Published: 07:30 CEST 17-08-2011 /Thomson Reuters /Source: DNO International ASA /XOSL: DNO /ISIN: NO0003921009
DNO in Q2 2011: A record breaking operational performance
DNO International showed strong performance in the second quarter of 2011 with a working interest production of 48,582 barrels of oil per day (bopd), doubling of the reserves at the Tawke field and good financial performance.
Sales recognized in the second quarter this year increased to NOK 732 million, up from NOK 284.7 million in the same quarter 2010. EBITDA was NOK 564.9 million in this quarter, up from NOK 171.2 million in the second quarter last year.
"DNO International achieved strong results so far this year. The excellent reservoir quality of the Tawke field in the Kurdistan Region of Iraq has been proved through stable high production in the first half of 2011. I am also very satisfied with our Yemen team that has maintained our planned production level and good cash flow despite the difficult situation in the country", says Managing Director Helge Eide.
"The reported cash position of NOK 1.25 billion at the end of the second quarter and the additional NOK 521 million in proceeds from the today announced sale of shares in Det norske oljeselskap ASA provides a rock solid financial platform for further development and growth of DNO International", says Eide.
See the attached full press release and Q2 presentation material for more information.
Oslo, 17 August 2011
DNO International ASA
Corporate Communications
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)
DNO Q2 2011 Press release
http://hugin.info/36/R/1538875/470088.pdf
DNO Q2 2011 Webcast presentation
http://hugin.info/36/R/1538875/470086.pdf
DNO Q2 2011 Quarterly report
http://hugin.info/36/R/1538875/470087.pdf
DNO website
http://dno.no/
Jeg må have flere DNO men hvor er den dog speget både kursmæssig, samarbejdsmæssig og ledelsesmæssigt. Boom pludseligt har firmaet over en milliard i cash!
17/8 2011 13:07 collersteen 0
45243 1,78 USD per tønde i lifting cost i Kurdistan er jo groteskt....
Blev der sagt noget konkret om tilbagekøbet og/eller spurgt ind til det på Q&A idag ifm. webcastet?
Blev der sagt noget konkret om tilbagekøbet og/eller spurgt ind til det på Q&A idag ifm. webcastet?
19/8 2011 08:02 collersteen 045336 Så er de igang:
19/08/2011 08:00:00 - TR ONE, Norway
DNO : Mandatory Notification of Trade
DNO International ASA (DNO) has on 18 August 2011 bought 3,000,000 own shares at
a price of NOK 5.4572 per share. Following this transaction, DNO holds
3,000,000 own shares.
The transaction is part of the share buy back program announced on 10 August
this year.
Oslo, 19 August 2011
DNO International ASA
Corporate Communications
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: DNO International ASA via Thomson Reuters ONE
[HUG#1539453]
19/08/2011 08:00:00 - TR ONE, Norway
DNO : Mandatory Notification of Trade
DNO International ASA (DNO) has on 18 August 2011 bought 3,000,000 own shares at
a price of NOK 5.4572 per share. Following this transaction, DNO holds
3,000,000 own shares.
The transaction is part of the share buy back program announced on 10 August
this year.
Oslo, 19 August 2011
DNO International ASA
Corporate Communications
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: DNO International ASA via Thomson Reuters ONE
[HUG#1539453]
Coller, har de offentliggjort hvor mange de vil købe?
19/8 2011 08:54 collersteen 045339 Jeg har ikke set noget - måske de har sagt noget på webcastet, men det har jeg ikke fået set endnu. Det eneste indtil videre er dette fra den første melding:
10/08/2011 09:08:07 - Oslo SE, News
DNO: Share buyback announced
DNO International ASA's Board of Directors today announced a share buyback
program following release of preliminary second quarter 2011 results. The timing
and volume of the share purchases will depend on market conditions.
"Given the ongoing sell-off and sharp declines in global securities, we have
decided to invest available cash to capitalise on the undervaluation of the
Company's share price," said DNO Chairman Bijan Mossavar-Rahmani.
10/08/2011 09:08:07 - Oslo SE, News
DNO: Share buyback announced
DNO International ASA's Board of Directors today announced a share buyback
program following release of preliminary second quarter 2011 results. The timing
and volume of the share purchases will depend on market conditions.
"Given the ongoing sell-off and sharp declines in global securities, we have
decided to invest available cash to capitalise on the undervaluation of the
Company's share price," said DNO Chairman Bijan Mossavar-Rahmani.
Svar fra DNO om Aktie tilbagekøb
Mail sendt til DNO:
From: fcras
Sent: 19. august 2011 12:25
To: DNO
Subject: tilbakekjøp av aksjer
DNO annonserte i en pressemelding i dag at ha kjøpt tilbake 3.000.000 egne aksjer
- klipp av tidligere pressemelding av 10.08.11:
"Gitt den pågående nedsalg og skarp nedgang i den globale verdipapirer, har vi besluttet å investere tilgjengelige kontanter til å kapitalisere på den undervurdert av selskapetsaksjekurs," sier DNO styreformann Bijan Mossavar-Rahmani".
I denne sammenheng og som aksjonær ønsker jeg å høre om det kunne bli gitt informasjon om hvor mange aksjer DNO har planer om å kjøpe tilbake i forbindelse med den annonserte tilbake kjøp.
Mvh.fcras
--------------------------------
Svar fra DNO/ Tom Bratlie
13:10 fredag den 19. august 2011
Hei fcras
Vi ønsker ikke å annonsere noe om dette før handelene faktisk er skjedd, slik vi gjorde i dag.
Hilsen
Tom
"
Mail sendt til DNO:
From: fcras
Sent: 19. august 2011 12:25
To: DNO
Subject: tilbakekjøp av aksjer
DNO annonserte i en pressemelding i dag at ha kjøpt tilbake 3.000.000 egne aksjer
- klipp av tidligere pressemelding av 10.08.11:
"Gitt den pågående nedsalg og skarp nedgang i den globale verdipapirer, har vi besluttet å investere tilgjengelige kontanter til å kapitalisere på den undervurdert av selskapetsaksjekurs," sier DNO styreformann Bijan Mossavar-Rahmani".
I denne sammenheng og som aksjonær ønsker jeg å høre om det kunne bli gitt informasjon om hvor mange aksjer DNO har planer om å kjøpe tilbake i forbindelse med den annonserte tilbake kjøp.
Mvh.fcras
--------------------------------
Svar fra DNO/ Tom Bratlie
13:10 fredag den 19. august 2011
Hei fcras
Vi ønsker ikke å annonsere noe om dette før handelene faktisk er skjedd, slik vi gjorde i dag.
Hilsen
Tom
"
Fedt arbejde FCRAS! Tak. Jeg tror de køber en del idag også.
19/8 2011 14:22 collersteen 045355 Takker - så blev vi det klogere. Og så alligevel ikke... men mon ikke de har et par 100mio at gøre godt med i bedste fald.
