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

Delayed Quote. Delayed  - 09/28 04:25:04 pm
113.8 NOK   -0.61%
09/15 DET NORSKE OLJE : Minutes from Extraordinary General Meeting in Det ..
09/14 DET NORSKE OLJE : Increased 2016 production guidance
09/13 DET NORSKE OLJE : Aker Solutions and Subsea 7 Form Development Allia..
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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 1 158 M
EBIT 2016 212 M
Net income 2016 69,9 M
Debt 2016 2 543 M
Yield 2016 0,44%
P/E ratio 2016 56,94
P/E ratio 2017 20,58
EV / Sales 2016 4,67x
EV / Sales 2017 2,45x
Capitalization 2 861 M
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Det Norske Oljeselskap ASA Technical Analysis Chart | DETNOR | NO0010345853 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 14,0 $
Spread / Average Target -1,0%
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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
Kjell Inge Røkke Director
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