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4-Traders Homepage  >  Equities  >  Oslo Bors  >  Det Norske Oljeselskap ASA    DETNOR   NO0010345853

Delayed Quote. Delayed  - 07/22 04:25:29 pm
106.3 NOK   -3.36%
07/20 Norway to examine competition conditions in oil industry
07/14 DET NORSKE OLJE : Second quarter results 2016
07/11DET NORSKE OLJE : half-yearly earnings release
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Det Norske Oljeselskap Buys 10% Stake In Barents Sea License

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03/19/2012 | 09:14am CEST

Norwegian oil company Det Norske Oljeselskap ASA (DETNOR.OS) said Monday it has acquired a 10% interest in Production License (PL) 531 from RWE Dea Norge AS.

 
   MAIN FACTS: 

-The first exploration well in the license is planned drilled in the fourth quarter this year, or during the first quarter of next year.

-The well will be drilled with the Transocean Barents drilling facility.

-Repsol Exploration Norge AS is the operator, holding a 20% interest. The other licensees are Talisman Energy Norge AS (25%), Concedo ASA (20%), RWE Dea Norge AS (15%), and Marathon Oil Norge AS (10%).

-This acquisition is part of Det norske's continuous strategy of diversifying and optimizing its exploration portfolio. The purchase agreement is subject to approval by the Norwegian authorities.

-Shares closed Friday at NOK92.75.

-By Dominic Chopping; Dow Jones Newswires; +46-8-5451-3093; dominic.chopping@dowjones.com

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Financials ($)
Sales 2016 1 140 M
EBIT 2016 197 M
Net income 2016 71,3 M
Debt 2016 2 673 M
Yield 2016 0,18%
P/E ratio 2016 50,23
P/E ratio 2017 17,53
EV / Sales 2016 4,57x
EV / Sales 2017 2,31x
Capitalization 2 537 M
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 13,0 $
Spread / Average Target 4,2%
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Managers
NameTitle
Karl Johnny Hersvik Chief Executive Officer
Øyvind Eriksen Chairman
Geir Solli Senior Vice President-Operations
Alexander Lorentzen Krane Chief Financial Officer
Gudmund Evju Director, SVP-Technology & Field Development
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