DNO International ASA - DNO is today reporting ...

Yemen production DNO's WI production from Yemen in April was 8,108 bopd, and 7,858 bopd in March. The YTD production to DNO from Yemen is in line with management expectations. DNO's NE production from Yemen in April 2009 was 6,026 bopd and the average realized oil price was USD 50 / bbl. DNO's oil production from Yemen is reported as follows: (Bopd) Q1-2009 Apr-09 YTD-09 Working interest (WI) 7,925 8,108 7,971 Net entitlement (NE) 5,936 6,026 5,958 Achieved oil price (USD/bbl) 43 50 45 The production figures (WI and NE) include crude oil consumed in the operation of the Company's production facilities, at an accumulated volume of 294 bopd in April 2009. DNO's revenue entitlement from the Tawke test production The revenue entitlement from Tawke test production is reported as follows: (MNOK) Q1-09 Apr-09 YTD-09 Kurdistan/Iraq 33,1 9,8 42,9 The April revenue entitlement from the Tawke test production has been in line with the first quarter figures. The Tawke test production volumes have over time shown significant variations, which is also expected going forward. As previously reported, on 10 May DNO received formal notice by KRG to commence export of crude oil from the Tawke field on 1 June, 2009. The Company is in the final stages in the preparations to ensure safe and smooth operation on the commencement date. DNO International ASA 20 May, 2009 This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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