DNO International - Norwegische Ölaktie mit Irak Aktivitäten - 500 Beiträge pro Seite

[AcapCapital]

DNO International ASA (\"DNO\") is an independent petroleum company engaged in the acquisition, exploration, development and operation of oil and natural gas properties. The company\'s head office is in Oslo, Norway, with worldwide activities. DNO serves as operator or active license partner in several production and exploration assets, and our current assets are in UK, Yemen, the Kurdistan region of Northern Iraq, Equatorial Guinea, Mozambique and Syria.

DNO explores for oil and natural gas and acquires properties in both frontier areas and in regions with established oil and natural gas production and infrastructure. Our growth comes through smart exploration, cost effective and fast track development, efficient operating techniques and strategic acquisitions. In the first growth cycle following the revitalisation in 1996 we have proven our ability to extend the life of fields beyond their planned decommissioning. This was demonstrated through our achivements in the Heather and Boom fields. The company has demonstrated successful exploration efforts in the Middle East and the North Sea, developed smaller fields profitably in Yemen and carried out a fast-track development of the Tawke field in Northern Iraq with first oil within one year from the initial exploration well.

In November 2007, we decided to combine our activities in the North Sea with Pertra ASA (now renamed to Det norske oljeselskap ASA- "Det norske") (www.detnor.no) – creating the second largest Norwegian oil and gas company. DNO's shareholdings in Det norske is currently at 36,7%. The activities outside of the Norwegian Continental Shelf are carried on within DNO International ASA.

[AcapCapital]

DNO hat mit der kurdischen Regierung einen Vertrag abgeschlossen, der momentan noch nicht von der Zentralregierung in Bagdad anerkannt wird. Es gibt jedoch aus Kurdistan Signale, dass die bald passieren sollte. Die DNO International Aktie dürfte auch diese Meldung mit einem Kurssprung reagieren. Zudem dürften durch die jetzigen Bohraktivitäten weitere Reserven aufgebaut werden.


DNO Has `Significant' Oil Reserve Upside, Chief Says

By Vibeke Laroi and Alexander Kwiatkowski
April 3 (Bloomberg) -- DNO International ASA, the Norwegian oil company that explores in northern Iraq, said it has a ``significant'' upside potential in its reserves and an export pipeline from Kurdistan may be approved soon.

``We have a very strong position for growth,'' Managing Director Helge Eide said during a Webcast to investors today.
DNO is ``just scratching the surface'' in Kurdistan and expects fields in the region to produce oil for the next 20 to 25 years, he said.

DNO is the first foreign company to produce oil in Iraq since the nation nationalized the industry in 1972. The company started drilling in northern Iraq in November 2005 and is now delivering oil to the domestic market. Approval for a pipeline to export oil to international markets is likely soon, the company said.

``We are just about there,'' said DNO Iraq head Magne Normann. Kurdistan's oil minister ``is mentioning to us that this shall be happening soon,'' he said.

Iraq has an estimated 115 billion barrels of proven oil reserves, the third-largest in the world behind Saudi Arabia and Iran, according to BP Plc. DNO is producing about 7,300 barrels a day of oil from the Tawke field in Kurdistan, which it is supplying to the domestic market. A link to an export pipeline would mean it could pump as much as 50,000 barrels a day.

Double Reserves

The Oslo-based company sees a ``significant reserve potential'' in its portfolio, with the potential to double its underlying reserve base this year, independent adviser Robert Arnott said during the Webcast. DNO estimates its recoverable reserves in Iraq at about 230 million barrels.

DNO, which has 500 employees, operates in seven countries and is involved in exploration, drilling and development to production. The company has seen its reserve base double in each of the past five years, Arnott said. FNO also produces oil from Yemen, where it has had a presence for the last 10 years. ``Companies are knocking on our door. They want to join us and they want us to be operators,'' Sven Erik Lie, managing director of DNO in Yemen, told investors, without specifying names.

DNO had a net production in February of 17,760 barrels of oil a day, up 2.3 percent from January. Of the total, 10,303 barrels were produced in Yemen and 7,457 barrels in Kurdistan.

[AcapCapital]

DNO Rises on UPI Report of Iraqi Oil-Export Deal

June 13 (Bloomberg) -- DNO International ASA, the Norwegian oil company that explores in northern Iraq, rallied the most in 10 weeks on the Oslo bourse after UPI reported the Middle Eastern country may award DNO an export agreement.
The shares climbed 1.25 kroner, or 12 percent, to 11.75 kroner, the steepest advance since March 31. The closing price values the Oslo-based company at 10.6 billion kroner ($2 billion).
The Kurdish regional government and the federal Iraqi government are negotiating to give DNO permission to export oil, UPI said late yesterday. DNO hopes to export oil from Iraq by the end of this year, the newswire reported, citing Magne Normann, head of its Iraq operations.
DNO's site near the Iraqi village of Tawke has produced an average of 6,000 to 7,000 barrels of oil a day in the past year, UPI quoted Normann as saying.

[AcapCapital]

Tristone Capital schreibt folgendes zu DNO (am 9. Juni 2008):

Increasing target to NOK 19. We have increased our price target by 17% (NOK 2.7/sh) to NOK 19.0, in line with our RENAV. Our core NAV and RENAV have increased by 12% and 13% respectively to NOK 10.2/sh and NOK 19/sh based on our new price deck. DNO maintains an active exploration programme in both Kurdistan (Iraq) and Yemen targeting 300-500 mmb through five wells in Kurdistan and 300-350 mmb in Yemen through sixteen exploration wells, respectively, While DNO continues to achieve good results from its drilling programme in both Yemen and Iraq, the shares are overly dependent on newsflow from Iraq following the spin-off of the Norwegian assets. We believe that it will require an Oil Law agreement and the resultant permission to export oil for the shares to reflect the potential value of the Iraqi exploration portfolio.

In Kurdistan, DNO now has facilities in place to commence exports of 50 mb/d immediately, but it is producing just 7 mb/d gross while waiting for agreement between the Central Iraqi Government and the Kurdistan Regional Government before it can gain access to export markets via the northern pipeline to Ceyhan, Turkey. We continue to see DNO as an excellent play on Kurdistan, one of the last remaining prolific onshore hydrocarbon basins, though we believe that access to export markets remains the key to driving its share price forward in '08.

[brokerburt]

Antwort auf Beitrag Nr.: 34.305.772 von AcapCapital am 15.06.08 18:28:17

Hi AcapCapital,

zunächst muß ich dir sagen, daß schon ein DNO-Thread vorliegt.
Von daher halte ich es für überflüssig, einen neuen aufzumachen.

Deine Beiträge sind gut und schnell zusammenfassend, was das
Problem ,aber auch das Potential darstellt.

Wenn die Exportlizenz tatsächlich demnächst als Gesetz seitens der Zentralregierung vom Parlament und das noch vor
den Parlamentsferien ( JULI/AUGUST), gibt es sowie so kein Halten
mehr und für jedermann ist der Zug abgefahren. Dazu kommt noch das
Aufkaufgerücht seitens Statoil ( 60% staatlich ).....

Wie gesagt, ein Verzehnfacher ist auf die Schnelle möglich,
ansonsten kann es noch 1Jahr oder länger dauern.
Ich selbst halte die DNO-Aktie für die Aussichtsreichste unter dem
Aspekt der fast Risikolosigkeit unter den mir bekannten
Ölaktien.

Das ist keine Kauf-oder Verkaufsempfehlung, zumal ich in diesem
Papier schon seit Monaten dick investiert bin ( 149 k ).

Meiner Meinung nach sehen wir die kommende Woche locker die 15 NOK.


Auf ein gutes Gelingen.

brokerburt

[AcapCapital]

An Oasis of Oil in Kurdistan

While the age of "easy oil" is over in the U.S., that era is far from finished in northern Iraq, where oil is oozing to the surface in pools, giving oil companies clues to what lies beneath.

Fotoserie:

http://online.wsj.com/article/SB121552761878735885.html

[AcapCapital]

WSJ(7/9) Wildcatters Plunge Into North Iraq
09.07.08 05:05:00- DJEP

(From THE WALL STREET JOURNAL)
By Neil King Jr.

TAWKE, Iraq -- The Canadians are squeezing oil from sand. The Brazilians want
to nurse it up through miles of seawater, sandstone and salt. But here in the
far north of Iraq, oil is literally bubbling to the surface.

Oil executives lament that the age of "easy oil" is over. It isn't over here.
For companies that have stumbled into this corner of Iraq known as Kurdistan,
it's an era that has just begun.

"Look at this," said Magne Normann, Middle East director for DNO International
ASA of Norway, as he stood beside a pond of oil oozing up on a hillside. For
fun, he heaved in a stone. "What a sight," he said, as the liquid shot three
feet high. "Pure oil."

Iraq is well known as one of the planet's last great oil repositories, with
more than 115 billion barrels of reserves, by most estimates. The surprise is
how much oil -- and easily accessible oil -- there appears to be in Iraq's
Kurdish region, a rugged, Switzerland-size area that has seen centuries of
conflict but essentially no oil exploration, until now.

One of the world's most prolific oil fields, the Kirkuk field, sprawls for
more than 70 miles just to the southwest of the Kurdish region's border. After
74 years in production, it still churns out over 400,000 barrels a day. Dozens
of similar geological structures extend far to the north in Kurdistan,
undrilled and almost entirely unexamined.

"I am not expecting to find another Kirkuk," says Ashti Hawrami, Kurdistan's
plain-talking minister of natural resources. "But I think we will find a lot of
fields that add up to Kirkuk."

If he's right, Kurdistan's three provinces could hold more than 25 billion
barrels of crude. That's roughly five billion barrels more than the remaining
proven reserves of the U.S.

With oil prices near record highs -- U.S. benchmark crude closed at $136.04 a
barrel yesterday, off $5.33 for the day but still roughly double the level of a
year ago -- governments and energy companies are scouring the earth for fresh
supplies.

Kurdistan is now among the world's last playgrounds for the old-fashioned oil
explorers known as wildcatters. More than 20 companies from around the world
are prospecting here, making this one of the liveliest exploration zones in the
oil-rich Middle East, particularly for risk-taking small fry like DNO.

The hubbub is in sharp contrast to the rest of Iraq, where an exploratory well
hasn't been drilled in 15 years, thanks to neglect throughout the Iran-Iraq
war, the period of international sanctions and then the war that began in 2003.
Major oil companies have entered talks with Baghdad over ways to boost output
in the huge fields in Iraq's south. But the Iraqi government remains loath to
grant outsiders the right to explore for new oil or to share in the profits.

The freewheeling Kurdish area has no such compunctions. The Kurds have enjoyed
near-complete autonomy within Iraq since the early 1990s, and now have their
own regional government, complete with a Parliament and a prime minister. The
2005 Iraqi Constitution recognized that autonomy, and gave the Kurds a degree
of control over their own resources that they were quick to exploit.

By early 2007, the Kurds had awarded contracts to three exploration ventures.
When negotiations over a national Iraqi oil law broke down in acrimony last
summer, the Kurds decided to move ahead with their own oil legislation. Some
two dozen other exploration deals were signed under the Kurdish law -- causing
Iraqi officials in Baghdad to regard them as invalid.

Companies signing deals under the Kurds' law have since been barred by Baghdad
from doing business in the rest of Iraq, where the biggest of the country's oil
fields lie. That threat is keeping the major oil companies out of Kurdistan,
despite their ardor for new terrain to drill. Meanwhile, until Iraqis can agree
on a national oil law, the companies drilling in Kurdistan have no way to
export oil they unearth.

Even if they do find a way, the oil will have to travel via an existing oil
pipeline that runs through Turkey, which has skirmished with the Kurds for
decades and fears the rise of a rich and independent Kurdistan. Like Iran and
Syria, Turkey has a large and often restive ethnic Kurdish population.

All these uncertainties have helped push down the stocks of some of the oil
companies operating here, as investors have recoiled from the legal morass and
the overall dangers of Iraq. A slumping share price was one reason that Todd
Kozel, the American chief executive of U.K.-based Gulf Keystone Petroleum Ltd.,
recently flew a dozen hedge-fund managers and financial analysts over to see
his company's holdings firsthand. "The goal of this trip is to prove that
Kurdistan is safe," he told them.

Kurdish officials look at the flurry of oil contracts they're signing as a
two-pronged insurance policy. By cutting deals with companies from countries as
diverse as Australia, Britain, France, India, Russia, South Korea, Turkey and
the U.S., the Kurds say they hope to win international political support in
case things go awry with Baghdad.

And in case Iraq were to break up, the Kurds would have their own abundant
revenue stream. "Has this been deliberate? It certainly has," says a beaming
Mr. Hawrami, the Kurdish natural-resources minister, who has crafted the bulk
of the contracts awarded so far. "We want a balance. We want friends on all
sides."

Some good-sized companies have planted their flags here, including Austria's
OMV AG, Hungary's MOL Group and India's Reliance Industries Ltd. But they are
far outnumbered by lesser-known ones that see Kurdistan as a
once-in-a-generation opportunity. WesternZagros Resources Ltd., for example, is
a Canadian company that has never drilled for oil. It now has the rights to a
2,000-acre patch about 60 miles southeast of the famed Kirkuk field.

Then there's Genel Enerji AS and Addax Petroleum Inc. Together, the Turkish
and Swiss-Canadian concerns have sunk six wells in their Taqtaq field and are
ready to pump more than 50,000 barrels a day. Estimated extractable oil in
their field, the companies say: at least 550 million barrels.

Rumblings of a coming oil boom have triggered pell-mell construction in Erbil,
the capital of the Kurdish region, a city that local officials tout as the next
Dubai. It has a new airport. Cranes hover over the frame of a high-rise hotel
being built for Kempinski, the German luxury hotelier. A United Arab Emirates
company, Damac Properties, is planning a $4.5 billion retail and golf community
on the outskirts.

No company better captures Kurdistan's oil boom than DNO, which in 1995 had
just three employees and a North Sea oil plot that coughed up around 800
barrels a day. By 2004, DNO had multiplied its output with expanded North Sea
holdings and 30 wells in Yemen. That year, DNO signed its first contract with
the Kurdistan regional government.

What brought Mr. Normann to the tiny village of Tawke, within sight of the
Turkish border, were the area's pond-size oil "seeps." Oil and gas seeps aren't
always a good sign. But in Iraq, they have led, over the years, to some of the
biggest finds.

The DNO deal was unusual in several ways. It was signed just as the insurgency
caught fire in the rest of Iraq, but before Iraq had a new constitution. More
noteworthy was that it promised the Norwegian company a cut of future revenue
in exchange for shouldering all upfront risks and investment costs.

Such so-called "production-sharing contracts" are controversial in much of the
Middle East, where people oppose giving foreigners a cut of their nations'
resources. But the Kurds have used roughly the same model for all ensuing oil
deals, permitting companies to take profits, after expenses, of around 18% on
average. The rest will go to the Kurdish government. How that will then be
distributed within Iraq is still being negotiated.

What the Kurds wanted in return was speed. Dozens of contractors turned down
DNO, but it managed to hire a Canadian seismic crew and a Chinese drilling
company called Great Wall Drilling. By November 2005 it had its first drilling
rig in place, shipped from China and hauled by a 110-truck convoy from the
Turkish port of Mercin.

Six months later, DNO announced it had struck oil -- the first new discovery
in Iraq since the early 1990s. "By any measure, anywhere, that's fast," says
Mr. Normann.

DNO now has three tracts covering an area nearly the size of Rhode Island. It
is drilling its 11th and 12th production wells at its Tawke field, which
extends for 16 miles along an undulating rise in the far northwest corner of
Iraq. Tests so far suggest the field may contain more than a billion barrels of
oil. DNO has told shareholders that with its current technology, it expects to
recover at least a quarter of that.

Its Tawke wells can pump an average of around 10,000 barrels a day each. That
is small compared with Kirkuk and other mammoth fields. But it has been years
since any U.S. oil well, outside of Alaska and the Gulf of Mexico, produced
anywhere near that. The most prolific onshore well in the lower 48 states,
owned by Swift Energy Co. in Louisiana, pumped just 1,600 barrels a day last
year.

"For a company of our size, there is nothing like this anywhere in the world,"
said Mr. Normann, gazing at DNO's rugged concession on a drive from Erbil to
Tawke.

After crossing other companies' tracts, his Land Rover cruised for nearly an
hour along an arid, scrub-dotted plain with an immense ridge to the north
extending far to the horizon -- all of it open to DNO exploration. "That ridge
goes all the way to Syria," Mr. Normann said, pushing back his cowboy hat. "And
we haven't drilled any of it."

DNO is lucky on several counts. It has found abundant oil. Its contract,
approved before Baghdad and Erbil had their bust-up early last year over the
national oil law, is one of the only three not under fire.
And its main holdings are within easy reach of the oil pipeline that extends
into Turkey from the Kirkuk field. DNO has laid its own 30-mile pipeline to
hook into the main line.

But it still has a big problem. After investing more than $350 million
drilling wells and laying infrastructure, it still can't export oil; Baghdad
has held up any exports pending resolution of the debate over a national oil
law. Instead, dozens of tanker trucks line up at its base camp to haul away
some 7,000 barrels a day, pumped straight from the wellhead for the local
market. The stock of DNO is off 21% since a year ago.

On their parched plot to the east of Erbil, the Turkish-Canadian operators of
the Taqtaq field are in the same bind. Turkey's Genel Enerji got the rights to
the field in 2003 and later brought in Addax as a partner. Their target
production is 300,000 barrels a day. But to export any of it they must lay
their own pipe roughly 30 miles to the Kirkuk line, an investment they are
reluctant to make until the Kurds resolve their standoff with Baghdad.

"For now, we are just spending money," says a frustrated Can Savun, the
venture's project manager.

Newcomers like Gulf Keystone, which signed its contract amid a rash of
contested deals last fall, are charging ahead as well, confident the brawl over
the national oil law will be resolved before they hit oil.

Gulf Keystone is doing seismic tests and plans to have a drilling rig in place
by early next year. Its CEO, Mr. Kozel, brims with enthusiasm over Kurdistan's
promise. "This is Iraq," he said. "This is the most promising oil patch in the
world." Stock-market investors, evidently mindful of the risks, are less
enthusiastic. The stock is down about 30% from early November, when it
announced the deal.

To stir some market confidence, Mr. Kozel brought his gaggle of investment
managers and analysts by for a chat with Mr. Hawrami, Kurdistan's de facto oil
minister. Baghdad has no right to approve or disapprove of the contracts Erbil
has already signed, Mr. Hawrami told them. "It is done, it is finished, it is
history, it is final," he said, with a faint brogue gained from years spent in
Scotland.

So when might companies here start exporting oil? Mr. Hawrami shrugged. That
will take more time, he said. But by the end of next year, he assured them,
Kurdistan would be exporting a quarter of a million barrels a day. "I have no
doubt about that," he said.

[KaOzz]

D.N.O halted oil production from Northern Iraq this August

[8/19/2008]

D.N.O the Norwegian company clarified on Monday that they will not get any oil from Toki field operated by them in northern Iraq because the authorities in Kurdistan region halted production until the review of licensing procedures and update the other.

The company declared in a statement that they expected, according to the Kurdistan Regional Government clarification , the completion of these actions during the month of August to resume oil production in late August or early September.

They added that the company's production from the field amounted to 11191 barrels per day during July.

The company stated that total production from this field and Yemen fields declined to 20584 barrels per day last month from 22545 barrels per day during last June.

[KaOzz]

und heute kam das hier:

D.N.O company expected to start exporting Iraqi oil during 2008

[8/21/2008]

D.N.O the Norwegian oil and gas company, announced that the profit declination was lower than expected in operating profit for the second quarter and ,stressed that the production will rise strongly once they get access to the export of Iraqi oil.
And the company's profits decreased before deducting interest and taxes to 125 million krone ($ 23.06 million) in the period between April and June compared with 185 million krone a year ago.
According to Reuters survey of nine analysts views, who had predicted a decline of profits to 110 million krone due to the drop in production in Yemen and the higher expenses.
Unlikely to most oil companies, D.N.O have not achieved full advantage of high oil prices because it sells most of its oil production in Iraq's domestic markets where prices are lower than global levels.
The company said in a statement, "D.N.O will witness a leap in production levels as soon as they are permitted to export the oil from Toki field (in northern Iraq). And even then the company expected to keep the production stable."
They added: "Based on discoveries made during the first six months and with the ever prospecting program, the company expects to achieve further growth in reserves and resources through in 2008."
D.N.O mentioned repeatedly that it expects to win the license of the oil export from Iraq during 2008.

[brokerburt]

Antwort auf Beitrag Nr.: 34.306.081 von brokerburt am 15.06.08 19:58:44

Jetzt sind zwischenzeitlich mal wieder einige Monate ins Land
gegangen.

Die Manipulation des DNO-Handels in Oslo hat große Wellen geschlagen, passiert ist allerdings nichts. Es ist schon eigenartig,wenn bei jedem gehandelten Wert in Oslo im Orderbuch
der Käufer und der Verkäufer genannt werden, nur ausgerechnet
seit längerer Zeit nicht mehr hier bei der DNO.

Es finden wahrscheinlich viele Scheingeschäfte zwischen den
Maklern statt, so daß sie trotz der unveränderten Fundamental-
daten den Kurs am Donnerstag auf unter 6 NOK gebracht haben, nachdem der Kurs seit dieser vergangenen Zeit immer mehr zum
Abstürzen gebracht wurde. Die Abwärtsspirale wurde immer mehr
verstärkt durch Zwangsverkäufe, da die Norweger Aktien gern auf
Pump kaufen und durch stop-loss-Order auf diese Weise ausgebremst
werden. Auch die weitverbreitete Möglichkeit short zu gehen,
hat dabei ihr übriges getan.

Bzgl. der Exportlizenz wird mal wieder gemunkelt, daß heute am
Samstag die KRG mit der Zentral-Regierung Gespräche führt und es
nur noch um technische Probleme geht, ansonsten wird mal wieder
hervorgehoben, daß DNO zu den 4 Gesellschaften gehört, die ihren
Vertrag vor Februar 2007 von der KRG erhielten und nur die wären
legitim seitens der Zentralregierung.

Am Freitag kam es schon mal zu einer kleinen Rally. Wollen mal
sehen, ob die kommende Woche etwas mehr vom Geheimnis lüftet.

Auf ein gutes Gelingen

brokerburt

[drgold]

DNO International ASA - Release from Det norske oljeselskap
13.10.2008

Det norske oljeselskap ASA (Det norske), in which DNO International ASA holds 36.9%, today announced the following release:
"Det norske has sold Goliat to StatoilHydro

Det norske oljeselskap ASA (`DETNOR`) has sold its 15 percent interest in Goliat (PL 229, as well as PL 229B and PL 229C) to StatoilHydro. This transaction will considerably strengthen Det norske`s cash position and financial capacity.

The sales price is NOK 1.1 billion after taxes and has effect from 1 January, 2008. StatoilHydro will take over all Det norske`s obligations in the Goliat Field from this date. Hence, the total compensation will be close to 1.3 billion NOK.

Det norske has sold its interest in Goliat to further strengthen the company`s financial position and improve its ability to manage the responsibilities it plans to assume in own-operated licenses in the years to come.

Financing Growth
Erik Haugane, CEO of Det norske, is very pleased with the transaction:
- We still have a strong belief in Goliat and deem this an advantageous project for the licensees and North Norway. We have participated actively in the planning of the future development and are confident that ENI, in cooperation with StatoilHydro, will succeed in developing this project further. However, Det norske has chosen to prioritize other projects, i.e., projects related to recovery of new petroleum resources. This transaction illustrates the value in Det norske`s portfolio. Through this transaction, we have secured financing of all our plans until 2012 and enabling the company to grasp new opportunities that may occur in today`s market.

In September, Det norske submitted a Plan for Development and Operation (PDO) for Frøy. The company has planned an extensive exploration campaign for 2009, including nine operated exploration wells, and participates in a total of 12 - 14 wells.

- We will continue to be the most aggressive company on the Norwegian Shelf. Not in the least with regard to our continued efforts in the Barents Sea, where we are applying for new licenses in the 20th Licensing Round.

License Swap
Det norske is strengthening its position in the Jotun and Frøy areas by acquiring ownership in two licenses from StatoilHydro. Det norske will receive a 10 percent interest in PL 102, excluding the producing fields Skirne and Byggve. This license is located between Frøy and Jotun. In addition, Det norske receives StatoilHydro`s 57 percent interest in a carve-out area of PL 169, just south of Jotun.

In return, StatoilHydro will receive 10 percent in PL 265, where Det norske will keep a remaining interest of 20 percent.

The transaction is subject to approval from the Norwegian government

IR Contacts:
Erik Haugane, CEO, tel. [phone]
Knut Evensen, Vice President Investor Relations, tel. [phone]


About Det norske:

Det norske is the second-largest operating company on the Norwegian Continental Shelf with 24 operatorships and interests in a total of 46 licenses. In 2008, the company will participate in the drilling of eight to nine exploration wells, whereof three as operator. Det norske`s scope
of activities is limited to the Norwegian Continental Shelf (NCS).
Det norske currently employs a staff of more than 120, and the strong growth rate continues. The company`s registered office is located in Trondheim. Headquarter functions are divided between Oslo and Trondheim. The company also has offices in Harstad and Stavanger.
Det norske oljeselskap (`DETNOR`) emerged as a result of the combination between Pertra and DNO`s Norwegian operations.

[Turbo23]

Antwort auf Beitrag Nr.: 35.570.552 von drgold am 15.10.08 02:50:31

Iraq says it has given no export license to DNO
http://www.finanznachrichten.de/nachrichten-2008-10/artikel-…