DNO International ASA - November Production and...

DNO International ASA

("DNO" or "the Company")


DNO is today reporting November 2008 production together with a
summary of ongoing drilling activities.

PRODUCTION REPORT

Yemen production
DNO's WI production from Yemen in November was 8,019 bopd, down from
8,827 bopd in October. November production was lower due to
unscheduled maintenance work at the pipeline going from Godah and
Tasour on block 32. The YTD production to DNO from Yemen is 9,474
bopd, which is in line with management's expectations.

DNO's oil production is reported as follows:


         (Bopd)                Q3 2008  Oct   Nov  YTD 2008
         Working interest (WI)  8,836  8,827 8,019  9,474
         Net entitlement (NE)   5,122  5,614 5,155  5,997
         Achieved oil price    115,09  78.57 49,97    -


The production figures (WI and NE) include crude oil consumed in the
operation of the Company's production facilities, at an accumulated
volume of 370 bopd during November 2008.

DNO's revenue entitlement from the Tawke test production
As previously reported, the test production volumes to the Company
from Tawke will be based on revenue entitlements rather than volumes,
as test production does not reflect the normal operational
performance or production capacity of the fields. The revenue
entitlement from Tawke test production is reported as follows:



              (MNOK)         Q3 2008 Oct  Nov  YTD 2008

              Kurdistan/Iraq  38,6   18,4 23,8  277,9


SUMMARY OF ONGOING DRILLING ACTIVITIES


YEMEN

Block 43

On 22 November 2008, rig 908 completed Wasaa #1 exploration well on
block 43. The well was drilled to a total vertical depth of 2,187 m.
Hydrocarbons were not encountered in the well, and the well was
subsequently plugged back and abandoned.

Block 53

Exploration well Raoq #1 was spudded 1 October 2008 with rig 919, and
will explore the resource potential on a separate Basement structure
to the south of the Bayoot area. By end of  November the drilling
operations were still in progress.

Block 72

Rig 905 spudded Seer #1 exploration well 9 November 2008. The well
was drilled to a total vertical depth of 1,794 m. Indications of
hydrocarbons were encountered within the Qishn reservoir during
drilling. Later logging and sampling proved no movable hydrocarbons,
and the well was subsequently plugged back and abandoned. The rig
will be moved to block 32 to drill development well Tasour #25.

The partners have decided to enter into the second exploration period
on block 72.



DNO International ASA
16 December, 2008


Contact:

Media:
Helge Eide, MD DNO ASA                 Telephone:    [phone]
Ketil Jørgensen, Crux Communication    Telephone     [phone]
(Norway)
Ben Willey, Buchanan Communications    Telephone:    [phone]
(UK)

Investor Relations:
Haakon Sandborg, CFO DNO ASA           Telephone:    [phone]


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