DNO International ASA - June & second quarter 2009 Production Report
24.07.2009
("DNO" or "the Company")
DNO is pleased to report oil production for June and second quarter 2009. Export of crude oil from the Tawke field commenced 1 June 2009 and DNO's working interest production increased to 28,226 bopd in June and to 16,815 bopd in second quarter 2009.
More here:
http://www.dno.no/Press--Media/Press-Releases/3273/DNO-International-ASA---June--second-quarter-2009-Production-Report/
Den vigtige del er NetEntitlement, altså DNO´s del. Den er en del større end ventet og hvis det er fratrukket ALT og simpelt hen af deres del af eksporten, så taler vi om gode tal.
Citat:
DNO has been advised by KRG that a payment mechanism for exported crude oil from Tawke will be in place soon. Until this is determined DNO will include its estimated share of revenues from such exports in the Company's financial statements on net entitlement basis, applying estimates for achieved oil prices, net of applicable discounts. The 2009 second quarter financial results will include such estimated revenues for the month of June.
Netentitlement på 22K brutto tønder er 13K, dvs. at NE kan være så højt som 30K ved 50K brutto tønder. Ved en pris på 60 dollar per tønder vil det give 1,8 millioner dollar om dagen i 365 dage. Dvs ca 700 millioner dollar om året. + de andre sites.....
Det ser af udtalelsen ud til at betalingen kommer snart og at DNO vil komme med deres beregninger i august ved Q2 regnskabet. Det bliver lidt af en øjenåbner.
Citat:
DNO has been advised by KRG that a payment mechanism for exported crude oil from Tawke will be in place soon. Until this is determined DNO will include its estimated share of revenues from such exports in the Company's financial statements on net entitlement basis, applying estimates for achieved oil prices, net of applicable discounts. The 2009 second quarter financial results will include such estimated revenues for the month of June.
Netentitlement på 22K brutto tønder er 13K, dvs. at NE kan være så højt som 30K ved 50K brutto tønder. Ved en pris på 60 dollar per tønder vil det give 1,8 millioner dollar om dagen i 365 dage. Dvs ca 700 millioner dollar om året. + de andre sites.....
Det ser af udtalelsen ud til at betalingen kommer snart og at DNO vil komme med deres beregninger i august ved Q2 regnskabet. Det bliver lidt af en øjenåbner.
24/7 2009 12:37 JCBN 0
15702 * Says production from Tawke to continue to rise
* Tawke production July to date around 40,000 bopd
* DNO says Yemen production in June 5,544 bopd
(Adds further details, comments)
OSLO, July 24 (Reuters) - Norwegian oil firm DNO
International said on Friday its net entitlement
production from the Tawke oilfield in the Kurdish region of Iraq
in June was running at 13,723 barrels of oil per day with output
continuing to rise this month.
Exports from the Tawke field, which are being developed by
DNO, started on June 1 this year after Iraq's central government
gave the go-ahead for Kurdish oil to be exported through a
national pipeline.
Production in the first quarter averaged 1,908 bopd and
5,965 bopd in the second quarter.
"The Tawke production and export has continued to increase
in line with the plan agreed with the KRG Kurdistan Regional
Government) and North Oil Company (NOC)," DNO said in a
statement.
"The plan is to establish an export rate at full capacity as
quickly as possible ... and it is expected that the Tawke
production and export will continue to increase during the
coming weeks," DNO said.
It said so far in July gross production from Tawke has been
running at about 40,000 bopd, of which around 32,000 bopd have
been delivered for export.
DNO said gross production from Tawke in June was 22,840 bopd
and that the gross export volume was 17,914 bopd.
"DNO has been advised by KRG that a payment mechanism for
exported crude oil from Tawke will be in place soon," DNO said.
Meanwhile DNO said its net entitlement oil production in
Yemen averaged 5,544 bopd of oil in June and production so far
this year continues "to be in line with management
expectations."
DNO said the average realised oil price in the second
quarter was $59 a barrel.
(Reporting by Aasa Christine Stoltz; Editing by Greg Mahlich)
((aasachristine.stoltz@reuters.com; +47 22 93 69 02; Reuters
messaging: rm://aasachristine.stoltz.reuters.com@reuters.net))
Keywords: DNO PRODUCTION/
* Tawke production July to date around 40,000 bopd
* DNO says Yemen production in June 5,544 bopd
(Adds further details, comments)
OSLO, July 24 (Reuters) - Norwegian oil firm DNO
International
production from the Tawke oilfield in the Kurdish region of Iraq
in June was running at 13,723 barrels of oil per day with output
continuing to rise this month.
Exports from the Tawke field, which are being developed by
DNO, started on June 1 this year after Iraq's central government
gave the go-ahead for Kurdish oil to be exported through a
national pipeline.
Production in the first quarter averaged 1,908 bopd and
5,965 bopd in the second quarter.
"The Tawke production and export has continued to increase
in line with the plan agreed with the KRG Kurdistan Regional
Government) and North Oil Company (NOC)," DNO said in a
statement.
"The plan is to establish an export rate at full capacity as
quickly as possible ... and it is expected that the Tawke
production and export will continue to increase during the
coming weeks," DNO said.
It said so far in July gross production from Tawke has been
running at about 40,000 bopd, of which around 32,000 bopd have
been delivered for export.
DNO said gross production from Tawke in June was 22,840 bopd
and that the gross export volume was 17,914 bopd.
"DNO has been advised by KRG that a payment mechanism for
exported crude oil from Tawke will be in place soon," DNO said.
Meanwhile DNO said its net entitlement oil production in
Yemen averaged 5,544 bopd of oil in June and production so far
this year continues "to be in line with management
expectations."
DNO said the average realised oil price in the second
quarter was $59 a barrel.
(Reporting by Aasa Christine Stoltz; Editing by Greg Mahlich)
((aasachristine.stoltz@reuters.com; +47 22 93 69 02; Reuters
messaging: rm://aasachristine.stoltz.reuters.com@reuters.net))
Keywords: DNO PRODUCTION/
24/7 2009 14:49 fcras 015709 THE KURDISTAN REGION
http://www.krg.org/uploads/documents/invest_in_kurdistan_2009.pdf
