners, which in addition to the Company’s wholly-owned subsidiary DNO Norge AS, include Equinor Energy AS (operator), Petoro AS and Wellesley Petroleum AS, consider the discovery to be commercial. Together with a string of recent discoveries in the area, Røver Sør may be tied back to the Equinor-operated Troll field about 10 kilometers to the east. Røver Sør is DNO’s fourth consecutive exploration success in the Troll-Gjøa area following the 2021 Røver Nord discovery within the same license and also the 2022 discoveries of Kveikje in PL293B (DNO 29%) and Ofelia in PL929 (DNO 10%). One of the largest acreage holders in the Troll-Gjøa area, the Company has scheduled five more exploration wells in this North Sea exploration hotspot during 2023. The next of these exploration wells, Heisenberg, will spud in license PL827S (DNO 49% with the remaining 51% held by Equinor as operator) later this month.Board Change • Jan 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Elin Karfjell was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Recent Insider Transactions • Nov 23Insider recently bought kr125k worth of stockOn the 21st of November, Geir Skau bought around 10k shares on-market at roughly kr12.48 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr485k. Insiders have collectively bought kr267k more in shares than they have sold in the last 12 months.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Elin Karfjell was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Nov 12+ 4 more updatesDNO ASA to Report First Half, 2023 Results on Aug 17, 2023DNO ASA announced that they will report first half, 2023 results on Aug 17, 2023Recent Insider Transactions • Nov 08Insider recently bought kr485k worth of stockOn the 4th of November, Geir Skau bought around 33k shares on-market at roughly kr14.89 per share. This transaction increased Geir's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr142k more in shares than they have sold in the last 12 months.Reported Earnings • Nov 04Third quarter 2022 earnings released: EPS: US$0.13 (vs US$0.032 in 3Q 2021)Third quarter 2022 results: EPS: US$0.13 (up from US$0.032 in 3Q 2021). Revenue: US$338.9m (up 34% from 3Q 2021). Net income: US$129.6m (up 319% from 3Q 2021). Profit margin: 38% (up from 12% in 3Q 2021). The increase in margin was primarily driven by higher revenue. Revenue is expected to fall by 9.8% p.a. on average during the next 3 years compared to a 5.9% decline forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Oct 05Investor sentiment improved over the past weekAfter last week's 15% share price gain to kr13.31, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 5x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 13% over the past three years.Board Change • Sep 26Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Elin Karfjell was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 12Second quarter 2022 earnings released: EPS: US$0.074 (vs US$0.058 in 2Q 2021)Second quarter 2022 results: EPS: US$0.074 (up from US$0.058 in 2Q 2021). Revenue: US$360.6m (up 96% from 2Q 2021). Net income: US$72.3m (up 28% from 2Q 2021). Profit margin: 20% (down from 31% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 3.3%, compared to a 17% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 11% per year.Board Change • Jul 15Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Elin Karfjell was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Jun 10Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Director Elin Karfjell was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 19Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: US$0.21 (up from US$0.29 loss in FY 2020). Revenue: US$1.00b (up 63% from FY 2020). Net income: US$203.9m (up US$489.8m from FY 2020). Profit margin: 20% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Oil reserves Proven reserves: 90.4 MMbbls Combined production and costs Oil equivalent production: 34.5 MMboe (36.6 MMboe in FY 2020) Average production cost/Boe: US$5.30 (US$4.90/Boe in FY 2020) Revenue exceeded analyst estimates by 8.4%. Over the next year, revenue is forecast to grow 14%, compared to a 32% growth forecast for the oil industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.Board Change • Mar 08Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Director Elin Karfjell was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 13Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: US$0.21 (up from US$0.29 loss in FY 2020). Revenue: US$1.00b (up 63% from FY 2020). Net income: US$203.9m (up US$489.8m from FY 2020). Profit margin: 20% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 8.4%. Over the next year, revenue is expected to shrink by 1.5% compared to a 26% growth forecast for the oil industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.Valuation Update With 7 Day Price Move • Feb 05Investor sentiment improved over the past weekAfter last week's 20% share price gain to kr13.33, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Oil and Gas industry in the United Kingdom. Total loss to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr15.01 per share.Board Change • Feb 05Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Director Elin Karfjell was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Dec 22Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Director Elin Karfjell was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Nov 04Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Elin Karfjell was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Oct 20Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Elin Karfjell was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Oct 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Elin Karfjell was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Sep 04Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Elin Karfjell was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Jul 30Second quarter 2021 earnings released: EPS US$0.058 (vs US$0.065 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$184.3m (up 156% from 2Q 2020). Net income: US$56.7m (up US$120.3m from 2Q 2020). Profit margin: 31% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance.이익 및 매출 성장 예측BATS-CHIXE:DNOO - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20282,5233773101,073412/31/20272,7314391601,083412/31/20262,8123894491,22123/31/20261,914-5194799N/A12/31/20251,474-48-20591N/A9/30/20251,169-102-21521N/A6/30/2025793-91-126297N/A3/31/2025672-47-22409N/A12/31/2024667-2741413N/A9/30/20246897592436N/A6/30/2024660174386N/A3/31/2024581-52-82182N/A12/31/202366819-89194N/A9/30/20238065735337N/A6/30/20231,004241221547N/A3/31/20231,307332549916N/A12/31/20221,3773856821,056N/A9/30/20221,4354077711,128N/A6/30/20221,3503096801,040N/A3/31/20221,174293605912N/A12/31/20211,004204453729N/A9/30/202178279417691N/A6/30/2021691-75317523N/A3/31/2021579-195212391N/A12/31/2020615-286181406N/A9/30/2020715-175-54185N/A6/30/2020779-14966386N/A3/31/2020973-1717400N/A12/31/201997174N/A372N/A9/30/20191,066253N/A483N/A6/30/20191,010413N/A399N/A3/31/2019891387N/A430N/A12/31/2018829354N/A471N/A9/30/2018577155N/A391N/A6/30/2018478554N/A303N/A3/31/2018413499N/A292N/A12/31/2017347495N/A337N/A9/30/2017274433N/A263N/A6/30/2017249-33N/A253N/A3/31/2017229-16N/A167N/A12/31/2016202-35N/A62N/A9/30/2016214-87N/A42N/A6/30/2016217-99N/A-8N/A3/31/2016211-143N/A-49N/A12/31/2015187-212N/A-74N/A9/30/2015213-381N/A-58N/A6/30/2015277-408N/A-11N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: DNOO 은 향후 3년 동안 수익을 낼 것으로 예상되며, 이는 절약률(3.4%)보다 빠른 성장으로 간주됩니다.수익 vs 시장: DNOO (는) 향후 3년 동안 평균 시장 성장보다 높은 수익을 올릴 것으로 예상됩니다.고성장 수익: DNOO 향후 3년 내에 수익을 낼 것으로 예상됩니다.수익 대 시장: DNOO 의 수익(연간 3.3%)이 UK 시장(연간 4.5%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: DNOO 의 수익(연간 3.3%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: DNOO의 자본 수익률은 3년 후 24.7%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YEnergy 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 23:54종가2026/04/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스DNO ASA는 21명의 분석가가 다루고 있습니다. 이 중 4명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관null nullABG Sundal CollierRafal GutajBofA Global ResearchCharlie SharpCanaccord Genuity18명의 분석가 더 보기
공시 • Dec 09Trym Reboot Boosts North Sea OutputDNO ASA announced that its operated Trym field in the Norwegian North Sea license PL147 (DNO 50 %) is back on production after a five-year shutdown during which TotalEnergies redeveloped the Tyra field infrastructure in the Danish North Sea to which Trym is tied back. First commissioned in 2011, Trym is expected to contribute 3,000 barrels of oil equivalent per day (boepd) net to DNO at plateau. Remaining reserves are estimated at two million barrels of oil equivalent (MMboe) net to DNO. Available capacity at the Trym subsea template represents further opportunities. The Company is currently assessing a development of the 2013 Trym Sør discovery containing recoverable resources of around two MMboe net to DNO, possibly adding production from early 2027. In addition, DNO has identified nearby exploration prospects that may be drilled from the Trym subsea template, potentially extending its lifetime.
공시 • Apr 04DNO ASA Announces Kurdistan Operations Recover Rapidly from Torrential FloodingDNO ASA announced that production and field operations at its operated Tawke license (DNO 75%) in the Kurdistan region of Iraq have recovered from torrential flooding that also washed away large sections of the banks of the Khabur River, damaging roads and interfering with loading of tanker trucks for deliveries to buyers. The flooding resulted from local downpours combined with snowmelt in neighboring Türkiye in the latter half of March. This led DNO to temporarily shut in its Tawke field for safety reasons while maintaining uninterrupted operations at the less exposed Peshkabir field, also within the Tawke license. Gross license production dropped from above 80,000 barrels per day (bopd) to an average of 65,000 during a 10-day period but was restored to its pre-flooding level on 30 March 2024 as DNO worked to minimize flooding exposure, inspect damage and take remedial actions including installing additional truck loading facilities. Given shortages of heavier crudes in regional markets, DNO negotiated with its customers to nudge Tawke/Peshkabir prices to the mid-USD 30 per barrel level. DNO share of sales continue to be paid directly to the Company in advance of loadings and have averaged in excess of USD 25 million per month in 2024. No DNO employees were hurt though several substantial pieces of equipment weighing tons were washed away and have yet to be located. Notwithstanding major damage in the town of Zakho, neighboring the Tawke field, the 2,000 year-old Roman-era arched bridge, a popular tourist attraction, survived intact. The Company provided relief to the local community by supplying home appliances, including refrigerators, to families most impacted by the flooding. Workovers and other field work at Tawke and Peshkabir have quickly resumed, whilst the Company’s Board of Directors has given the nod to plan for new investments to maintain and then begin to bolster production. Elsewhere in Kurdistan, DNO resumed drilling with the latest well (B-3) at the operated Baeshiqa license (DNO 64%) spud on 21 February 2024. The well has reached 1,850 meters or nearly one-half of the target depth.
공시 • Oct 16DNO ASA Reopens Production At Tawke PSCDNO ASA announced that production was shutdown following the closure of the Iraq-Türkiye pipeline on 25 March 2023. The Tawke field was reopened on 18 July and production has since ramped up, with the contractor share of crude oil from the field during the quarter sold to local buyers with payments received directly in advance. No crude oil was delivered to the Kurdistan Regional Government for export by pipeline through Türkiye.
공시 • Aug 18DNO ASA Announces Update on Tawke PSCDNO ASA has issued an update on licence activity. Following a four-month shut-in triggered by the closure of the Iraq-Turkey Pipeline export route, DNO has partially restarted operations at the Tawke field and is currently selling its entitlement share of oil production to local trading companies. DNO restarted partial oil production from the Tawke field to conduct well integrity and reservoir tests but has continued to produce to meet strong demand for Tawke oil. Tawke output is currently averaging around 40,000 bopd, of which one-half is delivered to the Kurdistan Regional Government as its entitlement and the balance is sold to local trading companies.
공시 • Feb 06DNO ASA Approves Dividend, Payable on or About 25 February 2026The Board of Directors of DNO ASA has approved a dividend payment of NOK 0.375 per share to be made on or about 25 February 2026 to all shareholders of record as of 16 February 2026. DNO shares will be traded ex-dividend as of 13 February 2026.
공시 • Nov 27DNO ASA, Annual General Meeting, Jun 04, 2026DNO ASA, Annual General Meeting, Jun 04, 2026.
공시 • Nov 26+ 4 more updatesDNO ASA to Report First Half, 2026 Results on Aug 13, 2026DNO ASA announced that they will report first half, 2026 results on Aug 13, 2026
공시 • Nov 20+ 1 more updateORLEN Upstream Norway AS agreed to acquire 7.60% stake in Ekofisk Previously Produced Fields (PPF) project in license PL018B and PL018F in Norway from DNO ASA (OB:DNO).ORLEN Upstream Norway AS agreed to acquire 7.60% stake in Ekofisk Previously Produced Fields (PPF) project in license PL018B and PL018F in Norway from DNO ASA (OB:DNO) on November 18, 2025. A cash consideration will be paid by ORLEN Upstream Norway AS. In related transaction, DNO also announced the acquisition from Orlen of a 20% interest in license PL1135, which contains the Cassio prospect, as well as a 0.8272 percent interest in the Verdande field. DNO will retain its 7.604 percent in PL018 containing the producing fields Ekofisk, Eldfisk and Embla as well as a share in the Tor Unit. The transaction is subject to approval by regulatory board / committee.
공시 • Nov 07DNA ASA Proposes Dividend, Payable on or About 24 November 2025DNO ASA announced that pursuant to the authorization granted at the Annual General Meeting held on 5 June 2025, the Board of Directors has approved a dividend payment of NOK 0.375 per share to be made on or about 24 November 2025 to all shareholders of record as of 14 November 2025. DNO shares will be traded ex-dividend as of 13 November 2025.Date of approval: 5 November 2025.
공시 • Sep 24DNO ASA Announces Chief Financial Officer ChangesDNO ASA announced that Birgitte Wendelbo Johansen has been appointed Chief Financial Officer effective 1 November 2025, replacing Haakon Sandborg who is stepping down following 24 years in the role. Ms. Johansen joins DNO from Reach Subsea ASA, an Oslo Børs listed oil services company, where she served as Chief Financial Officer since 2012. Prior to this, she had a successful career in banking, specializing in shipping and energy. Mr. Sandborg joined DNO from corporate finance roles at DNB and the Aker oil services group and is DNO’s longest serving staffer. Mr. Sandborg will remain at the Company in a senior advisory role until the end of the year.
공시 • Aug 21DNO ASA Approves Quarterly Cash Dividend, Payable on or About 8 September 2025DNO ASA approved quarterly cash dividend payment of NOK 0.375 per share to be made on or about 8 September 2025 to all shareholders of record as of 29 August 2025. DNO shares will be traded ex-dividend as of 28 August 2025.
공시 • Jun 12DNO ASA (OB:DNO) completed the acquisition of Sval Energi Group AS from HitecVision AS (OTCNO:HITV) and others.DNO ASA (OB:DNO) reached agreement to acquire Sval Energi Group AS from HitecVision AS (OTCNO:HITV) and others for an enterprise value of $1.6 billion on March 7, 2025. The cash consideration of $450 million based on an enterprise value of $1.6 billion. The Sval Energi assets are complementary to DNO’s North Sea portfolio and will add scale and diversification to solidify the Company’s position as a leading listed European independent oil and gas company. The acquisition will be financed with existing cash and other debt financing facilities available to DNO. At year end 2024, DNO ASA held USD 900 million in cash and a further USD 100 million liquidity under its reserve-based lending (RBL) facility. Additional funding sources include new bond and RBL debt as well as offtake-based financing. The Company will set in place the optimal capital structure prior to completion. The effective date of the transaction is January 1, 2025, with expected completion mid-year 2025, subject to customary regulatory approvals from the Norwegian Ministry of Energy, the Norwegian Ministry of Finance and competition authorities. Pareto Securities is acting as financial advisor to DNO and Advokatfirmaet Thommessen as legal counsel. Jefferies acted as financial advisor to Sval Energi and Hitecvision in the transaction. DNO ASA (OB:DNO) completed the acquisition of Sval Energi Group AS from HitecVision AS (OTCNO:HITV) and others on June 12, 2025. The transaction was financed through the issuance of USD 400 million in hybrid bonds.
공시 • Jun 05DNO ASA Approves Board AppointmentsDNO ASA at its AGM held on June 05, 2025, approved election of Grethe Kristin Moen and Ferris J. Hussein as board members of the company.
공시 • Mar 26DNO ASA Announces Oil and Gas Discovery in Northern North Sea License Pl1182 SDNO ASA announced an important oil and gas discovery in Northern North Sea license PL1182 S in which the Company holds a 40% operated interest. The discovery was made in Paleocene injectite sandstones of excellent reservoir quality with preliminary estimates of gross recoverable resources in the range of 39 to 75 million barrels of oil equivalent (MMboe), with a mean of 55 MMboe. The Kjottkake exploration well encountered a 41-meter oil column and a 9-meter gas column. A sidetrack drilled vertically 1,350 meters westwards along the reservoir in the Sotra Formation confirmed the presence of the oil column throughout the discovery. Located 27 kilometers northwest of the Troll C platform and 44 kilometers southwest of the Gjoa platform, Kjottkake is DNO's tenth discovery since 2021 in the Troll-Gjoa exploration and development hotspot, following Rover Nord, Kveikje, Ofelia, Rover Sor, Heisenberg, Carmen, Kyrre, Cuvette and Ringand. The Company has also racked up discoveries in other parts of the Norwegian Continental Shelf, including Norma (2023) and Othello (2024), both play-opening finds and both operated by DNO. Partners in license PL1182 S include Aker BP ASA (30%, Concedo AS (15%) and Japex Norge AS (15%). The wells were drilled using the Deepsea Yantai rig. Following its exploration success, the Company has stepped up purchases of producing assets to balance its Norwegian portfolio and help fund coming developments. In early March, DNO announced the transformative acquisition of Sval Energi Group AS, which will increase North Sea 2P reserves from 48 million barrels of oil equivalent (boe) to 189 million boe post-closing and 2C resources from 144 million boe to 246 million boe (pro forma figures as of yearend 2024). The acquisition, which is expected to close by mid-year, will turn the North Sea into the biggest contributor to Company's net production with some 60% of the total, with the balance coming predominantly from two operated fields, Tawke and Peshkabir, in the Kurdistan region of Iraq.
공시 • Mar 07DNO ASA (OB:DNO) reached agreement to acquire Sval Energi Group AS from HitecVision AS (OTCNO:HITV) and others for an enterprise value of $1.6 billion.DNO ASA (OB:DNO) reached agreement to acquire Sval Energi Group AS from HitecVision AS (OTCNO:HITV) and others for an enterprise value of $1.6 billion on March 7, 2025. The cash consideration of $450 million based on an enterprise value of $1.6 billion. The Sval Energi assets are complementary to DNO’s North Sea portfolio and will add scale and diversification to solidify the Company’s position as a leading listed European independent oil and gas company. The acquisition will be financed from existing liquidity including available credit facilities. The Company will set in place the optimal capital structure prior to completion. The effective date of the transaction is January 1, 2025, with expected completion mid-year 2025, subject to customary regulatory approvals from the Norwegian Ministry of Energy, the Norwegian Ministry of Finance and competition authorities. Pareto Securities is acting as financial advisor to DNO and Advokatfirmaet Thommessen as legal counsel.
공시 • Feb 06DNO ASA Approves Cash Dividend, Payable on or About 21 February 2025DNO ASA has approved a cash dividend payment of NOK 0.3125 per share to be made on or about 21 February 2025 to all shareholders of record as of 14 February 2025. The shares will be traded ex-dividend as of 13 February 2025. Date of approval: 5 February 2025, based on authorization granted 6 June 2024.
공시 • Dec 09Trym Reboot Boosts North Sea OutputDNO ASA announced that its operated Trym field in the Norwegian North Sea license PL147 (DNO 50 %) is back on production after a five-year shutdown during which TotalEnergies redeveloped the Tyra field infrastructure in the Danish North Sea to which Trym is tied back. First commissioned in 2011, Trym is expected to contribute 3,000 barrels of oil equivalent per day (boepd) net to DNO at plateau. Remaining reserves are estimated at two million barrels of oil equivalent (MMboe) net to DNO. Available capacity at the Trym subsea template represents further opportunities. The Company is currently assessing a development of the 2013 Trym Sør discovery containing recoverable resources of around two MMboe net to DNO, possibly adding production from early 2027. In addition, DNO has identified nearby exploration prospects that may be drilled from the Trym subsea template, potentially extending its lifetime.
공시 • Dec 04+ 5 more updatesDNO ASA to Report Fiscal Year 2024 Results on Apr 03, 2025DNO ASA announced that they will report fiscal year 2024 results at 12:00 PM, Central European Standard Time on Apr 03, 2025
공시 • Nov 07DNO Asa Approves Dividend, Payable on or About 22 November 2024DNO ASA 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.
공시 • Aug 15DNO ASA Approves Dividend, Payable on or About 30 August 2024DNO ASA 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 30 August 2024 to all shareholders of record as of 23 August 2024. DNO shares will be traded ex-dividend as of 22 August 2024.
공시 • Jun 20DNO ASA Racks Up Discoveries in Its Offshore Norway Core AreaDNO ASA announced a gas condensate discovery on the Cuvette prospect in the Norwegian North Sea licenses PL248F and PL248GS in which the Company's wholly-owned subsidiary DNO Norge AS holds a 20% interest. Preliminary evaluation of the discovery indicates gross recoverable resources in the range of 16-38 million barrels of oil equivalent (MMboe) with a mean of 25 MMboe, well above predrill estimates. Just over half of the resources were encountered in the Middle Jurassic primary target, and the balance in the Upper Jurassic secondary target. Cuvette is DNO's eighth discovery in the highly prolific area surrounding the Troll and Gjoa production hubs since 2021. The other discoveries are Rover Nord, Kveikje, Ofelia, Rover Sor, Heisenberg, Carmen and Kyrre, all close to infrastructure and with clear routes towards commercialization. Wintershall Dea Norge AS operates licenses PL248F and PL 248GS as well as the nearby Vega field tied back to Gjoa. Another partner in the licenses, Petoro AS, similarly holds a stake in Vega. One of Vega's three subsea templates, Vega Central, is located only three kilometers to the north of the new discovery well. The partners will consider fast-track production of Middle Jurassic volumes through the Vega Central template. Another option is a joint development with three nearby discoveries made in 2015-2016 (Syrah, Orion, Beaujolais; totaling some 15 MMboe gross), in which DNO also holds a 20% interest. Following the successful appraisal of Heisenberg early in the year, Cuvette was the second well in DNO's 2024 North Sea exploration program. Five wells remain to be drilled, of which four are also in the Troll-Gjoa area. In 2023, the Company was the third most active exploration driller on the Norwegian Continental Shelf in number of wells drilled and ranked second in discovered volumes with an estimated 100 MMboe net to DNO. Having prioritized near-inf infrastructure exploration, DNO has been an early mover in acquiring substantial acreage positions in selected areas which have since become hotspots.
공시 • May 09DNO ASA Approves Dividend, Payable on or About 28 May 2024DNO ASA announced that pursuant to the authorization granted at the Annual General Meeting held on 25 May 2023, has approved a dividend payment of NOK 0.25 per share to be made on or about 28 May 2024 to all shareholders of record as of 21 May 2024. DNO shares will be traded ex-dividend as of 16 May 2024.
공시 • Apr 04DNO ASA Announces Kurdistan Operations Recover Rapidly from Torrential FloodingDNO ASA announced that production and field operations at its operated Tawke license (DNO 75%) in the Kurdistan region of Iraq have recovered from torrential flooding that also washed away large sections of the banks of the Khabur River, damaging roads and interfering with loading of tanker trucks for deliveries to buyers. The flooding resulted from local downpours combined with snowmelt in neighboring Türkiye in the latter half of March. This led DNO to temporarily shut in its Tawke field for safety reasons while maintaining uninterrupted operations at the less exposed Peshkabir field, also within the Tawke license. Gross license production dropped from above 80,000 barrels per day (bopd) to an average of 65,000 during a 10-day period but was restored to its pre-flooding level on 30 March 2024 as DNO worked to minimize flooding exposure, inspect damage and take remedial actions including installing additional truck loading facilities. Given shortages of heavier crudes in regional markets, DNO negotiated with its customers to nudge Tawke/Peshkabir prices to the mid-USD 30 per barrel level. DNO share of sales continue to be paid directly to the Company in advance of loadings and have averaged in excess of USD 25 million per month in 2024. No DNO employees were hurt though several substantial pieces of equipment weighing tons were washed away and have yet to be located. Notwithstanding major damage in the town of Zakho, neighboring the Tawke field, the 2,000 year-old Roman-era arched bridge, a popular tourist attraction, survived intact. The Company provided relief to the local community by supplying home appliances, including refrigerators, to families most impacted by the flooding. Workovers and other field work at Tawke and Peshkabir have quickly resumed, whilst the Company’s Board of Directors has given the nod to plan for new investments to maintain and then begin to bolster production. Elsewhere in Kurdistan, DNO resumed drilling with the latest well (B-3) at the operated Baeshiqa license (DNO 64%) spud on 21 February 2024. The well has reached 1,850 meters or nearly one-half of the target depth.
공시 • Mar 23DNO ASA Announces Completion of an Appraisal Well and SidetrackDNO ASA announced completion of an appraisal well and sidetrack that further delineated the 2023 Heisenberg oil and gas discovery in Norwegian North Sea license PL827SB. Heisenberg, a new shallow play in the northern part of the Norwegian North Sea, is now estimated to hold recoverable volumes in the range of 24 to 56 million barrels of oil equivalent (MMboe) (mean of 37 MMboe). Oil-bearing sands were encountered in a deeper secondary target, Hummer. The license partnership, which in addition to DNO Norge AS (49 percent) includes operator Equinor Energy AS, is planning a well in the second quarter of this year to explore an additional deep prospect, Angel, while delineating Heisenberg towards the west. Surrounded by major North Sea hubs Troll B, Kvitebjørn and Gjøa (the first two operated by Equinor), Heisenberg lies within tieback range of these hosts. Studies are underway for fast-track development of Heisenberg in coordination with a string of recent discoveries in this area in which DNO has a significant presence, including in last year’s Carmen discovery (30%).
공시 • Feb 08DNO ASA Approves Dividend, Payable on or About 26 February 2024DNO ASA announced that pursuant to the authorization granted at the Annual General Meeting held on 25 May 2023, the Board of Directors has approved a dividend payment of NOK 0.25 per share to be made on or about 26 February 2024 to all shareholders of record as of 16 February 2024. DNO shares will be traded ex- dividend as of 15 February 2024. Date of approval: 7 February 2024, based on authorization granted 25 May 2023.
Board Change • Jan 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Elin Karfjell was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Dec 21+ 5 more updatesDNO ASA to Report Q4, 2023 Results on Feb 08, 2024DNO ASA announced that they will report Q4, 2023 results on Feb 08, 2024
공시 • Dec 13DNO ASA Announces Successful Completion of the Second Appraisal Well on the Bergknapp/re Discovery in License PL836S in the Norwegian SeaDNO ASA announced successful completion of the second appraisal well on the Bergknapp/Åre discoveries in license PL836S in the Norwegian Sea. Recoverable volumes are currently estimated by the operator to range between 50 and 100 million barrels of oil equivalent (MMboe). Bergknapp/Åre are located eight kilometers west of the Wintershall Dea Norge AS operated Maria field, which is tied back to Equinor Energy AS' Kristin platform. Wintershall Dea holds a 40% in license PL836S as operator, with DNO Norge AS and Equinor each holding a 30% interest. DNO will now work expeditiously with the other licensees to fast track development utilizing the existing infrastructure in the area. The Bergknapp light oil discovery in the Garn, Ile and Tilje formations (44-75 MMboe) was made in 2020 and subsequently appraised by re-entering and sidetracking the discovery well in 2021. The sidetrack well also extended into the deeper Åre formation, where additional volumes of light oil, gas and condensate were discovered (6-25 MMboe). DNO's 2023 North Sea exploration and appraisal program has led to four successful exploration discoveries (Rver, Heisenberg, Carmen and Norma), two successful appraisal wells (of which one with a sidetrack that has led to a new discovery in the same license (Ofelia/Kyrre)) and two dry holes.
공시 • Dec 12DNO Announces Successful Ofelia Appraisal and New Kyrre DiscoveryDNO ASA announced completion of appraisal/side track wells that both confirmed the 2022 Ofelia oil and gas discovery and led to a new gas discovery in the overlying Kyrre formation in license PL929 in the Norwegian North Sea. Combined recoverable volumes are estimated by the operator to range between 27 and 52 million barrels of oil equivalent (MMboe). Ofelia/Kyrre is a candidate for a fast track, low cost development tie-back to the Gja platform located 23 kilometers to the south. Gja is operated by Neptune Energy Norge AS, which is also operator of license PL929 with a 40% interest. Other partners include Wintershall Dea Norge AS (20%), Pandion Energy AS (20 percent), DNO Norge AS (10%) and Aker BP ASA (10%). As one of the acreage holders in the prospective Troll-Gja area, DNO has already participated in six discoveries in this area with combined recoverable resources totaling 100 MMboe net to DNO since 2021. The Company plans to continue its extensive exploration and appraisal activity in Troll-Gja area in 2024.
공시 • Nov 10DNO ASA Approves Dividend, Payable on or About 24 November 2023DNO ASA announced that pursuant to the authorization granted at the Annual General Meeting held on 25 May 2023, the Board of Directors has approved a dividend payment of NOK 0.25 per share to be made on or about 24 November 2023 to all shareholders of record as of 17 November 2023. DNO shares will be traded ex- dividend as of 16 November 2023. Date of approval: 8 November 2023, based on authorization granted 25 May 2023.
공시 • Oct 16DNO ASA Reopens Production At Tawke PSCDNO ASA announced that production was shutdown following the closure of the Iraq-Türkiye pipeline on 25 March 2023. The Tawke field was reopened on 18 July and production has since ramped up, with the contractor share of crude oil from the field during the quarter sold to local buyers with payments received directly in advance. No crude oil was delivered to the Kurdistan Regional Government for export by pipeline through Türkiye.
공시 • Sep 19DNO Makes Play-Opening Discovery at NormaDNO ASA announced a gas condensate discovery on the Norma prospect in the Norwegian North Sea license PL984 in which the Company holds a 30% operated interest. Preliminary evaluation of the discovery indicates gross recoverable resources in the range of 25-130 million barrels of oil equivalent (MMboe) on a P90-P10 basis, with a mean of 70 MMboe, in a Jurassic reservoir zone with high quality sandstones. Located 20 kilometers northwest of the Balder hub and 30 kilometers south of the Alvheim hub, Norma is situated in an area with extensive infrastructure in the central part of the North Sea, with tie-back options offering potential routes to commercialization. Also within the same license, DNO has identified additional exploration prospects that have been considerably de-risked by the Norma results. Drilled to a vertical depth of 4,800 meters with the Deepsea Yantai drilling rig, Norma is DNO’s first operated high-pressure high-temperature exploration well. At 4,650 meters, the discovery well encountered a 16-meter hydrocarbon column in a 20-meter gross reservoir section in Jurassic sandstones. Several gas condensate samples were collected in the reservoir. In addition, a water sample was acquired. A bypass core of 33.7 meters was secured and an extensive data and sampling program conducted. This discovery is considered a play-opener for the deep turbiditic sands in this area given the exceptionally good reservoir quality encountered. Plans are underway to further delineate the discovery and the upside potential in the license. Before further appraisal drilling, improved seismic imaging and remapping will be undertaken to identify an optimal location for the next well. Even with the additional extensive data collection protocols, the Norma well is expected to be finished 15 days ahead of plan and at a cost eight percent below budget. Plug and abandonment operations have commenced this week. DNO was awarded an interest in PL984 in 2019 through its wholly-owned subsidiary DNO Norge AS. The other partners in the license are Source Energy AS, Equinor Energy AS, Vår Energi ASA (20% each) and Aker BP ASA (10%).
공시 • Sep 08DNO ASA Announces Managing Director ChangesDNO ASA announced that Christopher Spencer has been appointed Managing Director of the Company as Bjørn Dale steps down as part of a planned management transition initiated last year. Mr. Spencer has been DNO’s Chief Operating Officer since 2021. Before joining DNO six years ago, he served as chief executive of Rocksource ASA and in various commercial and technical roles at Royal Dutch Shell and BP. He is a Chartered Engineer with the Institution of Chemical Engineers in the United Kingdom.Mr. Dale joined DNO in 2011 as a corporate lawyer prior to his appointments as General Counsel and Managing Director. He will continue to advise the Company on legal and commercial matters for a period of six months following Mr. Spencer’s appointment effective 8 September 2023.
공시 • Aug 18DNO ASA Announces Update on Tawke PSCDNO ASA has issued an update on licence activity. Following a four-month shut-in triggered by the closure of the Iraq-Turkey Pipeline export route, DNO has partially restarted operations at the Tawke field and is currently selling its entitlement share of oil production to local trading companies. DNO restarted partial oil production from the Tawke field to conduct well integrity and reservoir tests but has continued to produce to meet strong demand for Tawke oil. Tawke output is currently averaging around 40,000 bopd, of which one-half is delivered to the Kurdistan Regional Government as its entitlement and the balance is sold to local trading companies.
공시 • Aug 17DNO ASA Approves Dividend Payment, o Be Made on or About 1 September 2023DNO ASA announced that pursuant to the authorization granted at the Annual General Meeting held on 25 May 2023, the Board of Directors has approved a dividend payment of NOK 0.25 per share to be made on or about 1 September 2023 to all shareholders of record as of 25 August 2023. DNO shares will be traded ex-dividend as of 24 August 2023.
공시 • Jul 12DNO ASA Announces Gas and Condensate Discovery on the Carmen Prospect in the Norwegian North Sea License PL1148DNO ASA announced a significant gas and condensate discovery on the Carmen prospect in the Norwegian North Sea license PL1148 in which the Company holds a 30% interest. Preliminary evaluation of comprehensive data, including cores and fluid samples, acquired from the discovery well and a follow-on extended sidetrack indicates gross recoverable resources in the range of 120-230 million barrels of oil equivalent (MMboe) on a P90-P10 basis. At 175 MMboe, the mid-point of this range, Carmen ranks as the largest discovery on the Norwegian Continental Shelf since 2013. The two wells have established a deeper hydrocarbon-water contact, tripling the mid-point of DNO's pre-drill expected range. Carmen is DNO's sixth discovery in the Troll-Gjoa area since 2021 and is located close to existing infrastructure with clear routes towards commercialization. The other discoveries are Rover Nord, Kveikje, Ofelia, Rover Sor and Heisenberg. DNO farmed into PL1148 in 2022 through its wholly-owned subsidiary DNO Norge AS. The other partners in the license are Wellesley Petroleum as operator with 50% interest and Equinor Energy AS and Aker BP AS with 10% each.
Board Change • Jun 29Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Elin Karfjell was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Jun 02Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Elin Karfjell was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • May 26DNO ASA Approves Executive ChangesDNO ASA at the AGM held on May 25, 2023, announced Najmedin Meshkati was elected as a new Board member. The Board accordingly consists of the following members: Bijan Mossavar-Rahmani (Executive Chairman). Gunnar Hirsti (Deputy Chairman). Elin Karfjell (Board member). Anita Maria Hjerkinn Aarnæs (Board member). Najmedin Meshkati (Board member). In accordance with the Nomination Committee's recommendation, Ferris J. Hussein was elected as a new member of the Nomination Committee in replacement of Lars Arne Takla, with an election period from the Annual General Meeting in 2023 to the Annual General Meeting in 2024. The Nomination Committee accordingly consists of the following members: Bijan Mossavar-Rahmani (Chairman). Kåre A. Tjønneland (member). Ferris J. Hussein (member).
Upcoming Dividend • May 17Upcoming dividend of kr0.25 per share at 9.6% yieldEligible shareholders must have bought the stock before 24 May 2023. Payment date: 02 June 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 9.6%. Within top quartile of British dividend payers (5.8%). Higher than average of industry peers (6.2%).
Reported Earnings • May 13First quarter 2023 earnings released: EPS: US$0.088 (vs US$0.14 in 1Q 2022)First quarter 2023 results: EPS: US$0.088 (down from US$0.14 in 1Q 2022). Revenue: US$268.9m (down 21% from 1Q 2022). Net income: US$87.4m (down 38% from 1Q 2022). Profit margin: 33% (down from 41% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 13% p.a. on average during the next 3 years compared to a 2.6% decline forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
공시 • May 11DNO ASA Approves Cash Dividend, Payable on or about June 2, 2023DNO ASA announced that pursuant to the authorization granted at the Annual General Meeting held on 25 May 2022, the Board of Directors has approved a cash dividend payment of NOK 0.25 per share to be made on or about 2 June 2023 to all shareholders of record as of 25 May 2023. DNO shares will be traded ex-dividend as of 24 May 2023.
Buying Opportunity • Mar 20Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 9.8%. The fair value is estimated to be kr13.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 92%. For the next 3 years, revenue is forecast to decline by 10% per annum. Earnings is also forecast to decline by 10% per annum over the same time period.
Reported Earnings • Mar 18Full year 2022 earnings released: EPS: US$0.39 (vs US$0.21 in FY 2021)Full year 2022 results: EPS: US$0.39 (up from US$0.21 in FY 2021). Revenue: US$1.38b (up 37% from FY 2021). Net income: US$384.9m (up 89% from FY 2021). Profit margin: 28% (up from 20% in FY 2021). The increase in margin was driven by higher revenue. Oil reserves Proven reserves: 91.5 MMbbls Combined production and costs Oil equivalent production: 34.3 MMboe (34.5 MMboe in FY 2021) Average production cost/Boe: US$6.50 (US$5.30/Boe in FY 2021) Revenue is expected to fall by 10% p.a. on average during the next 3 years compared to a 4.5% decline forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 11Full year 2022 earnings released: EPS: US$0.39 (vs US$0.21 in FY 2021)Full year 2022 results: EPS: US$0.39 (up from US$0.21 in FY 2021). Revenue: US$1.38b (up 37% from FY 2021). Net income: US$384.9m (up 89% from FY 2021). Profit margin: 28% (up from 20% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to fall by 10% p.a. on average during the next 3 years compared to a 5.0% decline forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
공시 • Feb 09+ 1 more updateDNO ASA Confirms Oil and Gas Discovery on the Røver Sør Prospect in the Norwegian North Sea License PL923DNO ASA confirmed an oil and gas discovery on the Røver Sør prospect in the Norwegian North Sea license PL923 in which the Company holds a 20% interest. The discovery well and a follow-on appraisal sidetrack encountered hydrocarbons in three Jurassic Brent Group sandstone reservoirs (Ness, Etive and Oseberg formations). Preliminary estimates of gross recoverable resources are in the range of 17-47 million barrels of oil equivalent. The partners, which in addition to the Company’s wholly-owned subsidiary DNO Norge AS, include Equinor Energy AS (operator), Petoro AS and Wellesley Petroleum AS, consider the discovery to be commercial. Together with a string of recent discoveries in the area, Røver Sør may be tied back to the Equinor-operated Troll field about 10 kilometers to the east. Røver Sør is DNO’s fourth consecutive exploration success in the Troll-Gjøa area following the 2021 Røver Nord discovery within the same license and also the 2022 discoveries of Kveikje in PL293B (DNO 29%) and Ofelia in PL929 (DNO 10%). One of the largest acreage holders in the Troll-Gjøa area, the Company has scheduled five more exploration wells in this North Sea exploration hotspot during 2023. The next of these exploration wells, Heisenberg, will spud in license PL827S (DNO 49% with the remaining 51% held by Equinor as operator) later this month.
Board Change • Jan 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Elin Karfjell was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions • Nov 23Insider recently bought kr125k worth of stockOn the 21st of November, Geir Skau bought around 10k shares on-market at roughly kr12.48 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr485k. Insiders have collectively bought kr267k more in shares than they have sold in the last 12 months.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Elin Karfjell was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Nov 12+ 4 more updatesDNO ASA to Report First Half, 2023 Results on Aug 17, 2023DNO ASA announced that they will report first half, 2023 results on Aug 17, 2023
Recent Insider Transactions • Nov 08Insider recently bought kr485k worth of stockOn the 4th of November, Geir Skau bought around 33k shares on-market at roughly kr14.89 per share. This transaction increased Geir's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr142k more in shares than they have sold in the last 12 months.
Reported Earnings • Nov 04Third quarter 2022 earnings released: EPS: US$0.13 (vs US$0.032 in 3Q 2021)Third quarter 2022 results: EPS: US$0.13 (up from US$0.032 in 3Q 2021). Revenue: US$338.9m (up 34% from 3Q 2021). Net income: US$129.6m (up 319% from 3Q 2021). Profit margin: 38% (up from 12% in 3Q 2021). The increase in margin was primarily driven by higher revenue. Revenue is expected to fall by 9.8% p.a. on average during the next 3 years compared to a 5.9% decline forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Oct 05Investor sentiment improved over the past weekAfter last week's 15% share price gain to kr13.31, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 5x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 13% over the past three years.
Board Change • Sep 26Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Elin Karfjell was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 12Second quarter 2022 earnings released: EPS: US$0.074 (vs US$0.058 in 2Q 2021)Second quarter 2022 results: EPS: US$0.074 (up from US$0.058 in 2Q 2021). Revenue: US$360.6m (up 96% from 2Q 2021). Net income: US$72.3m (up 28% from 2Q 2021). Profit margin: 20% (down from 31% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 3.3%, compared to a 17% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 11% per year.
Board Change • Jul 15Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Elin Karfjell was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Jun 10Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Director Elin Karfjell was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 19Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: US$0.21 (up from US$0.29 loss in FY 2020). Revenue: US$1.00b (up 63% from FY 2020). Net income: US$203.9m (up US$489.8m from FY 2020). Profit margin: 20% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Oil reserves Proven reserves: 90.4 MMbbls Combined production and costs Oil equivalent production: 34.5 MMboe (36.6 MMboe in FY 2020) Average production cost/Boe: US$5.30 (US$4.90/Boe in FY 2020) Revenue exceeded analyst estimates by 8.4%. Over the next year, revenue is forecast to grow 14%, compared to a 32% growth forecast for the oil industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.
Board Change • Mar 08Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Director Elin Karfjell was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 13Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: US$0.21 (up from US$0.29 loss in FY 2020). Revenue: US$1.00b (up 63% from FY 2020). Net income: US$203.9m (up US$489.8m from FY 2020). Profit margin: 20% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 8.4%. Over the next year, revenue is expected to shrink by 1.5% compared to a 26% growth forecast for the oil industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.
Valuation Update With 7 Day Price Move • Feb 05Investor sentiment improved over the past weekAfter last week's 20% share price gain to kr13.33, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Oil and Gas industry in the United Kingdom. Total loss to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr15.01 per share.
Board Change • Feb 05Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Director Elin Karfjell was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Dec 22Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Director Elin Karfjell was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Nov 04Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Elin Karfjell was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Oct 20Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Elin Karfjell was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Oct 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Elin Karfjell was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Sep 04Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Elin Karfjell was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Jul 30Second quarter 2021 earnings released: EPS US$0.058 (vs US$0.065 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$184.3m (up 156% from 2Q 2020). Net income: US$56.7m (up US$120.3m from 2Q 2020). Profit margin: 31% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance.