Norske OLJESELSKAP - die norwegische Ölrakete (Seite 203)

[Dirkix]

Hat ausser mir keiner gemerkt, dass es gestern, am Freitag 28. April einen
Trading Halt
für Oljesselkap gegeben hat?

Eröffnung 10am 56,75 NOK
und nach 20 Minuten lag der Kurs schon bei
67,50 NOK

Day's Range: 56.75 - 67.50 NOK
Last Trade: 63.50 NOK, also plus 8 Prozent...

Die Meldung:
DNO to resume trading at 10.47 am after having been placed on matching halt

OSLO (AFX) - Oslo Bourse said shares in DNO ASA would resume trading at 10.47 after it was placed on matching halt earlier so that the stock exchange could investigate price movements.

The bourse said it had reviewed price movements, but gave no further information.

[e-mail]

[Dirkix]

Will den Faden mal am laufen halten:

DNO - Q1 2006 Production and Middle East Drilling Update

DNO ASA is pleased to announce the Q1 2006 production figures and status of Middle East drilling activities.

Q1 2006 Production:
DNO achieved an oil production of 16.892 BOPD in Q1 which is an increase by 20 % compared to Q1 2005.

The oil production net to DNO (WI) from Norway and Yemen was as follows:

Norway = 865 BOPD (March 2006) 1076 BOPD (Q1 2006)
Yemen = 15205 BOPD (March 2006) 15816 BOPD (Q1 2006)
Total = 16070 BOPD (March 2006) 16892 BOPD (Q1 2006)

The March 2006 production was down by 859 BOPD compared to February which was caused by the continuation of some well repair work at the Tasour Field in Yemen and a planned shut down at the Glitne Field which commenced in February.

The next two wells on Nabrajah will be drilled in the Nabrajah # 5 fault terrace, and will have the primary objective to increase Basement production.


Drilling Update:

Nabrajah # 10 - Block 43, Yemen, has now reached a depth of 1834 meters. The well is the first of two wells to be drilled back-to-back in the Nabrajah # 5 fault terrace.

DNO has previously reported that gross ultimate proven plus probable reserves combined from Qishn and Basement are estimated by the Company at 68 million barrels. Reserve estimates undertaken by independent engineers on behalf of DNO do not deviate materially from these figures applying a recovery factor of 35 % for Basement. DNO is planning to perform a review and update of the Nabrajah reserves later this year. Such update will incorporate the results from Nabrajah # 10 and 11 as well as additional production history from both Qishn and Basement.

Tasour # 21 - Block 32, Yemen, has now reached a depth of 1991 meters. The well is an appraisal well located at the south-east edge of the Tasour Field.

Godah # 2 has now reached a depth of 1752 meters. The main objective of Godah # 2 is to appraise the Godah oil discovery confirmed by Godah # 1 ST which flowed ca. 1.830 BOPD at natural flow.

Sharyoof # 20, Block 53, Yemen, 20 has reaced a depth of 2250 meters. The well is the first of 4 infill wells planned at the Sharyoof Field in 2006. Sharyoof # 20 will also be drilled to the Basement at this location.


Northern Iraq Drilling Update:
Tawke # 1, Iraqi Kurdistan - As reported in the Stock Exchange Notice on 10 April 2006, interpretations of wire line logs and other well data show the presence of oil in five reservoir intervals. As a result of this it has been decided to perform several well tests in Tawke # 1, with the objectives of evaluating the production capacity of the individual reservoir intervals and to determine the characteristics of oil.
The preparation of the testing program is progressing well and the first test is expected to commence during the next week.

Contact:
DNO ASA : ([phone] / ([phone]
Helge Eide, Managing Director

www.dno.no

[gaijin8]

Antwort auf Beitrag Nr.: 21.140.730 von Dirkix am 10.04.06 10:32:24

Hier noch die vollstaendige Mitteilung von der Homepage.

DNO ASA - Update on Tawke Area, Northern Iraq.

10.04.2006
DNO ASA (DNO.NO) is pleased to release an update on the preliminary evaluation results and forward plans for the Tawke Area in Northern Iraq.

As reported in the Stock Exchange Notice on 23 March 2006 the Tawke # 1 well was nearing its total depth and all exploration objectives had been met.

The well data acquired to date have been reviewed and evaluated. Interpretations of wireline logs and other well data show the presence of oil in five reservoir intervals. Based on these results it has been decided to perform several well tests in Tawke # 1.

The objectives of the well tests in Tawke # 1 are to evaluate the production capacity of the individual reservoir intervals and to determine the characteristics of oil.

Testing of Tawke # 1 will be undertaken before moving the rig to the next well location. Following the completion of the testing program the rig will move to the location of Tawke # 2 some 2 km west of Tawke # 1. Tawke # 2 is planned to be drilled to approximately 2,000 meters.

DNO is currently undertaking feasibility studies for future possible oil production from the Tawke Area, including a fast-track option. Based on the results to date and contingent on successful outcome of the well tests, first test production of oil from the Tawke Area could commence first quarter 2007.

DNO has also contracted a second rig from Greatwall Drilling Company Ltd. which will be mobilized to the PSA area of operations in June 2006. This rig has the same drilling capabilities as the first rig. In addition 3D seismic acquisition over the Tawke Area is planned to commence in May 2006.

On Saturday 8th April a press conference was arranged in Erbil by Kurdistan Regional Government ("KRG" ) announcing the status of Tawke # 1. Representatives from the Ministry of Oil in Baghdad were present during this press conference, including the Deputy Minister of Oil, Mo'tasam Akram.

Commenting on the results Managing Director Helge Eide says:

"We are very pleased to have drilled our first exploration well in Iraqi Kurdistan, which represents another milestone achieved by DNO. The considerable efforts by our project team have ensured that the drilling has been undertaken successfully and safely. This demonstrates DNO's capabilities of undertaking challenging operations as a prudent Operator.

"We would also like to give credit to the Kurdistan Regional Government for their valuable assistance and cooperation in planning and execution of our operations. We are looking forward to receiving the results from the well testing, which will serve as an important and valuable strategic indicator for the future plans of our joint project with the KRG in Iraqi Kurdistan".

[Dirkix]

- Öl entdeckt;
- feasibility study in Arbeit;
- Produktion ab Q1 2007, also in 9 Monaten!!!



10.04.2006
DNO strikes oil in northern Iraq's Tawke area, sees production in 2007

OSLO (AFX) - DNO ASA said preliminary evaluation results for the Tawke area in northern Iraq show the presence of oil in five reservoir intervals.

DNO is currently undertaking feasibility studies for future possible oil production from Tawke, including a fast-track option.

Based on the results to date and dependent on successful outcome of future well tests, first test production of oil from the area could start in the first quarter of 2007, the group said.

DNO said it will perform several well tests in Tawke well number 1 to evaluate the production capacity of the individual reservoir intervals and to determine the characteristics of oil.

These tests will be performed before the rig is moved to the next well location.

[e-mail]

[Dirkix]

Antwort auf Beitrag Nr.: 21.140.071 von Kostolany4 am 10.04.06 09:50:50

Aber in der teutonischen Heimat sind es gerade mal 2.300 Stücke, in 1,5 Stunden...

[Kostolany4]

RTQ 54,75
Umsatz 6,8 Mio. Stück schon nach 33 Minuten (ggü 10 Mio Durchschnitt pro Tag in Oslo)

Scheint eine gute Nachricht zu geben.....

[gaijin8]

Ein Update auf der Homepage:

DNO ASA - Northern Iraq Exploration Drilling Update

23.03.2006

DNO ASA (DNO.NO) is pleased to release an update on drilling activities in Northern Iraq.


DNO has successfully drilled the first exploration well within DNO's PSA agreement area located in Iraqi Kurdistan. The well was spudded on 28 November 2005 and the well has reached 3,100 meters on 22 March. It is expected that the well will reach the total depth within a few days.

Tawke # 1 has met all exploration objectives, and the drilling operations have been carried out in a safe manner without lost time accidents ("LTA").

The well data acquired to date are currently being evaluated in order to optimize the additional data acquisition program for the well.

It has been decided that several well tests will be performed. The test results are vital in order to evaluate the hydrocarbon prospectivity and potential commerciality of the Tawke prospect.

Whilst continuing evaluations of well data and preparing for the well test program, the Tawke # 1 will be temporarily suspended and the drilling rig will be moved to a new well site to commence drilling of the second well within the PSA area. Timing of the testing is dependent on several factors and considerations are currently being made to bring in a smaller rig to perform the well testing of Tawke #1.

Contact:

DNO ASA : ([phone] / ([phone]
Helge Eide, Managing Director

[Dirkix]

Jaguar site in North Sea not commercially viable for hydrocarbons

OSLO (AFX) - DNO ASA said prospective drilling on its Jaguar site, which is in the UK section of the Northern North Sea, has not yielded satisfactory results for hydrocarbons to make the project commercially viable.

However, the drilling proves that a working hydrocarbon system exists, and an extensive technical evaluation will now be conducted to assess the remaining potential of the prospect.

Operator DNO ASA has a 50 pct stake in the Jaguar project, Elixir has a 40 pct working interest in the block, and Rocksource ASA owns the remaining 10 pct.

[e-mail]

[gaijin8]

Ein Artikel ueber unsere kleine DNO im grossen Time-Magazine:

The Race to Tap The Next Gusher
Kurdistan is rich in oil resources, and the Kurds are READY TO DEAL. But U.S. firms have been aced out by a small Norwegian outfit
By VIVIENNE WALT / TAWKE


Posted Sunday, Feb. 19, 2006
For most of his life, Khadir has honed the occupation he learned as a child: fighting in the Kurdish militia against Saddam Hussein`s forces. He has been jailed seven times since he was 14 and has seen a favorite uncle executed. Now, at 32, he is perfecting an entirely new skill, which could change this region as much as the wars in which he has fought have: drilling for oil. Since late November, he has toiled about 30 ft. aboveground on the first derrick erected in Kurdistan in decades, by a Norwegian outfit using a Chinese rig, of all things. From the top, there is a panoramic view of the hills around his tiny village of Tawke, where 30 families eke out a meager living herding sheep. It hardly looks like the location for a major economic boom. "We are poor," he says, sitting on his bunk during a break between shifts last month, when TIME was invited for a rare visit to the oil operation. "We have nothing."

But that could soon change--perhaps dramatically, according to oil engineers who have surveyed the region. Sheltered from the deadly mayhem around Baghdad, the economy of Kurdistan, the region that comprises the three northernmost provinces of Iraq, is already showing signs of vigorous growth. Turkish, British and Canadian oil companies have held talks with Kurdish officials in recent months to revive old oil fields and drill new ones. Oil has the potential to jolt Iraq`s precarious ethnic balance by injecting sizable revenues and foreign investment into an area about twice the size of New Jersey. Much of the work is still exploratory, but Western engineers and Kurdistan`s Regional Government believe that huge riches could lie underneath. Exploration had been dormant for decades--the region first languished under Saddam`s oppressive rule and then was isolated from Baghdad for 12 years after the 1991 Gulf War. "There`s a race on to get fields into production," says a Western consultant in Kurdistan, too fearful for his safety to be named. "People are very, very optimistic."

Ironically, the first winner isn`t an oil giant from the "coalition of the willing" but DNO ASA, a small company traded on the Oslo Stock Exchange. DNO negotiated the rights in early 2004 to drill in about 1,500 sq. mi., inking the contract in the final week of the U.S.-run occupation of Iraq. DNO`s managing director, Helge Eide, said he felt he "had to do it before the interim government came in," fearing Iraq`s new rulers might strip the Kurds of rights to negotiate their own energy deals. It was a risky move, since politicians were bitterly divided over who would control Iraq`s massive oil resources under a new constitution. Yet as that argument raged, DNO quietly hired the seismic company Terra Seis (Malta) Ltd. to survey its area. The results were stunningly clear. "We could tell very quickly that there was structure containing hydrocarbons," says Kevin Plintz, a Canadian geophysicist who owns Terra Seis and oversaw the work.

That wasn`t all too surprising in Tawke, where generations have watched oil seep out on the surrounding hills and turn to a slick black film in the gnawing winter cold. Sitting cross-legged on his living-room carpet over a lunch of mutton, village chief Tahir Ezeer Omar remembers that when he was 10, a German visitor told his grandfather that the oil in the hills "was like gold, that it would someday create wealth for us." The locals were unimpressed. "All we knew is that the sheep and cows kept getting stuck in the stuff," Omar says.

The Norwegians` political gamble seems to have paid off. Last October Iraqis ratified a constitution giving each region the right to cut oil deals--the most bitterly fought-over item during months of wrangling--while allowing Baghdad to divide the revenues equitably between regions. Kurds will get 17%, their estimated portion of Iraq`s population. As Iraqis voted, DNO had a 180-ft. rig driven across the Turkish border in about 100 trucks and then assembled it a few miles inside Iraq, near Tawke. The rig--owned and operated by the Great Wall Drilling Co., a subsidiary of China`s state-owned National Petroleum Corp.--is expected to hit the pool of oil at about 10,000 ft. Since it will reach that level perhaps only next month, DNO has tried to tamp down soaring expectations. Eide says that although there is "movable oil, we still don`t know how much."

Such measured comments have not stopped the excitement whipping across Kurdistan, maybe because the presence of a rig bespeaks a boom to come. "For us, new wells are very, very important," says Falah Mustafa Bakir, senior aide to Kurdish Prime Minister Nechirvan Barzani, over coffee in Kurdistan`s capital, Arbil. "It is the future, our means of prosperity." Sarbez Hawrami, CEO of Kurdistan`s government-run Oil & Gas Petrochemical Establishment, says "about seven British companies" have approached him to discuss deals. Terra Seis now has 12 seismic machines in Kurdistan working for five oil companies, with a list of others waiting for its services. In the 40-year-old Taq Taq oil field east of Arbil, two Turkish firms are producing oil, and one of them is drilling three new wells. Last September Canada`s Heritage Oil signed an exploration deal. "There were always plans to produce oil in Kurdistan, but there were always objections" from Baghdad, says George Yacu, a Kurd who served in Saddam`s Ministry of Oil for 30 years until 1999 and is now oil-and-gas adviser to Kurdistan`s regional government.

Kurdish officials estimate their unexplored oil reserves at about 45 billion bbl. If that`s accurate, Kurdistan`s power will grow within Iraq, which depends almost completely on oil exports. Some researchers cast a wary eye on the Kurds` claims, but geologist Plintz says his research suggests that unexplored reserves "could be among the biggest in the world." An additional 40 billion bbl. of reserves are in the city of Kirkuk, which lies outside Kurdistan but whose political status is still disputed by Kurds. Kurdish oil would have huge advantages over Iraq`s other fields: it could be piped a short distance to Turkish refineries without passing through war-torn areas.

Gusher or not, the region is booming. On the border with Turkey, about a half-hour drive from the DNO rig, Kurdistan has clearly become Europe`s gateway to Iraq. Trucks from Turkey, Austria, Bulgaria, Germany and the Netherlands are backed up for miles and carry goods from across the continent. Sea cargo from Dubai is diverted through Jordan, Syria and Turkey before reaching Kurdistan, where it is transferred to Iraqi trucks before proceeding to Baghdad. That route is the only choice: driving north through Iraq from the Persian Gulf is too dangerous.

As one flies into Arbil, the sole sign of war is the airport`s security. Kurdish soldiers--or peshmerga, as they are known--sit in tall watchtowers posted on the perimeter, and civilian vehicles are kept outside the airport gates, where baggage searchers wear ski masks to hide their faces. Flights from the new Kurdistan Airlines and other carriers arrive directly from Istanbul, Frankfurt, Dubai and Beirut. Austrian Airlines will add a Vienna flight next month.

That`s just the start. A sprawling $200 million airport is being built on the existing grounds and is scheduled to open next year. Its three-mile runway will be wide enough to land the new Airbus 380--or, for that matter, the space shuttle, boasts Zaid Zwain, Kurdistan`s director of civil aviation. "Imagine, people used to fear the sound of jets because of the bombing," he says, standing on the vast, still unpaved runway.

Indeed, the sensation of not being in Iraq is a key factor in Kurdistan`s boom. Almost no Iraqi flag flies, and fewer than 1,000 U.S. soldiers are deployed in the territory. In the lobby of Arbil`s only five-star hotel, which is filled with American and European businessmen discussing prospects, the buzz in the crowd has one persistent theme: in the world`s most dangerous country, foreign businesses can work safely by basing their Iraq operations in Kurdistan rather than 200 miles south in Baghdad. "For anybody wanting to do anything in Iraq today, the entry point is Kurdistan," says Magne Normann, DNO`s senior vice president and Iraq project director. "It`s a stepping-stone for moving into the rest of Iraq when the time is right." Last November a television campaign funded by the Kurdistan Development Corp. was launched on U.S. networks with the slogan "The other Iraq" and languid rural scenes that contrasted sharply with the war-ravaged Iraq on the news. Still, that message has not translated for some. "People in the States think I`m living in the desert, one step ahead of someone who wants to put me in an orange jumpsuit," says Harry Schute, a consultant to Kurdistan`s Interior Ministry who was deployed to Iraq in 2003 as an Army reservist.

Yet keeping Kurdistan calm requires a heavy military force. TIME traveled four hours north from Arbil to DNO`s rig in an armored vehicle, on a road marked by several peshmerga checkpoints. DNO asked TIME not to publish its Kurdish employees` real names for fear they would be attacked for working for a foreign oil company. (Khadir is not the oil worker`s real name.) Kurdistan`s fragile peace could end quickly if Baghdad`s government tries to rein in the Kurds` economic clout and political autonomy. Most Kurds don`t seem to want any part of a greater Iraq. "Even when people talk about `northern Iraq,` I feel provoked," says Bakir, the Kurdish Prime Minister`s aide, who believes that many Baghdad officials are unhappy about Kurdistan`s oil hunt. The majority of Kurds still hope that Kurdistan will be independent and that large oil finds in the territory "would bolster the sense on the street that they can survive on their own," says the Western consultant who did not want to be named.

These days there are more basic issues of survival at stake, however. Over the lunch of mutton in Tawke, Normann asks Omar, the chief, and the rig`s star worker, Khadir, how the company can help the villagers. Omar says they need a water well and 50 desks for the tiny village school. Away from the chief, Normann says he knows that such goodwill can help secure the rig`s safety from possible attack. Iraqi officials last year counted more than 3,000 insurgent attacks against the country`s oil facilities and workers. But Khadir, who earns $500 a month as a roughneck--in a village of poor sheep farmers-- says an attack against DNO would surely fail. "Everyone in the village would protect the company, even the kids, because this oil is our future," he says. And while DNO waits for the oil to flow, it seems likely that Tawke`s children may soon sit in class at desks.

Quelle: Time Magazine
http://www.time.com/time/globalbusiness/article/0,9171,11612…

[Dirkix]

Der Q4 Report ist da!


DNO ASA
Operational and Financial Results
Fourth Quarter and Full Year 2005


DNO ASA, the Norwegian based independent exploration and production company today reports its Fourth Quarter and Full Year 2005 Results.

Operational Highlights Successful implementation of DNO`s strategy has contributed to strong operational and financial achievements in 2005.
The company`s oil production was 14.741 BOPD in 2005, up 5,4 % from last year. A reserve growth of nearly 152,8 percent and Finding, Development and Acquisition ("FD&A") cost of 2,2 USD are strong indicators of the company`s ability to add new reserves at low costs.

During the year DNO continued to expand its portfolio of petroleum licenses, which had increased at year end to 24 licenses, of which 12 as Operator. A new milestone was also achieved in 2005 when DNO commenced operations in Northern Iraq, and in November 2005, the company spudded its first exploration well in this region, following extensive seismic acquisition.

Since year end, DNO has also added a further 30 million barrels in 2P reserves, following exploration success on the Goliat oil discovery in the Barents Sea, Northern Norway.


IFRS Transition
As previously announced in the Stock Exchange Notice on 9th February 2006 the company has decided to change the consolidated IFRS accounts from working interest to net entitlement method. More information on this is presented in the interim report and the investor presentation available at DNO`s web site www.dno.no. The financial highlights below are presented on working interest basis.


Financial Highlights
Full Year 2005

Sales for the full year 2005, net of hedging losses, were NOK 1 528,3 million (NOK 1 132,7 million), leading to an EBIT of NOK 892,4 million (NOK 560,6 million) and a profit before income tax expenses of NOK 1 021,1 million (NOK 481,0 million).

Net income for the period was NOK 268,3 million (NOK 43,1 million).
Nettogewinn: 268,3 Mio. NOK


Fourth Quarter 2005
The Company`s performance in the final quarter of the year was positively affected by increased production from the Nabrajah operations. Sales in the quarter increased to NOK 477,5 million (NOK 338.0 million), leading to an EBIT of NOK 271,7 million (NOK 203,7 million) and a profit before income tax expenses of NOK 319,3 million (NOK 117,8 million).

Net income for the final quarter of the financial year was NOK 139,8 million (NOK 10,3 million).

Commenting on the results, Helge Eide, Managing Director of DNO said:

"We are pleased with the company`s achievements in 2005 which form a strong basis for further growth going forward. We will maintain our focus on transforming resources to reserves at low costs which we aim to achieve through continued high drilling activity in all geographical areas. By participating in 22 exploration wells in 2006 DNO demonstrates its strong commitment to this strategy.

Going forward a further strengthening of the financial results is expected as a consequence of increased production and that we again will receive full value of our production."

For further information please contact:
DNO ASA : ([phone] / ([phone] Helge Eide, Managing Director
Crux Communications (Norway) Lars Erik Lund ([phone]