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4-Traders Homepage  >  Equities  >  Oslo Bors  >  DNO International    DNO   NO0003921009

DNO INTERNATIONAL (DNO)
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DNO International : Reports Payment for Tawke Deliveries

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09/14/2017 | 08:02am CET

Oslo, 14 September 2017 - DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 34.75 million from the Kurdistan Regional Government as payment towards June 2017 crude oil deliveries to the export market from the Tawke license. The funds will be shared pro-rata by DNO and partner Genel Energy plc.

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For further information, please contact:
Media: media@dno.no
Investors: investor.relations@dno.no
Tel: +47 911 57 197

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DNO ASA is a Norwegian oil and gas operator focused on the Middle East-North Africa region and the North Sea. Founded in 1971 and listed on the Oslo Stock Exchange, the Company holds stakes in onshore and offshore licenses at various stages of exploration, development and production in the Kurdistan region of Iraq, Norway, Oman, Somaliland, Tunisia, the United Kingdom and Yemen.

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This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: DNO ASA via Globenewswire

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Financials ($)
Sales 2017 357 M
EBIT 2017 297 M
Net income 2017 254 M
Finance 2017 67,8 M
Yield 2017 -
P/E ratio 2017 4,22
P/E ratio 2018 5,54
EV / Sales 2017 3,57x
EV / Sales 2018 2,22x
Capitalization 1 342 M
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Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 1,46 $
Spread / Average Target 18%
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Managers
NameTitle
Bjørn Kenneth Dale Managing Director
Bijan Mossavar-Rahmani Executive Chairman
Haakon Sandborg Chief Financial Officer
Gunnar Hirsti Director
Shelley M. Watson Director
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