http://www.aknews.com/en/aknews/2/46711/
Fin fin :)
Men det har vi jo vidst hele tiden...
Fin fin :)
Men det har vi jo vidst hele tiden...
15/6 2009 09:27 fcras 0
13512 Sunday, 14 June 2009, 05:03 EDT
DNO's Kurdish exports At 50,000 B/D in 4 wks, CEO says
Oil workers in a Kurdish field. Some Iraqi officials say the launch of Kurdish crude exports was good for Iraq. PRERSS PHOTO
The Kurdish Globe
Oil exports from the Tawke field in Iraq's Kurdistan region should reach 50,000 barrels a day within four weeks, Helge Eide, chief executive of DNO International ASA (DNO.OS), said Thursday.
Eide also told Dow Jones Newswires that he is hopeful the company will soon start to receive revenues from the exports.
«The Kurdish Regional Government has said a mechanism will be in place (for payments),» said Eide. «Lots of companies are starting to invest so it will be important for the region and contracts» that the issue is sorted, Eide said.
DNO, one of the first international companies to export oil from Iraq in the post-war era, started exporting from Tawke on June 1.
Uncertainty over revenue streams stems from ongoing haggling between the KRG and Iraq's central government, which has been unwilling to recognize contracts signed by the KRG with international companies. It has given its approval for exports in order to start generating much needed revenue, but remains non-committal about how those revenues will be divided between the different stakeholders.
Under the terms of its contract with the KRG, revenues from the Tawke project are split 60% to DNO and 40% to the government, until the company has recovered certain costs relating to the development of the field, Eide said.
«That's the model used for domestic sales,» Eide said. DNO has been poised to export oil for a number of months, and has been selling some volumes into the domestic Iraqi market. It continues to sell between 2,000 and 6,000 barrels a day locally, he said.
If the company achieves the Tawke design capacity of 50,000 barrels a day, and oil prices remain at current levels, Eide reckoned DNO will have covered most of its development costs within a year. At that point revenues to DNO will be dictated by the kind of standard production sharing agreements, or PSAs seen elsewhere, he said.
«The government will take 80%-90% of revenues over the life of the field, with less of that at the start, and more at the end of the field's life,» he noted.
Eide said Tawke oil will command a price below Brent oil because it's lower quality, but he declined to say what the margin will be.
While Tawke's design capacity hasn't yet been tested at 50,000 barrels a day, if the processing unit can do more, it will, Eide said.
He welcomed the entry of other international players to the region. While DNO is proud of its status as a front-runner in the region - together with Turkey's Genel Enerji AS, recent target of a takeover by Heritage Oil Ltd. (HOIL.LN) - Eide said new players «will be positive for the region and bring «higher acknowledgment» to the activities there.
http://www.kurdishglobe.net/displayArticle.jsp?id=E996D27C9066C32BB1B4D250307CF0B9
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vi kan faktisk på baggrund af ovenstående nu regne på hvad omsætning omkostning/revenue er på feltet. Hvis de inden for 4 uger nå 50.000 tønder så kan de recoupe deres investering på 468 mill dollar indenfor et halvt år. Derefter kører den nye mekanisme igennem. Så mon ikke det er en fair assumption at tror at tawke ved 50.000 tønder olie ved nuværende oliepris på omkring de 70. Genererer 1 mia dollar årligt, hvor dno skal have mellem 10-20%? dvs 100-200 mill dollar om året?
15/6 2009 11:31 fcras 013518 Kjempefond laster opp i DNO
15.6.09 09:11)
Storfond har sikret seg store poster i DNO International.
Det har skjedd endringer på topp 20-listen i DNO International. Spesielt interessant er det et to Oppenheimerfond går inn høyt på listen. Fondet er tredje største aksjonær samlet sett. Oppenheimter Developing Markets går rett inn på femte plass med 25,06 millioner aksjer, noe som tilsvarer 2,77 prosent. Oppenheimer International Small er ny med 15 millioner aksjer (1,66 prosent).
OppenheimerFunds, grunnlagt i 1960, er en av USAs største fondsforvaltere. Selskapet tilbyr aksjefond, institusjonelle investeringer, hedgefond og pensjonsfond. Totalt er det mer enn 65 fond under Oppenheimer-paraplyen.
Øvrige nykommere er JPMorgan Funds European Bank med 16,2 millioner aksjer, samt Pensjonskassen StatoilHydro med 6,4 millioner aksjer. Sistnevnte gikk ut av listen for en uke siden.
En nominee-konto topper oversikten (Kas Depositary Trust Company) med 49,3 millioner aksjer (5,45 millioner aksjer).
http://www.hegnar.no/bors/article379500.ece
