DNO expects Iraq oil export deal in Q2 14:21, 10.mar.2009
DNO expects Iraq oil export deal in Q2
Published: 14:21, 10.mar.2009
LONDON, March 10 (Reuters) - DNO International expects Iraq's government and the Kurdish regional leadership to agree a deal that would allow DNO to export crude oil from its Kurdish fields in the coming months, Chief Executive Helge Eide said on Tuesday.
"It would be very difficult to see it dragging on beyond the second quarter," Eide told Reuters in an interview.
The Norwegian oil exploration company discovered large volumes of oil in the Kurdish region but faces the prospect of not being able to bring the crude to market.
Eide also said that he expected the new board of Norwegian North Sea-focused oil company Det norske oljeselskap
, in which DNO has stake of around 25 percent, to come up with a new strategy in the coming months.
If Detnor does not come up with a convincing strategy for expanding through the acquisition of fields DNO may sell its stake.
DNO expects Iraq oil export deal in Q2
Published: 14:21, 10.mar.2009
LONDON, March 10 (Reuters) - DNO International
"It would be very difficult to see it dragging on beyond the second quarter," Eide told Reuters in an interview.
The Norwegian oil exploration company discovered large volumes of oil in the Kurdish region but faces the prospect of not being able to bring the crude to market.
Eide also said that he expected the new board of Norwegian North Sea-focused oil company Det norske oljeselskap
If Detnor does not come up with a convincing strategy for expanding through the acquisition of fields DNO may sell its stake.
Handlen er stoppet. Hvis det er rigtige meldingen så kan gloomy tuesday ende rimeligt godt.
DNO rett opp på Irak-nytt - børsen stopper handelen
DNO-aksjen stiger kraftig på Irak-nyheter og signaler om oppkjøp. Børsen stopper handelen.
Artikkel av: Øystein Byberg (HegnarOnline - 10.3.09 14:10)
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Se aksjeticker
DNO
DNO-sjef Helge Eide sier ifølge Reuters at selskapet venter tillatelse fra Bagdad når det gjelder eksport av kurdisk olje fra andre kvartal.
Videre opplyser selskapet at det venter å foreta oppkjøp etter starten av eksporten fra Irak. Det kan bli aktuelt å kjøpe eiendeler i Midt-Østen og Øst-Afrika, melder selskapet ifølge nyhetsbyrået.
DNO ønsker dessuten at Det norske oljeselskapet skal lede an når det gjelder konsolideringen i de norske delen av Nordsjøen.
DNO-aksjen stiger 7,3 prosent til 4,70 kroner.
Det er innført børspause i aksjen. Børsen undersøker om det foreligger ulik informasjon i markedet.
Saken blir oppdatert.
DNO rett opp på Irak-nytt - børsen stopper handelen
DNO-aksjen stiger kraftig på Irak-nyheter og signaler om oppkjøp. Børsen stopper handelen.
Artikkel av: Øystein Byberg (HegnarOnline - 10.3.09 14:10)
Tips en venn Skriv ut
Se aksjeticker
DNO
DNO-sjef Helge Eide sier ifølge Reuters at selskapet venter tillatelse fra Bagdad når det gjelder eksport av kurdisk olje fra andre kvartal.
Videre opplyser selskapet at det venter å foreta oppkjøp etter starten av eksporten fra Irak. Det kan bli aktuelt å kjøpe eiendeler i Midt-Østen og Øst-Afrika, melder selskapet ifølge nyhetsbyrået.
DNO ønsker dessuten at Det norske oljeselskapet skal lede an når det gjelder konsolideringen i de norske delen av Nordsjøen.
DNO-aksjen stiger 7,3 prosent til 4,70 kroner.
Det er innført børspause i aksjen. Børsen undersøker om det foreligger ulik informasjon i markedet.
Saken blir oppdatert.
10/3 2009 17:22 collersteen 0
4145 3/10/2009 14:15:37 - Oslo SE, News
DNO: OSLO BØRS - MATCHING HALT
http://www.newsweb.no/index.jsp?messageId=230652
Oslo Børs is investigating whether some participants
have access to different information in relation to
evaluating the value of the company's shares.
Før eller siden må olien begynde at strømme ud af Irak..... som med så mange aktier kan man kun sige at "der ikke går så lang tid som der har gået"... deadlines har desværre været noget man på ingen måde har overholdt på de fleste af aktierne i min portefølje... og det gør nas.
DNO: OSLO BØRS - MATCHING HALT
http://www.newsweb.no/index.jsp?messageId=230652
Oslo Børs is investigating whether some participants
have access to different information in relation to
evaluating the value of the company's shares.
Før eller siden må olien begynde at strømme ud af Irak..... som med så mange aktier kan man kun sige at "der ikke går så lang tid som der har gået"... deadlines har desværre været noget man på ingen måde har overholdt på de fleste af aktierne i min portefølje... og det gør nas.
Jeg har DNO købt som daytrde i december 
Har dem stadig. Men det her kunne godt være signalet til et rally i dem. Hvis den case går igennem med eksport fra Kurdistan, så bliver den aktier rimeligt mange penge værd
Har dem stadig. Men det her kunne godt være signalet til et rally i dem. Hvis den case går igennem med eksport fra Kurdistan, så bliver den aktier rimeligt mange penge værd Har vi ingen DNO folk herinde??
RE^1: DNO - Eide ber om børspause når dette meldes til Reuters..
Melding til Reuters:
* DNO sees Kurdish crude export deal in coming months
* Rights would boost income, allow buys in Middle East
* May decide whether to sell 25 pct stake in Det norske
* Shares suspended after 7 pct rise (Adds share reaction, detail)
By Tom Bergin
LONDON, March 10 (Reuters) - DNO International (DNO.OL) said it expects Iraq's government and the Kurdish regional leadership to agree a deal that would allow DNO to export crude from its Kurdish fields in the coming months, sending DNO's shares soaring.
"It would be very difficult to see it dragging on beyond the second quarter," Chief Executive Helge Eide told Reuters in an interview on Tuesday.
DNO shares were suspended after the interview following a 7 percent rise in its shares to 4.70 crowns.
The Norwegian oil exploration company discovered large oil volumes of oil in the Kurdish region but faced the prospect of not being able to bring the crude to market because of the failure of Baghdad and the Kurds to agree a new oil law.
However, Eide is optimistic that permission to export the Kurdish crude will be granted in the near future. Physical exports could begin soon after because DNO has almost completed a tie-up to an export pipeline to Turkey.
"We are basically there technically," he said.
The Kurdish regional government is handling the negotiations with the Baghdad government, Eide said.
DNO had hoped to receive permission to export its Kurdish crude last year and Eide accepted DNO was "maybe a bit too optimistic" in the past.
The right to export would allow DNO lift its production significantly and fill the company's coffers. Eide said he aims to use the proceeds to make acquisitions in the Middle East and East Africa.
Also in the coming months, DNO may decide on whether to maintain or sell its 25 percent stake in Norwegian North Sea-focussed oil company Det norske oljeselskap (DETNOR.OL).
Detnor's new board is working on a new strategy plan.
"That company should take a lead in the consolidation process in Norway ... we'd like to see a clear roadmap from the board," Eide said.
DNO has also hired advisors to investigate other possibilities, including a sale of its Detnor stake, if DNO is unconvinced by Detnor's new plan.
Eide criticised Detnor for becoming overly focussed on the development of the Froy field, which it co-owns with Britain's Premier Oil (PMO.L), in the past. Eide said Froy was now on hold. (Additional reporting by John Acher in Oslo; Editing by Rupert Winchester)
RE^1: DNO - Eide ber om børspause når dette meldes til Reuters..
Melding til Reuters:
* DNO sees Kurdish crude export deal in coming months
* Rights would boost income, allow buys in Middle East
* May decide whether to sell 25 pct stake in Det norske
* Shares suspended after 7 pct rise (Adds share reaction, detail)
By Tom Bergin
LONDON, March 10 (Reuters) - DNO International (DNO.OL) said it expects Iraq's government and the Kurdish regional leadership to agree a deal that would allow DNO to export crude from its Kurdish fields in the coming months, sending DNO's shares soaring.
"It would be very difficult to see it dragging on beyond the second quarter," Chief Executive Helge Eide told Reuters in an interview on Tuesday.
DNO shares were suspended after the interview following a 7 percent rise in its shares to 4.70 crowns.
The Norwegian oil exploration company discovered large oil volumes of oil in the Kurdish region but faced the prospect of not being able to bring the crude to market because of the failure of Baghdad and the Kurds to agree a new oil law.
However, Eide is optimistic that permission to export the Kurdish crude will be granted in the near future. Physical exports could begin soon after because DNO has almost completed a tie-up to an export pipeline to Turkey.
"We are basically there technically," he said.
The Kurdish regional government is handling the negotiations with the Baghdad government, Eide said.
DNO had hoped to receive permission to export its Kurdish crude last year and Eide accepted DNO was "maybe a bit too optimistic" in the past.
The right to export would allow DNO lift its production significantly and fill the company's coffers. Eide said he aims to use the proceeds to make acquisitions in the Middle East and East Africa.
Also in the coming months, DNO may decide on whether to maintain or sell its 25 percent stake in Norwegian North Sea-focussed oil company Det norske oljeselskap (DETNOR.OL).
Detnor's new board is working on a new strategy plan.
"That company should take a lead in the consolidation process in Norway ... we'd like to see a clear roadmap from the board," Eide said.
DNO has also hired advisors to investigate other possibilities, including a sale of its Detnor stake, if DNO is unconvinced by Detnor's new plan.
Eide criticised Detnor for becoming overly focussed on the development of the Froy field, which it co-owns with Britain's Premier Oil (PMO.L), in the past. Eide said Froy was now on hold. (Additional reporting by John Acher in Oslo; Editing by Rupert Winchester)
10/3 2009 19:00 collersteen 04159 3/10/2009 16:57:22 - Oslo SE, News
DNO: Reference to the article published by Reuters today
http://www.newsweb.no/index.jsp?messageId=230666
With reference to the article published by Reuters
today, DNO wish to make clear that there is no new
information with respect to the timing of
commencement of delivery of oil from Tawke into the
northern pipeline system in Northern Iraq. In that
matter DNO is referrig to what has been published in
the fourth quarter Interim Report and the supporting
presentation.
DNO International ASA
Helge Eide
Managing Director
DNO: Reference to the article published by Reuters today
http://www.newsweb.no/index.jsp?messageId=230666
With reference to the article published by Reuters
today, DNO wish to make clear that there is no new
information with respect to the timing of
commencement of delivery of oil from Tawke into the
northern pipeline system in Northern Iraq. In that
matter DNO is referrig to what has been published in
the fourth quarter Interim Report and the supporting
presentation.
DNO International ASA
Helge Eide
Managing Director
Ja det var så lidt meget et antiklimaks. er åbnet nu under relativ stor omsætning, handels i 4,7 op 7%
At det er svært at se at DNO ikke får eksportlicensen i 2q. Hvis det er sandt så kunne den blive en rigtig interessant spekulation værd.
Disclaimer: Eide er notorisk utroværdig i sin forecasts
Disclaimer: Eide er notorisk utroværdig i sin forecasts
Iraq Kurd leader says could export 1 mln bpd oil
12-03-2009 15:17:00
LONDON, March 12 (Reuters) - The Kurdish region of Iraq has the capacity to export one million barrels per day of crude in three years if an agreement on revenue sharing can be reached with the central government, the region's leader said on Thursday.
"Today, the region is able to export 100,000 barrels per day and towards the end of the year we will be able to export 200,000 bpd, and by the end of next year it will be 450,000 bpd and after three years we will be able to produce 1 million bpd," Masoud Barzani, president of Iraq's autonomous Kurdistan region told a conference in London.
The region currently produces little oil as it is unable to sell crude outside the region, which has local demand of only on on few thousand bpd. Barzani declined to say when he expected an export agreement with Baghdad.
12-03-2009 15:17:00
LONDON, March 12 (Reuters) - The Kurdish region of Iraq has the capacity to export one million barrels per day of crude in three years if an agreement on revenue sharing can be reached with the central government, the region's leader said on Thursday.
"Today, the region is able to export 100,000 barrels per day and towards the end of the year we will be able to export 200,000 bpd, and by the end of next year it will be 450,000 bpd and after three years we will be able to produce 1 million bpd," Masoud Barzani, president of Iraq's autonomous Kurdistan region told a conference in London.
The region currently produces little oil as it is unable to sell crude outside the region, which has local demand of only on on few thousand bpd. Barzani declined to say when he expected an export agreement with Baghdad.
