:
Published: 07:58 02.06.2009 GMT+2 /HUGIN /Source: DNO International ASA /OSE: DNO /ISIN: NO0003921009
DNO International ASA - DNO commences export of crude oil from Tawke
Reference is made to the Stock Exchange Notice released by DNO on 11 May 2009 announcing that Kurdistan Regional Government (KRG) had given formal notice of export of oil from the Tawke field.
DNO has during the past weeks completed all outstanding work and undertaken all necessary preparations and commissioning of the Tawke facilities, and export of crude oil from the Tawke field commenced on 1st June 2009.
Helge Eide says:
"Commencement of export of crude oil from Tawke field represents the most important milestone to KRG and DNO to date and it is a significant occasion for the Kurdistan Region and all of Iraq. This successful achievement is a product of the joint efforts by KRG and DNO, and we appreciate the strong and continued support from KRG during the development and completion of the first stage of the Tawke project. We also wish to thank the North Oil Company for their recent technical assistance and cooperation to connect the Tawke pipeline to the Iraqi-Turkey main export pipeline which now enables the Tawke oil to be transported to the international markets."
The first stage of the Tawke development has been designed to deliver 50,000 bopd and DNO is now for the first time in a position to test the full capacity of the facilities. Fine-tuning and adjustments of the facilities will be undertaken as required during the initial run-in period and the plan is to establish a stable export rate at full capacity as quickly as possible in a safe and prudent manner.
Exported volumes from Tawke will in the future be included in the monthly production reports from the Company.
2 June, 2009
Contact:
Media:
Helge Eide, MD DNO ASA Telephone: +47 23 23 84 80
Ketil Jørgensen, Crux Communication (Norway) Telephone +47 930 36 866
Ben Willey, Buchanan Communications (UK) Telephone: +44 207 466 5000
Investor Relations:
Haakon Sandborg, CFO DNO ASA Telephone: +47 23 23 84 80
Published: 07:58 02.06.2009 GMT+2 /HUGIN /Source: DNO International ASA /OSE: DNO /ISIN: NO0003921009
DNO International ASA - DNO commences export of crude oil from Tawke
Reference is made to the Stock Exchange Notice released by DNO on 11 May 2009 announcing that Kurdistan Regional Government (KRG) had given formal notice of export of oil from the Tawke field.
DNO has during the past weeks completed all outstanding work and undertaken all necessary preparations and commissioning of the Tawke facilities, and export of crude oil from the Tawke field commenced on 1st June 2009.
Helge Eide says:
"Commencement of export of crude oil from Tawke field represents the most important milestone to KRG and DNO to date and it is a significant occasion for the Kurdistan Region and all of Iraq. This successful achievement is a product of the joint efforts by KRG and DNO, and we appreciate the strong and continued support from KRG during the development and completion of the first stage of the Tawke project. We also wish to thank the North Oil Company for their recent technical assistance and cooperation to connect the Tawke pipeline to the Iraqi-Turkey main export pipeline which now enables the Tawke oil to be transported to the international markets."
The first stage of the Tawke development has been designed to deliver 50,000 bopd and DNO is now for the first time in a position to test the full capacity of the facilities. Fine-tuning and adjustments of the facilities will be undertaken as required during the initial run-in period and the plan is to establish a stable export rate at full capacity as quickly as possible in a safe and prudent manner.
Exported volumes from Tawke will in the future be included in the monthly production reports from the Company.
2 June, 2009
Contact:
Media:
Helge Eide, MD DNO ASA Telephone: +47 23 23 84 80
Ketil Jørgensen, Crux Communication (Norway) Telephone +47 930 36 866
Ben Willey, Buchanan Communications (UK) Telephone: +44 207 466 5000
Investor Relations:
Haakon Sandborg, CFO DNO ASA Telephone: +47 23 23 84 80
2/6 2009 15:43 cyber 0
12720 Overrasker ikke mig, synes DNO-kursen længe har set kontrolleret ud, men det er jo kun en hypotese.
2/6 2009 17:50 cyber 012728 Tror egentlig bare, at der er nogen som bytter aktier, kursen helt unormal i ro ovenpå historiske nyheder, kan vel eksplodere når som helst...
2/6 2009 18:32 cyber 012730 Innlegg av: Gjest (02.06.09 15:08 ), lest 426 ganger
Ticker: DNO.
RE^1: DNO - Les og lær hvordan kursen i DNO pleies
Det er ikke rart at DNO ikke følger markedet. Og nå pleies også kursen ved hjelp av fantomaksjer, som byttes mellom shortere.
Ticker: DNO.
RE^1: DNO - Les og lær hvordan kursen i DNO pleies
Det er ikke rart at DNO ikke følger markedet. Og nå pleies også kursen ved hjelp av fantomaksjer, som byttes mellom shortere.
2/6 2009 17:35 cyber 012727 President Talabani: Kurdish oil deals constitutional and legal!
PUKmedia 02-06-2009 12:56:29
Kurdistan region on Monday declared in extraordinary celebration formally begun exporting oil to international markets for the first time.
Workers turned on the pumps at northern Iraq's Taq Taq oil field, sending oil flowing via pipeline to the Turkish port of Ceyhan.
Iraqi president Jalal Talabani attended the historic celebration and addressed a speech, in which he highlighted some important points about the nature of Kurdish oil deals and the Kurdish-Arab deals.
The following is the president’s speech:
I am honored and pleased to be present here in this important historic day. It’s the day of confirming on the Iraqi nation’s will, including Kurdistan people, to invest its national resources in the interests of the whole Iraqi people according to the articles of 111 and 112 of the constitution that was approved by 12 million Iraqis.
I would like to only concentrate on some points, since the fellows who preceded me added us with details.
The first one is that the oil contracts Kurdistan Region Government has signed are in the interests of Iraqi people not just Kurdistan. And the crude oil extracted now from Kurdistan is linked to the pipelines that reach Iraqi oil to Ceyhan to be sold, and the revenues return to the Iraqi budget.
http://pukmedia.com/english/index.php?option=com_content&task=view&id=11353&Itemid=1
PUKmedia 02-06-2009 12:56:29
Kurdistan region on Monday declared in extraordinary celebration formally begun exporting oil to international markets for the first time.
Workers turned on the pumps at northern Iraq's Taq Taq oil field, sending oil flowing via pipeline to the Turkish port of Ceyhan.
Iraqi president Jalal Talabani attended the historic celebration and addressed a speech, in which he highlighted some important points about the nature of Kurdish oil deals and the Kurdish-Arab deals.
The following is the president’s speech:
I am honored and pleased to be present here in this important historic day. It’s the day of confirming on the Iraqi nation’s will, including Kurdistan people, to invest its national resources in the interests of the whole Iraqi people according to the articles of 111 and 112 of the constitution that was approved by 12 million Iraqis.
I would like to only concentrate on some points, since the fellows who preceded me added us with details.
The first one is that the oil contracts Kurdistan Region Government has signed are in the interests of Iraqi people not just Kurdistan. And the crude oil extracted now from Kurdistan is linked to the pipelines that reach Iraqi oil to Ceyhan to be sold, and the revenues return to the Iraqi budget.
http://pukmedia.com/english/index.php?option=com_content&task=view&id=11353&Itemid=1
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR
FOR DISSEMINATION IN THE USA
DNO - CONTEMPLATED SALE OF SHARES
DNO International ASA ("DNO" or the "Company") hereby
announces that it plans to complete a sale of up to
10 million existing/treasury shares on 2 June 2009
(the "Share Sale").
DNO will exercise its right to purchase 16,000,000
million shares under American call option agreements,
at a strike price NOK 2.50 per share. In addition DNO
holds 4 million treasury shares (please refer to the
stock exchange announcement 15 April 2009).
The shares that DNO plans to sell in the contemplated
Share Sale include treasury shares and shares that
DNO is entitled to purchase through American call
options agreements.
The net proceeds from the planned Share Sale of 10
million shares will be used for general corporate
purposes.
The planned Share Sale will include up to 10 million
shares (equal to 1.1 percent of the shares
outstanding) and the price per share will be
determined through a book-building process.
The book-building period for the planned Share Sale
opens today (2 June 2009) at 17:35 CET and closes
today at 18:30 CET (Early close option at 18:00). DNO
may limit or extend the order period at its own
discretion, but no longer than 3 June at 08:30 CET.
ABG Sundal Collier has been retained as financial
advisor and manager of the planned Share Sale.
The shares in the planned Share Sale will be sold to
Norwegian and international institutional and
professional investors with a minimum purchase order
per investor corresponding to the NOK equivalent of
EURO 50.000. The shares to be sold in the planned
Share Sale are already listed on the Oslo Stock
Exchange and are tradeable on Oslo Børs at the time
of delivery to the buyers.
The shares offered in the Share Sale have not been
and will not be registered under the U.S. Securities
Act of 1933, as amended (the "U.S. Securities Act"),
or any state securities law, and will be offered
within the U.S. only to qualified institutional
buyers ("QIB"), as defined in Rule 144A under the
U.S. Securities Act ("Rule 144A"), through an
affiliate of the manager, in reliance upon the
exemption from the registration requirements provided
by section 4(2) of the U.S. Securities Act Rule 144A,
and to certain non-U.S. persons in offshore
transactions in reliance upon Regulation S under the
U.S. Securities Act. This announcement shall not
constitute an offer to sell or the solicitation of an
offer to buy, nor shall there be any sale of shares
in any state in which such offer, solicitation or
sale would be unlawful.
Oslo, 2 June 2009
For further information, please contact:
Media:
Helge Eide, MD DNO ASA
Telephone: +47 23 23 84 80
Ketil Jørgensen, Crux Communication (Norway)
Telephone +47 930 36 866
Ben Willey, Buchanan Communications (UK)
Telephone: +44 207 466 5000
Investor Relations:
Haakon Sandborg, CFO DNO ASA
Telephone: +47 23 23 84 80
www.dno.no
http://www.newsweb.no/index.jsp?messageId=239063
© Reuters Limited.
DKWEB5
DK:DA:ADMIN
FOR DISSEMINATION IN THE USA
DNO - CONTEMPLATED SALE OF SHARES
DNO International ASA ("DNO" or the "Company") hereby
announces that it plans to complete a sale of up to
10 million existing/treasury shares on 2 June 2009
(the "Share Sale").
DNO will exercise its right to purchase 16,000,000
million shares under American call option agreements,
at a strike price NOK 2.50 per share. In addition DNO
holds 4 million treasury shares (please refer to the
stock exchange announcement 15 April 2009).
The shares that DNO plans to sell in the contemplated
Share Sale include treasury shares and shares that
DNO is entitled to purchase through American call
options agreements.
The net proceeds from the planned Share Sale of 10
million shares will be used for general corporate
purposes.
The planned Share Sale will include up to 10 million
shares (equal to 1.1 percent of the shares
outstanding) and the price per share will be
determined through a book-building process.
The book-building period for the planned Share Sale
opens today (2 June 2009) at 17:35 CET and closes
today at 18:30 CET (Early close option at 18:00). DNO
may limit or extend the order period at its own
discretion, but no longer than 3 June at 08:30 CET.
ABG Sundal Collier has been retained as financial
advisor and manager of the planned Share Sale.
The shares in the planned Share Sale will be sold to
Norwegian and international institutional and
professional investors with a minimum purchase order
per investor corresponding to the NOK equivalent of
EURO 50.000. The shares to be sold in the planned
Share Sale are already listed on the Oslo Stock
Exchange and are tradeable on Oslo Børs at the time
of delivery to the buyers.
The shares offered in the Share Sale have not been
and will not be registered under the U.S. Securities
Act of 1933, as amended (the "U.S. Securities Act"),
or any state securities law, and will be offered
within the U.S. only to qualified institutional
buyers ("QIB"), as defined in Rule 144A under the
U.S. Securities Act ("Rule 144A"), through an
affiliate of the manager, in reliance upon the
exemption from the registration requirements provided
by section 4(2) of the U.S. Securities Act Rule 144A,
and to certain non-U.S. persons in offshore
transactions in reliance upon Regulation S under the
U.S. Securities Act. This announcement shall not
constitute an offer to sell or the solicitation of an
offer to buy, nor shall there be any sale of shares
in any state in which such offer, solicitation or
sale would be unlawful.
Oslo, 2 June 2009
For further information, please contact:
Media:
Helge Eide, MD DNO ASA
Telephone: +47 23 23 84 80
Ketil Jørgensen, Crux Communication (Norway)
Telephone +47 930 36 866
Ben Willey, Buchanan Communications (UK)
Telephone: +44 207 466 5000
Investor Relations:
Haakon Sandborg, CFO DNO ASA
Telephone: +47 23 23 84 80
www.dno.no
http://www.newsweb.no/index.jsp?messageId=239063
© Reuters Limited.
DKWEB5
DK:DA:ADMIN
2/6 2009 20:22 cyber 012737 Der var forklaringen på kursmanipulationen.
Innlegg av: Gjest (02.06.09 18:16 ), lest 52 ganger
RE^1: DNO-kursen holdt nede - kun 55 min. bookbuilding
De selger 10 millioner aksjer og løser inn 16 millioner. Netto økning på 6 millioner og med gevinst på salget.
Positivt som faen. Men litt mistenkelig salgspress de siste dagene som tyder på at de som kjøper nå er i ledetog med BGL.
Innlegg av: Gjest (02.06.09 18:16 ), lest 52 ganger
RE^1: DNO-kursen holdt nede - kun 55 min. bookbuilding
De selger 10 millioner aksjer og løser inn 16 millioner. Netto økning på 6 millioner og med gevinst på salget.
Positivt som faen. Men litt mistenkelig salgspress de siste dagene som tyder på at de som kjøper nå er i ledetog med BGL.
2/6 2009 20:34 cyber 012738 Innlegg av: Gjest (02.06.09 17:51 ), lest 120 ganger
RE^1: DNO: 17:15-transaksjonen vil bli undersøkt
Her er forklaringen på 17:15-transaksjonen - de gjorde alt for å holde DNO under 8,30.
02/06-2009 17:31:47: (DNO) CONTEMPLATED SALE OF SHARES
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR
FOR DISSEMINATION IN THE USA
DNO - CONTEMPLATED SALE OF SHARES
DNO International ASA ("DNO" or the "Company") hereby
announces that it plans to complete a sale of up to
10 million existing/treasury shares on 2 June 2009
(the "Share Sale").
DNO will exercise its right to purchase 16,000,000
million shares under American call option agreements,
at a strike price NOK 2.50 per share. In addition DNO
holds 4 million treasury shares (please refer to the
stock exchange announcement 15 April 2009).
The shares that DNO plans to sell in the contemplated
Share Sale include treasury shares and shares that
DNO is entitled to purchase through American call
options agreements.
The net proceeds from the planned Share Sale of 10
million shares will be used for general corporate
purposes.
The planned Share Sale will include up to 10 million
shares (equal to 1.1 percent of the shares
outstanding) and the price per share will be
determined through a book-building process.
The book-building period for the planned Share Sale
opens today (2 June 2009) at 17:35 CET and closes
today at 18:30 CET (Early close option at 18:00). DNO
may limit or extend the order period at its own
discretion, but no longer than 3 June at 08:30 CET.
RE^1: DNO: 17:15-transaksjonen vil bli undersøkt
Her er forklaringen på 17:15-transaksjonen - de gjorde alt for å holde DNO under 8,30.
02/06-2009 17:31:47: (DNO) CONTEMPLATED SALE OF SHARES
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR
FOR DISSEMINATION IN THE USA
DNO - CONTEMPLATED SALE OF SHARES
DNO International ASA ("DNO" or the "Company") hereby
announces that it plans to complete a sale of up to
10 million existing/treasury shares on 2 June 2009
(the "Share Sale").
DNO will exercise its right to purchase 16,000,000
million shares under American call option agreements,
at a strike price NOK 2.50 per share. In addition DNO
holds 4 million treasury shares (please refer to the
stock exchange announcement 15 April 2009).
The shares that DNO plans to sell in the contemplated
Share Sale include treasury shares and shares that
DNO is entitled to purchase through American call
options agreements.
The net proceeds from the planned Share Sale of 10
million shares will be used for general corporate
purposes.
The planned Share Sale will include up to 10 million
shares (equal to 1.1 percent of the shares
outstanding) and the price per share will be
determined through a book-building process.
The book-building period for the planned Share Sale
opens today (2 June 2009) at 17:35 CET and closes
today at 18:30 CET (Early close option at 18:00). DNO
may limit or extend the order period at its own
discretion, but no longer than 3 June at 08:30 CET.
2/6 2009 20:37 cyber 012739 Vennerne får lov at købe de 10 mill aktier - selvfølgelig, kursen er givet fri
2/6 2009 20:59 bojdenboyz 012740 Nettohandel
Megler Volum Verdi
DBL 786 727 6 647 283
NON 601 039 5 223 943
ESO 474 060 3 986 569
AVA 320 880 2 680 775
MSI 310 000 2 578 200
ND 287 391 2 437 946
NIP 162 000 1 357 200
UBS 162 000 1 337 900
SGP 116 000 960 740
SWB 79 000 664 860
CSB 74 486 653 927
DRS 78 416 643 709
DDB 68 196 586 828
DIF 69 310 586 280
SBB 62 000 532 780
CSA 62 000 526 000
NTF 53 150 446 817
HQD 51 086 410 868
PLA 30 000 251 700
ORS 24 000 198 080
SYD 16 000 134 030
CDV 12 000 99 120
TMB 10 000 85 100
NEO 4 000 33 380
PAS 6 000 -16 080
AOI -2 000 -17 560
INT -3 500 -29 925
SO -10 000 -83 460
CA -12 000 -105 300
GSI -27 042 -246 561
FS -48 000 -445 328
NOE -128 000 -1 080 080
SBN -146 850 -1 237 647
FOF -200 000 -1 672 200
DNM -281 800 -2 504 108
MLI -328 000 -2 709 950
ARC -490 549 -4 123 094
SHB -804 000 -6 853 020
ASC -1 438 000 -11 939 720
WHAT A FUCKING SURPRISE....
ASC som er tilrettelegger for handelen presset ned kursen.
Megler Volum Verdi
DBL 786 727 6 647 283
NON 601 039 5 223 943
ESO 474 060 3 986 569
AVA 320 880 2 680 775
MSI 310 000 2 578 200
ND 287 391 2 437 946
NIP 162 000 1 357 200
UBS 162 000 1 337 900
SGP 116 000 960 740
SWB 79 000 664 860
CSB 74 486 653 927
DRS 78 416 643 709
DDB 68 196 586 828
DIF 69 310 586 280
SBB 62 000 532 780
CSA 62 000 526 000
NTF 53 150 446 817
HQD 51 086 410 868
PLA 30 000 251 700
ORS 24 000 198 080
SYD 16 000 134 030
CDV 12 000 99 120
TMB 10 000 85 100
NEO 4 000 33 380
PAS 6 000 -16 080
AOI -2 000 -17 560
INT -3 500 -29 925
SO -10 000 -83 460
CA -12 000 -105 300
GSI -27 042 -246 561
FS -48 000 -445 328
NOE -128 000 -1 080 080
SBN -146 850 -1 237 647
FOF -200 000 -1 672 200
DNM -281 800 -2 504 108
MLI -328 000 -2 709 950
ARC -490 549 -4 123 094
SHB -804 000 -6 853 020
ASC -1 438 000 -11 939 720
WHAT A FUCKING SURPRISE....
ASC som er tilrettelegger for handelen presset ned kursen.
så de har kontrolleret kursen sådan at de kan book builder her til kurs 8,3? Men hvem køber?
3/6 2009 01:05 collersteen 012751 Køberne er vel til en hvis grad noget som ASC bestemmer........
Rygtet må have floreret lidt (om ikke andet så hos ASC) som shorter aktien ned, og derefter venter på at kunne lukke positionen vha. lidt aktier fra bookbuilding. En sådan "stor" post der sælges i bookbuilding sælges jo som regel med lidt rabat....
Fra DNO's side har man vel blot villet vente på at eksporten kom i gang førend man solgte lidt aktier til at finansiere lidt drift og ikke mindst optionsindløsningen.
Rygtet må have floreret lidt (om ikke andet så hos ASC) som shorter aktien ned, og derefter venter på at kunne lukke positionen vha. lidt aktier fra bookbuilding. En sådan "stor" post der sælges i bookbuilding sælges jo som regel med lidt rabat....
Fra DNO's side har man vel blot villet vente på at eksporten kom i gang førend man solgte lidt aktier til at finansiere lidt drift og ikke mindst optionsindløsningen.
3/6 2009 01:17 collersteen 012753 Optionen udløb iøvrigt idag.
http://www.newsweb.no/newsweb/search.do?messageId=234975
DNO further purchased an American call option for 16.000.000 DNO
shares at a strike of NOK 2,50 per share, with an option premium of
NOK 3,6542 per share and expiry date 2 June, 2009.
http://www.newsweb.no/newsweb/search.do?messageId=234975
DNO further purchased an American call option for 16.000.000 DNO
shares at a strike of NOK 2,50 per share, with an option premium of
NOK 3,6542 per share and expiry date 2 June, 2009.
3/6 2009 01:21 collersteen 012754 Og så kan vi så vente til d. 25.juni og se hvad der sker der.
Vælger man endnu engang at forlænge optionen på de 40mio stk aktier eller vælger man denne gang at cashe lidt ind.
http://www.newsweb.no/newsweb/search.do?messageId=235930
On 27 April, 2009, DNO exercised a call option to purchase 40.000.000
DNO shares at a price of NOK 2,00 per share.
DNO simultaneously sold 40.000.000 DNO shares at a price of NOK 5,90
per share.
DNO further purchased an American call option for 40.000.000 DNO
shares at a strike of NOK 2,50 per share, with an option premium of
NOK 3,5518 per share and expiry date 25 June, 2009.
DNO also issued a European put option for 40.000.000 DNO shares at a
strike of NOK 2,50 per share, with an option premium of NOK 0,10 per
share and expiry date 25 June, 2009.
Following this transaction, DNO holds 4.000.000 treasury shares. The
Company holds options for purchase of 56.000.000 DNO shares.
DNO International ASA
28 April, 2009
Vælger man endnu engang at forlænge optionen på de 40mio stk aktier eller vælger man denne gang at cashe lidt ind.
http://www.newsweb.no/newsweb/search.do?messageId=235930
On 27 April, 2009, DNO exercised a call option to purchase 40.000.000
DNO shares at a price of NOK 2,00 per share.
DNO simultaneously sold 40.000.000 DNO shares at a price of NOK 5,90
per share.
DNO further purchased an American call option for 40.000.000 DNO
shares at a strike of NOK 2,50 per share, with an option premium of
NOK 3,5518 per share and expiry date 25 June, 2009.
DNO also issued a European put option for 40.000.000 DNO shares at a
strike of NOK 2,50 per share, with an option premium of NOK 0,10 per
share and expiry date 25 June, 2009.
Following this transaction, DNO holds 4.000.000 treasury shares. The
Company holds options for purchase of 56.000.000 DNO shares.
DNO International ASA
28 April, 2009
er det sådan at forstå at de selv bedriver spekulation med egne optioner???
3/6 2009 01:32 collersteen 012756 Tjah, det er vel blot en lidt mere avanceret form for handel med egne aktier. Forwards og store OTC-optioner er i det hele taget ret udbredte i Norge - jeg har aldrig fundet præcist ud af hvorfor, men jeg vil gætte på at der kan ligge nogle skatteovervejelser bag... Bortset fra argumentet om at det er en "cowboy-børs".
De fleste gange bliver positionerne blot rullet, men altså ikke denne gang.
De fleste gange bliver positionerne blot rullet, men altså ikke denne gang.
3/6 2009 02:13 perle 012757 DNO har 2 obligations lån som forfaldt 01-06-09
(ISIN NO0010226574) DNO03 NOK 25.5 mil NIBOR + 3.5% 9.85%
(ISIN NO0010226582) DNO04 NOK 29.0 mil Fixed 7.9%
Tror dette er for forklaringen forklaringen på indløsningen af call opt i dag.
(ISIN NO0010226574) DNO03 NOK 25.5 mil NIBOR + 3.5% 9.85%
(ISIN NO0010226582) DNO04 NOK 29.0 mil Fixed 7.9%
Tror dette er for forklaringen forklaringen på indløsningen af call opt i dag.
3/6 2009 09:22 collersteen 012766 Hej Perle.
Helt klart en meget plausibel forklaring og nok den mest åbenlyse.
Tak for den henvisning.
Helt klart en meget plausibel forklaring og nok den mest åbenlyse.
Tak for den henvisning.
3/6 2009 11:08 perle 012774 DNO International ASA - Sale of shares successfully completed
Tekst NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION
IN THE USA
Reference is made to the stock exchange announcement on 2 June 2009.
DNO International ASA ("DNO") has on 2 June 2009 completed a sale of
10,000,000 shares at a price of NOK 8.0 per share.
The price was determined through a bookbuilding process, and the
share-sale was substantially over-subscribed.
The net proceeds from the share-sale will be used for general
corporate purposes.
The shares sold are already listed on the Oslo Stock Exchange and are
tradeable on Oslo Stock Exchange at the time of delivery to the
buyers.
ABG Sundal Collier acted as manager in the transaction.
http://www.newsweb.no/newsweb/search.do?messageId=239085
Tekst NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION
IN THE USA
Reference is made to the stock exchange announcement on 2 June 2009.
DNO International ASA ("DNO") has on 2 June 2009 completed a sale of
10,000,000 shares at a price of NOK 8.0 per share.
The price was determined through a bookbuilding process, and the
share-sale was substantially over-subscribed.
The net proceeds from the share-sale will be used for general
corporate purposes.
The shares sold are already listed on the Oslo Stock Exchange and are
tradeable on Oslo Stock Exchange at the time of delivery to the
buyers.
ABG Sundal Collier acted as manager in the transaction.
http://www.newsweb.no/newsweb/search.do?messageId=239085
2/6 2009 23:42 cyber 012748 Norsk version:
Tor Øyvind Andersen
Publisert: 02.06.09 18:49, Oppdatert: 02.06.09 18:56
Oljeselskapet DNO International (DNO) planlegger å selge 10 millioner egne aksjer, opplyser det i en melding.
Kursen vil bli fastsatt i en bookbuilding, og basert på dagens kurs vil det kunne gi 83 millioner kroner inn.
DNO sitter imidlertid kun på 4 millioner egne aksjer per i dag, men kjøper 16 millioner aksjer ved å utøve en kjøpsopsjon. Disse opsjonene har en utløsningskurs på 2,5 kroner per aksje. Dermed vil DNO i realiteten kunne bli tilført drøyt 40 millioner kroner.
Pengene skal brukes til generelle formål, heter det i meldingen. Aksjene selges til norske og internasjonale investorer, og minste sum man kan tegne seg for er 50.000 euro.
Det er ABG Sundal Collier som er rådgiver for DNO.
10 millioner aksjer utgjør 1,1 prosent av de utestående aksjene i selskapet.
Eskport i gang
Mandag fikk DNO endelig i gang sin eksport av olje fra Irak. Denne eksporten er svært viktig for DNOs fremtid
http://e24.no/boers-og-finans/article3102797.ece
Tor Øyvind Andersen
Publisert: 02.06.09 18:49, Oppdatert: 02.06.09 18:56
Oljeselskapet DNO International (DNO) planlegger å selge 10 millioner egne aksjer, opplyser det i en melding.
Kursen vil bli fastsatt i en bookbuilding, og basert på dagens kurs vil det kunne gi 83 millioner kroner inn.
DNO sitter imidlertid kun på 4 millioner egne aksjer per i dag, men kjøper 16 millioner aksjer ved å utøve en kjøpsopsjon. Disse opsjonene har en utløsningskurs på 2,5 kroner per aksje. Dermed vil DNO i realiteten kunne bli tilført drøyt 40 millioner kroner.
Pengene skal brukes til generelle formål, heter det i meldingen. Aksjene selges til norske og internasjonale investorer, og minste sum man kan tegne seg for er 50.000 euro.
Det er ABG Sundal Collier som er rådgiver for DNO.
10 millioner aksjer utgjør 1,1 prosent av de utestående aksjene i selskapet.
Eskport i gang
Mandag fikk DNO endelig i gang sin eksport av olje fra Irak. Denne eksporten er svært viktig for DNOs fremtid
http://e24.no/boers-og-finans/article3102797.ece
3/6 2009 02:36 perle 012759 The Long-Term Implications of Iraqi Kurdish Oil Exports
Tuesday, Jun 02 2009, 3:08PM
More than six years after the United States invaded Iraq, Iraqi Kurds finally exported oil to Turkey for the first time yesterday.
The oil exports indicate two important developments.
First, Ankara has made a strategic decision to engage the Kurdish Regional Government (KRG) in Erbil, Iraq. It appears that at least for now the commercial opportunities for trade, investment, and energy supplies outweigh Ankara's concerns that an independent KRG might encourage Turkey's own restive Kurdish population to seek greater autonomy. (For more on relations between Ankara and Erbil, the Kurdish Globe published a very informative interview with Atlantic Council Senior Fellow David Phillips earlier this week.)
Second, the precipitous drop in the price of oil over the past year has forced Baghdad's hand. Baghdad did not want to allow the exports, but needs the revenue to prevent further budget cuts. Baghdad will receive 88% of the revenues, with 12% going to foreign investors. Baghdad will then send 17% back to the KRG.
If Baghdad is going to enjoy most of the revenues, why does the decision to allow the exports represent a concession?
The answer is that the KRG is slowly building a case for increased autonomy and perhaps eventual independence. The exports increase the KRG's value to Turkey, a country with large and growing energy needs. Furthermore, Iraqi Kurdish oil could potentially flow beyond Turkey into Europe, building a constituency for the KRG further to the west.
The other piece of this is that the act of owning, managing, and selling natural resources is a core state function according to international law.
The International Crisis Group, in its excellent 2008 report, Oil For Soil: Toward A Grand Bargain on Iraq and the Kurds, quotes an energy expert who explains that
The Kurds care about owning and managing the oil industry more than about revenue sharing because they want to establish sovereignty and build up a record over time of examples in which the KRG has exercised effective sovereignty and use this as a basis for a claim of independence under international law.
It will also be interesting to follow whether Iraqi natural gas flowing through the proposed Nabucco pipeline could eventually offer Europe an alternative to Russian gas.
More on that later.
-- Ben Katcher
http://www.thewashingtonnote.com/archives/2009/06/the_possible_lo/
Tuesday, Jun 02 2009, 3:08PM
More than six years after the United States invaded Iraq, Iraqi Kurds finally exported oil to Turkey for the first time yesterday.
The oil exports indicate two important developments.
First, Ankara has made a strategic decision to engage the Kurdish Regional Government (KRG) in Erbil, Iraq. It appears that at least for now the commercial opportunities for trade, investment, and energy supplies outweigh Ankara's concerns that an independent KRG might encourage Turkey's own restive Kurdish population to seek greater autonomy. (For more on relations between Ankara and Erbil, the Kurdish Globe published a very informative interview with Atlantic Council Senior Fellow David Phillips earlier this week.)
Second, the precipitous drop in the price of oil over the past year has forced Baghdad's hand. Baghdad did not want to allow the exports, but needs the revenue to prevent further budget cuts. Baghdad will receive 88% of the revenues, with 12% going to foreign investors. Baghdad will then send 17% back to the KRG.
If Baghdad is going to enjoy most of the revenues, why does the decision to allow the exports represent a concession?
The answer is that the KRG is slowly building a case for increased autonomy and perhaps eventual independence. The exports increase the KRG's value to Turkey, a country with large and growing energy needs. Furthermore, Iraqi Kurdish oil could potentially flow beyond Turkey into Europe, building a constituency for the KRG further to the west.
The other piece of this is that the act of owning, managing, and selling natural resources is a core state function according to international law.
The International Crisis Group, in its excellent 2008 report, Oil For Soil: Toward A Grand Bargain on Iraq and the Kurds, quotes an energy expert who explains that
The Kurds care about owning and managing the oil industry more than about revenue sharing because they want to establish sovereignty and build up a record over time of examples in which the KRG has exercised effective sovereignty and use this as a basis for a claim of independence under international law.
It will also be interesting to follow whether Iraqi natural gas flowing through the proposed Nabucco pipeline could eventually offer Europe an alternative to Russian gas.
More on that later.
-- Ben Katcher
http://www.thewashingtonnote.com/archives/2009/06/the_possible_lo/
3/6 2009 10:39 fcras 012771 Published: 08:34 03.06.2009 GMT+2 /HUGIN /Source: DNO International ASA /OSE: DNO /ISIN: NO0003921009
DNO International ASA - Sale of shares successfully completed
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE USA
Reference is made to the stock exchange announcement on 2 June 2009. DNO International ASA ("DNO") has on 2 June 2009 completed a sale of 10,000,000 shares at a price of NOK 8.0 per share.
The price was determined through a bookbuilding process, and the share-sale was substantially over-subscribed.
The net proceeds from the share-sale will be used for general corporate purposes.
The shares sold are already listed on the Oslo Stock Exchange and are tradeable on Oslo Stock Exchange at the time of delivery to the buyers.
ABG Sundal Collier acted as manager in the transaction.
The shares offered in the share-sale have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities law, and will be offered within the U.S. only to qualified institutional buyers ("QIB"), as defined in Rule 144A under the U.S. Securities Act ("Rule 144A"), through an affiliate of the manager, in reliance upon the exemption from the registration requirements provided by section 4(2) of the U.S. Securities Act Rule 144A, and to certain non-U.S. persons in offshore transactions in reliance upon Regulation S under the U.S. Securities Act. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of shares in any state in which such offer, solicitation or sale would be unlawful.
DNO International ASA
3 June, 2009
DNO International ASA - Sale of shares successfully completed
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE USA
Reference is made to the stock exchange announcement on 2 June 2009. DNO International ASA ("DNO") has on 2 June 2009 completed a sale of 10,000,000 shares at a price of NOK 8.0 per share.
The price was determined through a bookbuilding process, and the share-sale was substantially over-subscribed.
The net proceeds from the share-sale will be used for general corporate purposes.
The shares sold are already listed on the Oslo Stock Exchange and are tradeable on Oslo Stock Exchange at the time of delivery to the buyers.
ABG Sundal Collier acted as manager in the transaction.
The shares offered in the share-sale have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities law, and will be offered within the U.S. only to qualified institutional buyers ("QIB"), as defined in Rule 144A under the U.S. Securities Act ("Rule 144A"), through an affiliate of the manager, in reliance upon the exemption from the registration requirements provided by section 4(2) of the U.S. Securities Act Rule 144A, and to certain non-U.S. persons in offshore transactions in reliance upon Regulation S under the U.S. Securities Act. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of shares in any state in which such offer, solicitation or sale would be unlawful.
DNO International ASA
3 June, 2009
3/6 2009 10:54 collersteen 012772 "substantially over-subscribed".... og så ender det alligevel kun med kurs 8. hmm.
3/6 2009 10:58 bojdenboyz 012773 Det kan vel heller ikke være den mest lukrative måde at få solgt 10 mio aktier på ved at skal sælge dem alle i løbet af en time?
Nogen af de ting der sker i DNO har jeg aldrig oplevet før... men det er også min første Norske aktie
Nogen af de ting der sker i DNO har jeg aldrig oplevet før... men det er også min første Norske aktie
Hej Boyden, desværre prøvede vi også i Genmab book building magien da medarex solgte 5% af sine aktier fra og tordnede genmab fra 360 ned i 310.
Jeg tror at det er smart af dno at eksekvere sine optioner med stort overskud.....men det lagde da ellers lige en dæmper på vores berettiget forventning om nogle gode stigninger.
Jeg tror at det er smart af dno at eksekvere sine optioner med stort overskud.....men det lagde da ellers lige en dæmper på vores berettiget forventning om nogle gode stigninger.
3/6 2009 18:00 cyber 012794 Ja, kursen ser stadig styret ud, men vi venter bare, og imens:
Kurdistan goes glug glug
Kurdistan goes glug glug
