DNO International ASA - Update on the notice fr...

("DNO" or "the Company")


Reference is made to the Stock Exchange Notice dated 21 September
2009 in relation with the Notice from Kurdistan Regional Government
(KRG).

The Notice dated 21 September 2009 from KRG is a direct consequence
of Oslo Stock Exchange (OSE) disclosing selective confidential
information to the media, which is causing the media to publish
speculative, misleading and incorrect information. This, according to
the KRG Notice, is causing unjustifiable and incalculable harm to the
reputation of the KRG and the Minister of Natural Resources. Dr.
Ashti A Hawrami.

Furthermore, OSE had no rights to disclose confidential information
relating to a foreign authority and one of its officials, without
consulting or advising the relevant Norwegian authorities or the KRG
itself.

The Board of DNO has submitted a letter to the Board of OSE
requesting that the suspension of trading the DNO shares must be
maintained for a few more days until the situation caused by the
notice from KRG is resolved. Until then the pricing of the shares
will be difficult and could lead to unpredictable price variations.

Despite such request from DNO and the fact that the Notice from KRG
is caused by the wrongful doings by OSE, the suspension of trading
the DNO shares has been lifted by OSE.

DNO is now in discussions with KRG with to resolve the situation as
soon as possible. According to the KRG Notice, the full rights to the
PSC will be reinstated once this has been achieved.

DNO is preparing for legal actions against OSE for damages as a
result of willful breach of confidentiality, and the Company expects
to submit a letter to OSE during the next few days.

The Board of Directors in DNO will now investigate strategic options
including moving the listing of the Company's shares to another
exchange. Such alternative listing may be the whole Company or
alternatively the Subsidiary holding the licenses within the
Kurdistan Region.

The content of this Stock Exchange Notice is without prejudice.


DNO International ASA
24 September, 2009



Contact:

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

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


This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.