Jeg har idag talt med en meget velbevandret udi det politiske i kurdistan. Han er selv kurder. Han siger at medierne i Kurdistan svømmer over med historier om DNO og at ministeren angiveligt er taget ud af Kurdistan. Jeg kommer med flere insider bulletiner.
23/9 2009 23:09 stengård 0
19980 det er grei... nå kan man skriva en besked til Hegu på norska boardet
Tricket ligger altså i sproget, en logik der nok er en scient. pol værdig 
Tricket ligger altså i sproget, en logik der nok er en scient. pol værdig
24/9 2009 11:22 collersteen 019994 Her lidt mere om sagsforløbet, ifølge dokumenter udleveret af Oslo Børs.
http://www.dn.no/bilder/naeringsliv/article1747413.ece
Der er flere interessante ting i mellem. Herunder at KRG har forespurgt HSBC om der har været nogen forespørgsel fra OSlo Børs....
Aktierne har hele tiden ligget i KRG's depot.
Endelig, må konklusionen om at det er H.Eide der har taget kontakten først betragtes som lidt tynd - i hvert fald på det grundlag. Der er jo ingen handler der starter med at man blot sender sin mæglerinfo til modparten.
Der må være foregået en masse før, men det kan jo være sket per tlf., personligt møde, osv... så det er nok umuligt at få på plads. Men engang om 20års tid kan man måske loke Helge Eide til at skrive sin version af hele forløbet...
http://www.dn.no/bilder/naeringsliv/article1747413.ece
Der er flere interessante ting i mellem. Herunder at KRG har forespurgt HSBC om der har været nogen forespørgsel fra OSlo Børs....
Aktierne har hele tiden ligget i KRG's depot.
Endelig, må konklusionen om at det er H.Eide der har taget kontakten først betragtes som lidt tynd - i hvert fald på det grundlag. Der er jo ingen handler der starter med at man blot sender sin mæglerinfo til modparten.
Der må være foregået en masse før, men det kan jo være sket per tlf., personligt møde, osv... så det er nok umuligt at få på plads. Men engang om 20års tid kan man måske loke Helge Eide til at skrive sin version af hele forløbet...
Den Book-deal vil i så fald måske endda være mere værd end DNO...
Nå analytiker målene var da kun lidt slemme
Nå analytiker målene var da kun lidt slemme
UPDATE1-DNO-sak vurderes av Økokrim
24-09-2009 12:12:00
* Kredittilsynet sender ballen videre
* Økokrim-sjef vurderer nå saken
(Legger til kommentar fra Økokrim)
OSLO, 24 sept (Reuters) - Kredittilsynet ber Økokrim vurdere saken som omhandler DNOs salg av egne aksjer for 175,5 millioner kroner i fjor høst.
"Ut fra de opplysninger som foreligger har Kredittilsynet valgt å overlate det videre arbeidet med DNO-saken til Økokrim for vurdering og eventuell videre oppfølging."
"Media har i flere dager omtalt ulike sider ved transaksjoner i selskapet DNO International ASA som blant annet har involvert representanter for kurdiske selvstyremyndigheter i Irak."
"Kredittilsynet har hatt kjennskap til saken i lengre tid og har blitt holdt løpende orientert om utviklingen fra Oslo Børs."
Kredittilsynet sier det selv har har gjort enkelte undersøkelser i saken og valgte tidlig i prosessen å konsulterte Økokrim.
"Ut fra de opplysninger som foreligger har Kredittilsynet funnet det mest hensiktsmessig å overlate sakskomplekset til Økokrim for en nærmere vurdering og eventuell videre oppfølging."
"I denne vurderingen er det bl.a. lagt vekt på at saken kan ha aspekter utover de rent verdipapirrettslige."
"I tillegg legges det vekt på at det internasjonale politisamarbeidet etter alt å dømme vil være den beste kanalen for eventuelt å få belyst omstendighetene rundt de aktuelle transaksjonene i DNO", begrunner Kredittilsynet.
Dermed er det Økokrim-sjef Trond Erik Schea som har overtatt ansvaret for DNO-saken. Han er imidlertid svært knapp i sine uttalelser.
- Vi har hatt kontakt med kredittilsynet om denne saken og sitter nå og vurderer den. Det er alt jeg kan si på det nåværende tidspunkt, sier Schea til Reuters.
24-09-2009 12:12:00
* Kredittilsynet sender ballen videre
* Økokrim-sjef vurderer nå saken
(Legger til kommentar fra Økokrim)
OSLO, 24 sept (Reuters) - Kredittilsynet ber Økokrim vurdere saken som omhandler DNOs salg av egne aksjer for 175,5 millioner kroner i fjor høst.
"Ut fra de opplysninger som foreligger har Kredittilsynet valgt å overlate det videre arbeidet med DNO-saken til Økokrim for vurdering og eventuell videre oppfølging."
"Media har i flere dager omtalt ulike sider ved transaksjoner i selskapet DNO International ASA som blant annet har involvert representanter for kurdiske selvstyremyndigheter i Irak."
"Kredittilsynet har hatt kjennskap til saken i lengre tid og har blitt holdt løpende orientert om utviklingen fra Oslo Børs."
Kredittilsynet sier det selv har har gjort enkelte undersøkelser i saken og valgte tidlig i prosessen å konsulterte Økokrim.
"Ut fra de opplysninger som foreligger har Kredittilsynet funnet det mest hensiktsmessig å overlate sakskomplekset til Økokrim for en nærmere vurdering og eventuell videre oppfølging."
"I denne vurderingen er det bl.a. lagt vekt på at saken kan ha aspekter utover de rent verdipapirrettslige."
"I tillegg legges det vekt på at det internasjonale politisamarbeidet etter alt å dømme vil være den beste kanalen for eventuelt å få belyst omstendighetene rundt de aktuelle transaksjonene i DNO", begrunner Kredittilsynet.
Dermed er det Økokrim-sjef Trond Erik Schea som har overtatt ansvaret for DNO-saken. Han er imidlertid svært knapp i sine uttalelser.
- Vi har hatt kontakt med kredittilsynet om denne saken og sitter nå og vurderer den. Det er alt jeg kan si på det nåværende tidspunkt, sier Schea til Reuters.
UPDATE 3-DNO shares plunge on risk of losing Iraq licences
24-09-2009 14:10:00
* Shares plummet as much as 55 pct after suspension lifted
* Company in talks with authorities to resolve dispute
* Watchdog asks Norway police to probe DNO transactions
* Oil producer says preparing legal action vs Oslo bourse
(Recasts with analysts, quotes)
By Wojciech Moskwa
OSLO, Sept 24 (Reuters) - Norwegian oil producer DNO International ASA (DNO) lost half its stock market value on Thursday on fears the Kurdish Regional Government (KRG) may make permanent a suspension of DNO's activities in northern Iraq.
DNO said it was in talks with the authorities of the semi-autonomous region to resolve the spat but analysts were unclear what the company could do to rectify the situation.
Shares in DNO plummeted as much as 55 percent to a near 12-month low of 2.98 crowns and were down 43 percent at 3.79 crowns by 1125 GMT, knocking almost $500 million off its market value.
The stock had been suspended since Monday due to the KRG dispute.
Analysts say 75 to 85 percent of DNO's value is in its Kurdish operations, centred around its Tawke oil field holding 153 million barrels of proven oil reserves.
"Without any further clarification from the KRG, we expect the share price to fall further to around 3 crowns per share," said Trond Omdal, an analyst at Arctic Securities in Oslo.
The spat centres on the sale of 44 million DNO shares to the KRG, which ended up in the hands of privately-held Turkish company Genel Energy, which is in the process of buying Heritage Oil (HOIL) -- another oil company active in Kurdistan.
The KRG suspended DNO's licences after details of an Oslo Stock Exchange (OSE) probe, which revealed the KRG's role, were made public. The KRG said the revelations had caused it "unjustifiable and incalculable harm".
On Thursday, Norway's financial watchdog Kredittilsynet said it had asked the police to probe "various aspects of transactions in DNO International (shares), which among others have involved representatives of Kurdish authorities in Iraq."
The row has undermined faith in licences signed between the KRG and western oil companies and led to fears for the future of a planned merger between Genel and Heritage. [ID:nLM261452]
Shares in Heritage and fellow investor in Kurdish oil Gulf Keystone (GKP) have also been knocked by DNO's situation.
APOLOGIES AND COMPENSATION
The spat has also dented hopes that the region, which the KRG says has reserves of at least 40 billion barrels, will become a major oil producer and help Iraq meet its plans to boost oil output sharply in coming years.
"(This) will scare other companies from investing in the region's oil sector," said Faisal Khorshed, an analyst at the Kurdistan Centre for Strategic Studies. "If this is not solved, it will be negative for the KRG and Iraq as a whole."
Analysts have said that it was not clear what DNO could do to rectify the situation with the KRG.
RBC Capital Markets analyst Al Stanton wrote in a note dated Sept. 22: "Other than an apology from Oslo -- from the OSE and DNO -- it is unclear how the situation can be rectified.
"Any financial compensation, say an adjustment to DNO's Production Sharing Contract, would compound the issue, in our view, as it would further highlight the risk of 'fiscal creep'".
Some said the KRG had an incentive to find a solution.
"Even with this conflict, the Kurds don't want to frighten away others from the region -- so both parties have an interest in resolving this," said Marius Gaard at brokerage Carnegie.
"But there is uncertainty about what kind of solution they can achieve to undo the claimed damages by the Kurdish side."
Analysts said the present valuation of DNO shares prices in the company regaining its investment in Kurdistan, where it has spent some $330 million in the event its contract is terminated.
Arctic's Omdal said if DNO gets no compensation from KRG, the net asset value of its shares was 1.0 to 1.5 crowns. Besides Kurdistan, DNO has fields in Yemen and a 23.5 percent stake in Det norske oljeselskap (DETNOR).
"Without its assets in Kurdistan, DNO would be a really tiny company, which may be better off selling its remaining assets and closing shop," said one analyst who asked not to be named.
DNO exports around 50,000 barrels per day from the Tawke field but has not received any revenue due to disputes between the KRG and Baghdad authorities over sharing oil receipts.
DNO said it was preparing for legal action against the Oslo Stock Exchange, which it believes breached confidentiality rules by disclosing the buyer of the treasury shares. The Oslo bourse has repeatedly denied any wrongdoing.
24-09-2009 14:10:00
* Shares plummet as much as 55 pct after suspension lifted
* Company in talks with authorities to resolve dispute
* Watchdog asks Norway police to probe DNO transactions
* Oil producer says preparing legal action vs Oslo bourse
(Recasts with analysts, quotes)
By Wojciech Moskwa
OSLO, Sept 24 (Reuters) - Norwegian oil producer DNO International ASA (DNO) lost half its stock market value on Thursday on fears the Kurdish Regional Government (KRG) may make permanent a suspension of DNO's activities in northern Iraq.
DNO said it was in talks with the authorities of the semi-autonomous region to resolve the spat but analysts were unclear what the company could do to rectify the situation.
Shares in DNO plummeted as much as 55 percent to a near 12-month low of 2.98 crowns and were down 43 percent at 3.79 crowns by 1125 GMT, knocking almost $500 million off its market value.
The stock had been suspended since Monday due to the KRG dispute.
Analysts say 75 to 85 percent of DNO's value is in its Kurdish operations, centred around its Tawke oil field holding 153 million barrels of proven oil reserves.
"Without any further clarification from the KRG, we expect the share price to fall further to around 3 crowns per share," said Trond Omdal, an analyst at Arctic Securities in Oslo.
The spat centres on the sale of 44 million DNO shares to the KRG, which ended up in the hands of privately-held Turkish company Genel Energy, which is in the process of buying Heritage Oil (HOIL) -- another oil company active in Kurdistan.
The KRG suspended DNO's licences after details of an Oslo Stock Exchange (OSE) probe, which revealed the KRG's role, were made public. The KRG said the revelations had caused it "unjustifiable and incalculable harm".
On Thursday, Norway's financial watchdog Kredittilsynet said it had asked the police to probe "various aspects of transactions in DNO International (shares), which among others have involved representatives of Kurdish authorities in Iraq."
The row has undermined faith in licences signed between the KRG and western oil companies and led to fears for the future of a planned merger between Genel and Heritage. [ID:nLM261452]
Shares in Heritage and fellow investor in Kurdish oil Gulf Keystone (GKP) have also been knocked by DNO's situation.
APOLOGIES AND COMPENSATION
The spat has also dented hopes that the region, which the KRG says has reserves of at least 40 billion barrels, will become a major oil producer and help Iraq meet its plans to boost oil output sharply in coming years.
"(This) will scare other companies from investing in the region's oil sector," said Faisal Khorshed, an analyst at the Kurdistan Centre for Strategic Studies. "If this is not solved, it will be negative for the KRG and Iraq as a whole."
Analysts have said that it was not clear what DNO could do to rectify the situation with the KRG.
RBC Capital Markets analyst Al Stanton wrote in a note dated Sept. 22: "Other than an apology from Oslo -- from the OSE and DNO -- it is unclear how the situation can be rectified.
"Any financial compensation, say an adjustment to DNO's Production Sharing Contract, would compound the issue, in our view, as it would further highlight the risk of 'fiscal creep'".
Some said the KRG had an incentive to find a solution.
"Even with this conflict, the Kurds don't want to frighten away others from the region -- so both parties have an interest in resolving this," said Marius Gaard at brokerage Carnegie.
"But there is uncertainty about what kind of solution they can achieve to undo the claimed damages by the Kurdish side."
Analysts said the present valuation of DNO shares prices in the company regaining its investment in Kurdistan, where it has spent some $330 million in the event its contract is terminated.
Arctic's Omdal said if DNO gets no compensation from KRG, the net asset value of its shares was 1.0 to 1.5 crowns. Besides Kurdistan, DNO has fields in Yemen and a 23.5 percent stake in Det norske oljeselskap (DETNOR).
"Without its assets in Kurdistan, DNO would be a really tiny company, which may be better off selling its remaining assets and closing shop," said one analyst who asked not to be named.
DNO exports around 50,000 barrels per day from the Tawke field but has not received any revenue due to disputes between the KRG and Baghdad authorities over sharing oil receipts.
DNO said it was preparing for legal action against the Oslo Stock Exchange, which it believes breached confidentiality rules by disclosing the buyer of the treasury shares. The Oslo bourse has repeatedly denied any wrongdoing.
OSLO, Sept 25 (Reuters) - Shares in Norwegian oil producer DNO International were up 9.1 percent early on Friday after Kurdistan's Foreign Minister said he believed the company would resume its operations in the Kurdish region.
DNO shares plunged as much as 55 percent on Thursday on fears the Kurdish Regional Government (KRG) may make permanent its temporary suspension of DNO activities in northern Iraq. [ID:nLP412654]
Iraqi Kurdistan Foreign Minister Falah Bakir told reporters in Washington D.C. late on Thursday that he did not believe that DNO's license suspension was permanent.
"When this issue is sorted out between the Oslo Stock Exchange and DNO, I am confident they will resume," he said, adding that Kurdistan has been supportive of DNO.
DNO shares plunged as much as 55 percent on Thursday on fears the Kurdish Regional Government (KRG) may make permanent its temporary suspension of DNO activities in northern Iraq. [ID:nLP412654]
Iraqi Kurdistan Foreign Minister Falah Bakir told reporters in Washington D.C. late on Thursday that he did not believe that DNO's license suspension was permanent.
"When this issue is sorted out between the Oslo Stock Exchange and DNO, I am confident they will resume," he said, adding that Kurdistan has been supportive of DNO.
25/9 2009 09:59 collersteen 020018 Det var sgu da rart at læse..... selvom jeg nu ikke vil blive overrasket hvis udenrigsministeren i næste også bliver fornærmet.... 
BAGHDAD, Sept 25 (Reuters) - Northern Iraq's Kurdish region on Friday said it was "hopeful" it could settle a row with Norwegian oil firm DNO International (DNO), which has led to the suspension the foreign firm's activities in Iraq.
Iraq's largely autonomous Kurdish Regional Government (KRG) on Monday announced it was suspending for up to six weeks DNO's operations, centred at Tawke oil field, after details of a stock deal between the KRG and DNO last year were released.
"Nothing that was done was illegal, but the amount of speculation damaged our reputation. Industry reputation is key for investors," Khalid Salih, adviser to the Kurdish Regional Government's natural resources minister, told Reuters.
"We are hopeful we will find a solution. We are hopeful that the KRG's reputation will be reinstated," he said, adding that talks were under way with DNO.
He said Turkey's Genel Enerji, DNO's partner in the Tawke field, would take over DNO's day-to-day activities in Iraq, and that it was too early to say if DNO's suspension would be permanent.
Late on Thursday, KRG Foreign Minister Falah Bakir told reporters in Washington he did not believe DNO's suspension would be permanent, giving DNO shares a boost.
Iraq's largely autonomous Kurdish Regional Government (KRG) on Monday announced it was suspending for up to six weeks DNO's operations, centred at Tawke oil field, after details of a stock deal between the KRG and DNO last year were released.
"Nothing that was done was illegal, but the amount of speculation damaged our reputation. Industry reputation is key for investors," Khalid Salih, adviser to the Kurdish Regional Government's natural resources minister, told Reuters.
"We are hopeful we will find a solution. We are hopeful that the KRG's reputation will be reinstated," he said, adding that talks were under way with DNO.
He said Turkey's Genel Enerji, DNO's partner in the Tawke field, would take over DNO's day-to-day activities in Iraq, and that it was too early to say if DNO's suspension would be permanent.
Late on Thursday, KRG Foreign Minister Falah Bakir told reporters in Washington he did not believe DNO's suspension would be permanent, giving DNO shares a boost.
De kurdiske selvstyremyndighetene har innkalt til pressekonferanse på Hotel Continental søndag kl. 13:00. HegnarOnline dekker pressekonferansen.
Hva KRG ønsker å fortelle er ikke kjent, men de siste uttalelsene fra KRG tydet på at det var håp for DNO i Kurdistan.
Den kurdiske utenriksministeren Falah Bakir sa til Reuters i natt, norsk tid, at han ikke tror DNO blir kastet ut av Nord-Irak på permanent basis.
- Når problemene mellom Oslo Børs og DNO er løst, er jeg sikker på at de vil fortsette i Kurdistan, sa han til nyhetsbyrået.
Ministeren roser DNO, som startet som en av de første utenlandske selskapene i regionen.
- Kurdiske myndigheter har forsøkt å holde seg utenfor problemets kjerne, som ikke er relatert til kurdiske myndigheter, sa han.
Ministeren mener informasjonen om DNOs og KRGs transaksjon har skadet KRG.
DNO ble vinneren på Oslo Børs fredag, med en oppgang på over 19 prosent, til 4,3 kroner. Da aksjen ble suspendert mandag ble den sist omsatt på 6,66 kroner.
Det laveste for aksjen det siste året er 2,85 kroner. Det høyeste er 8,57 kroner.
All-time high for DNO er 33,7 kroner. På det laveste torsdag var aksjen nede i 2,98 kroner.
Hva KRG ønsker å fortelle er ikke kjent, men de siste uttalelsene fra KRG tydet på at det var håp for DNO i Kurdistan.
Den kurdiske utenriksministeren Falah Bakir sa til Reuters i natt, norsk tid, at han ikke tror DNO blir kastet ut av Nord-Irak på permanent basis.
- Når problemene mellom Oslo Børs og DNO er løst, er jeg sikker på at de vil fortsette i Kurdistan, sa han til nyhetsbyrået.
Ministeren roser DNO, som startet som en av de første utenlandske selskapene i regionen.
- Kurdiske myndigheter har forsøkt å holde seg utenfor problemets kjerne, som ikke er relatert til kurdiske myndigheter, sa han.
Ministeren mener informasjonen om DNOs og KRGs transaksjon har skadet KRG.
DNO ble vinneren på Oslo Børs fredag, med en oppgang på over 19 prosent, til 4,3 kroner. Da aksjen ble suspendert mandag ble den sist omsatt på 6,66 kroner.
Det laveste for aksjen det siste året er 2,85 kroner. Det høyeste er 8,57 kroner.
All-time high for DNO er 33,7 kroner. På det laveste torsdag var aksjen nede i 2,98 kroner.
De kurdiske selvstyremyndighetene har innkalt til pressekonferanse på Hotel Continental søndag kl. 13:00. HegnarOnline dekker pressekonferansen her.
http://e24.no/boers-og-finans/article3290911.ece
I rækken af folk der frikender sig selv optræder nu Oslo´s kommunikationschef.
I rækken af folk der frikender sig selv optræder nu Oslo´s kommunikationschef.
rctic-analytiker Trond Omdals første reaksjoner etter DNO-presentasjonen søndag.
Espen Bjerke
Publisert: 27.09.2009 - 15:50 Oppdatert: 27.09.2009 - 16:21
- Hvis all dokumentasjon viser at avtalen er designet etter DNO og Genels ønsker, så endrer det veldig mye, sa analytiker Trond Omdal i Arctic Securities til pressen etter å ha sett den kurdiske seniorrådgiveren Khalid Salihs gjennomgang av de kurdiske DNO-handlene.
Salih presenterte en rekke dokumenter i en powerpoint-presentasjon for å dokumentere sin sak, men den hurtige gjennomgangen gjorde det vanskelig for de fremmøtte å få mer ut av dokumentasjonen enn det Salih hevdet sto der. Salih lovet derimot å legge ut dokumentene på nettet så snart han fikk sin overordnedes godkjennelse.
Omdal var overrasket over at de kurdiske selvstyremyndighetene først nå kommer på banen og gir svar på ting pressen har stilt spørsmål om i en uke.
- Dette burde de ha gått ut med for lenge siden, så man kan grave i hvorfor ikke det ble gjort før.
DNO-aksjonærene har vært igjennom en dramatisk uke og sett milliardverdier forsvinne på børsen. Oslo Børs valgte å suspendere handelen i DNO-aksjen i to dager, før suspensjonen ble opphevet etter børsslutt onsdag kveld.
Omdal sier at man kunne vært spart for mye av dette hvis informasjonen er kommet frem i ettertid hadde vært tilgjengelig når handelen startet opp igjen.
- Hadde aksjene vært suspendert noen dager til, så hadde ikke småaksjonærene tapt så mye, sier han.
Omdal mener den kurdiske presentasjonen viser at de kurdiske selvstyremyndighetene (KRG) har prøvd å hjelpe både tyrkiske Genel og norske DNO.
- Det er tydelig at KRG ønsket å hjelpe DNO. Det var utvilsomt i KRGs interesse å kjøpe aksjene, ellers ville man risikert at anlegget som var under bygging ble stoppet. Spørsmålet er heller hvorfor de gjorde det på denne måten, sier Omdal som også syntes det var interessant at KRG gjentok hvor viktig DNO og Genel er for dem.
Den kurdiske talsmannen fortalte på presentasjonen søndag at DNO og et par andre selskaper står i en særstilling i Irak.
- Vi har 25 internasjonale oljeselskaper i regionen fra 16 ulike land. Blant dem er det de selskapene som kom først til Kurdistan. De var "first movers" og tok stor risiko. Vi hadde ingen grunnlov, men de kom til regionen likevel og ville investere. DNO er et av de selskapene som var tidlig i vårt område. Det hadde stor betydning for oss at de kom og investerte i et usikkert miljø. Det er også de som har drevet mye av den første utviklingen i området. Internasjonalt sett er dette et beundringsverdig resultat, sa Salih på presentasjonen.
Den uttalelsen finner Arctic-analytiker Omdal interessant.
- De gjentar at de første avtalene stiller sterkere. Det er oppsiktsvekkende og et tegn på hvor viktig DNO er for KRG, kommenterer Omdal.
- Never a dull moment med DNO, avsluttet Omdal med et smil.
Espen Bjerke
Publisert: 27.09.2009 - 15:50 Oppdatert: 27.09.2009 - 16:21
- Hvis all dokumentasjon viser at avtalen er designet etter DNO og Genels ønsker, så endrer det veldig mye, sa analytiker Trond Omdal i Arctic Securities til pressen etter å ha sett den kurdiske seniorrådgiveren Khalid Salihs gjennomgang av de kurdiske DNO-handlene.
Salih presenterte en rekke dokumenter i en powerpoint-presentasjon for å dokumentere sin sak, men den hurtige gjennomgangen gjorde det vanskelig for de fremmøtte å få mer ut av dokumentasjonen enn det Salih hevdet sto der. Salih lovet derimot å legge ut dokumentene på nettet så snart han fikk sin overordnedes godkjennelse.
Omdal var overrasket over at de kurdiske selvstyremyndighetene først nå kommer på banen og gir svar på ting pressen har stilt spørsmål om i en uke.
- Dette burde de ha gått ut med for lenge siden, så man kan grave i hvorfor ikke det ble gjort før.
DNO-aksjonærene har vært igjennom en dramatisk uke og sett milliardverdier forsvinne på børsen. Oslo Børs valgte å suspendere handelen i DNO-aksjen i to dager, før suspensjonen ble opphevet etter børsslutt onsdag kveld.
Omdal sier at man kunne vært spart for mye av dette hvis informasjonen er kommet frem i ettertid hadde vært tilgjengelig når handelen startet opp igjen.
- Hadde aksjene vært suspendert noen dager til, så hadde ikke småaksjonærene tapt så mye, sier han.
Omdal mener den kurdiske presentasjonen viser at de kurdiske selvstyremyndighetene (KRG) har prøvd å hjelpe både tyrkiske Genel og norske DNO.
- Det er tydelig at KRG ønsket å hjelpe DNO. Det var utvilsomt i KRGs interesse å kjøpe aksjene, ellers ville man risikert at anlegget som var under bygging ble stoppet. Spørsmålet er heller hvorfor de gjorde det på denne måten, sier Omdal som også syntes det var interessant at KRG gjentok hvor viktig DNO og Genel er for dem.
Den kurdiske talsmannen fortalte på presentasjonen søndag at DNO og et par andre selskaper står i en særstilling i Irak.
- Vi har 25 internasjonale oljeselskaper i regionen fra 16 ulike land. Blant dem er det de selskapene som kom først til Kurdistan. De var "first movers" og tok stor risiko. Vi hadde ingen grunnlov, men de kom til regionen likevel og ville investere. DNO er et av de selskapene som var tidlig i vårt område. Det hadde stor betydning for oss at de kom og investerte i et usikkert miljø. Det er også de som har drevet mye av den første utviklingen i området. Internasjonalt sett er dette et beundringsverdig resultat, sa Salih på presentasjonen.
Den uttalelsen finner Arctic-analytiker Omdal interessant.
- De gjentar at de første avtalene stiller sterkere. Det er oppsiktsvekkende og et tegn på hvor viktig DNO er for KRG, kommenterer Omdal.
- Never a dull moment med DNO, avsluttet Omdal med et smil.
OSLO, Sept 28 (Reuters) - Norwegian oil company DNO International (DNO) said on Monday its Tawke oilfield in Kurdish north Iraq was producing some 6,000-8,000 barrels per day for local clients after a row with Kurdish officials shut exports.
DNO chief executive Helge Eide told a news conference that he "would not speculate" on the chances of Kurdish officials making permanent their six-week suspension of DNO activities in the region following a row over DNO share deals including Kurdish authorities.
DNO chief executive Helge Eide told a news conference that he "would not speculate" on the chances of Kurdish officials making permanent their six-week suspension of DNO activities in the region following a row over DNO share deals including Kurdish authorities.
* DNO says working with Kurdish officials to end suspension
* Says won't speculate on chances of permanent suspension
* Tawke producing 6,000-8,000 barrels/day for local market
* Shares rise 4.7 pct on falling Oslo bourse
(Adds quotes, details, share price)
By Wojciech Moskwa
OSLO, Sept 28 (Reuters) - Norwegian oil company DNO International (DNO) said on Monday it was working on changing its bourse listing after a row with the Oslo Stock Exchange over the release of information, which hurt its business in Iraq.
Iraq's largely autonomous Kurdistan Regional Government (KRG) a week ago suspended DNO's operations in the region for six weeks and said it may kick DNO out for good, after details of a 2008 stock deal between the KRG and DNO were released.
The KRG and DNO both say the Oslo Stock Exchange published confidential information and DNO has said it may sue the bourse.
The Oslo bourse has repeatedly denied any wrongdoing.
"Some years ago we were looking at another listing," DNO Chief Executive Helge Eide told a news conference. "I would think that the past events have accelerated this process."
A senior aide to the Kurdish government told Reuters on Sunday that the KRG would support DNO if it chose to list its shares on another stock exchange. [ID:nLR79697]
Asked if a permanent ejection from Kurdistan was possible, Eide said: "I wont speculate on that, I'm looking for a positive solution to this and I think we should be able do that."
As part of the suspension, KRG handed responsibility for day-to-day running of DNO's prized Kurdish asset, the Tawke oilfield, to minority field partner Genel Energy, a privately-held Turkish company.
TAWKE FIELD
Eide said Tawke was currently producing some 6,000-8,000 barrels per day to sell on the local market. Before the suspension, its output was 50,000 barrels, mostly for export.
DNO's shares tumbled in the wake of the suspension, although the stock clawed back some of the loss on Friday and, so far, on Monday on hopes the company would not be thrown out of Kurdistan.
DNO shares were up 4.7 percent to 4.5 crowns by 0832 GMT, on a falling Oslo bourse .
The KRG seeks talks with the Oslo Stock Exchange about what it sees as the bourse's publication of selective information which painted the Kurdish authorities in a bad light.
The dispute, which the KRG is "hopeful" will be resolved, threatens to taint the regional government's business-friendly image and could deter potential oil investors. [ID:nLP469696]
Some 44 million DNO shares were sold to the KRG in October 2008 and ended up in the hands of Genel Energy, which is in the process of merging with Heritage Oil (HOIL) -- a London-listed oil company active in Kurdistan.
Salih said the KRG bought the DNO shares as a middleman, on behalf of Genel, to help both firms financially at a time when financing was tough and they did not have export permits.
* Says won't speculate on chances of permanent suspension
* Tawke producing 6,000-8,000 barrels/day for local market
* Shares rise 4.7 pct on falling Oslo bourse
(Adds quotes, details, share price)
By Wojciech Moskwa
OSLO, Sept 28 (Reuters) - Norwegian oil company DNO International (DNO) said on Monday it was working on changing its bourse listing after a row with the Oslo Stock Exchange over the release of information, which hurt its business in Iraq.
Iraq's largely autonomous Kurdistan Regional Government (KRG) a week ago suspended DNO's operations in the region for six weeks and said it may kick DNO out for good, after details of a 2008 stock deal between the KRG and DNO were released.
The KRG and DNO both say the Oslo Stock Exchange published confidential information and DNO has said it may sue the bourse.
The Oslo bourse has repeatedly denied any wrongdoing.
"Some years ago we were looking at another listing," DNO Chief Executive Helge Eide told a news conference. "I would think that the past events have accelerated this process."
A senior aide to the Kurdish government told Reuters on Sunday that the KRG would support DNO if it chose to list its shares on another stock exchange. [ID:nLR79697]
Asked if a permanent ejection from Kurdistan was possible, Eide said: "I wont speculate on that, I'm looking for a positive solution to this and I think we should be able do that."
As part of the suspension, KRG handed responsibility for day-to-day running of DNO's prized Kurdish asset, the Tawke oilfield, to minority field partner Genel Energy, a privately-held Turkish company.
TAWKE FIELD
Eide said Tawke was currently producing some 6,000-8,000 barrels per day to sell on the local market. Before the suspension, its output was 50,000 barrels, mostly for export.
DNO's shares tumbled in the wake of the suspension, although the stock clawed back some of the loss on Friday and, so far, on Monday on hopes the company would not be thrown out of Kurdistan.
DNO shares were up 4.7 percent to 4.5 crowns by 0832 GMT, on a falling Oslo bourse .
The KRG seeks talks with the Oslo Stock Exchange about what it sees as the bourse's publication of selective information which painted the Kurdish authorities in a bad light.
The dispute, which the KRG is "hopeful" will be resolved, threatens to taint the regional government's business-friendly image and could deter potential oil investors. [ID:nLP469696]
Some 44 million DNO shares were sold to the KRG in October 2008 and ended up in the hands of Genel Energy, which is in the process of merging with Heritage Oil (HOIL) -- a London-listed oil company active in Kurdistan.
Salih said the KRG bought the DNO shares as a middleman, on behalf of Genel, to help both firms financially at a time when financing was tough and they did not have export permits.
OSLO, Sept 28 (Reuters) - The Oslo Stock Exchange said it met a representative of the Kurdistan Regional Government (KRG) on Monday to clarify a spat it has with Norwegian oil producer DNO (DNO) over a 2008 share transaction with the KRG.
"We confirm after the meeting that we don't have any issues with the KRG and that the KRG has not, at any time, been the subject of investigations by the exchange," Oslo Stock Exchange Chief Executive Bente Landsnes told Reuters.
"This is a case between DNO, as a listed company on the Oslo bourse, and the exchange," she said. "The meeting was helpful and I feel afterwards it was also very helpful for the KRG."
Iraq's largely autonomous KRG a week ago suspended DNO's operations in the region for six weeks and said it may kick DNO out for good, after details of a 2008 stock deal between the KRG and DNO were released.
The KRG and DNO both say the Oslo Stock Exchange published confidential information and DNO has said it may sue the bourse and seek a listing on another exchange.
"Of course we would not like them to leave us, DNO is a good company here in Norway and... we hope that we can continue to have a good relationship with DNO here at the Oslo stock exchange," she said.
"We confirm after the meeting that we don't have any issues with the KRG and that the KRG has not, at any time, been the subject of investigations by the exchange," Oslo Stock Exchange Chief Executive Bente Landsnes told Reuters.
"This is a case between DNO, as a listed company on the Oslo bourse, and the exchange," she said. "The meeting was helpful and I feel afterwards it was also very helpful for the KRG."
Iraq's largely autonomous KRG a week ago suspended DNO's operations in the region for six weeks and said it may kick DNO out for good, after details of a 2008 stock deal between the KRG and DNO were released.
The KRG and DNO both say the Oslo Stock Exchange published confidential information and DNO has said it may sue the bourse and seek a listing on another exchange.
"Of course we would not like them to leave us, DNO is a good company here in Norway and... we hope that we can continue to have a good relationship with DNO here at the Oslo stock exchange," she said.
23/10 2009 17:13 collersteen 120820 Mere skandale. Stjålet fra JCBN's link i Norges-chatten.
Er Norge en retsstat eller hvordan ser det ud mht. det? Kønt ser det ihvert fald umiddelbart ikke ud.
http://hugin.info/36/R/1349816/325435.pdf
Embedsmænd der "glemmer" og Staten der ikke indleverer al info der haves....
Er Norge en retsstat eller hvordan ser det ud mht. det? Kønt ser det ihvert fald umiddelbart ikke ud.
http://hugin.info/36/R/1349816/325435.pdf
Embedsmænd der "glemmer" og Staten der ikke indleverer al info der haves....
