DNO International ASA in Q3 2010: Higher produc...

As a result of higher production DNO International ASA delivered increased
revenues and improved results from operations in the third quarter.

"I am pleased to note that the good trend in our financial results and cash flow
from operations continued into the third quarter. DNO will now enter a period of
increased exploration activities and we are also about to secure new exploration
acreage both in Mozambique and Yemen. This forms a solid platform for further
growth of our Company", says Managing Director Helge Eide.

The cash position increased by NOK 114 million in the third quarter, bringing
DNO's cash position to NOK 936 million by end the period. The year to date cash
position has increased by NOK 633 million.

The financial results in the quarter are affected by special items. To comply
with the IFRS accounting standards, a provision of NOK 322 million related to
claims and legal costs in connection with the ongoing arbitration process has
been recorded in the third quarter accounts. DNO continues to dispute the terms
and conditions in the arbitration process.

DNO's working interest production increased to 24,956 bopd in the third quarter,
up from 15,748 bopd in the second quarter.

See attached documents for full information.

Oslo, 11 November 2010

DNO International ASA
Corporate Communications

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


[HUG#1461284]





DNO Q3 2010 Interim Report: 


http://hugin.info/36/R/1461284/400476.pdf

DNO Q3 2010 Press Release: 


http://hugin.info/36/R/1461284/400477.pdf

DNO Q3 2010 Webcast Presentation: 


http://hugin.info/36/R/1461284/400478.pdf




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Source: DNO International ASA via Thomson Reuters ONE