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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