Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last 9.04 NOK
Change Today +0.465 / 5.43%
Volume 12.2M
As of 10:25 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

dno asa (DNO) Snapshot

Open
9.00 NOK
Previous Close
8.57 NOK
Day High
9.29 NOK
Day Low
8.63 NOK
52 Week High
09/19/14 - 21.14 NOK
52 Week Low
08/24/15 - 6.82 NOK
Market Cap
9.8B
Average Volume 10 Days
9.0M
EPS TTM
-0.36 NOK
Shares Outstanding
1.1B
EX-Date
05/9/06
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for DNO ASA (DNO)

Related News

No related news articles were found.

dno asa (DNO) Related Businessweek News

View More BusinessWeek News

dno asa (DNO) Details

DNO ASA, an exploration and production company, acquires, explores for, develops, and operates oil and gas properties primarily in the Middle East and North Africa. The company holds stakes in 20 blocks in various stages of exploration, development, and production both onshore and offshore in the Kurdistan region of Iraq, the Republic of Yemen, the Sultanate of Oman, the United Arab Emirates, the Tunisian Republic, and Somaliland. It primarily holds interest in the Tawke field project located in the Kurdistan region of Iraq. As of December 31, 2014, the company’s proven and probable reserves consisted of 483.6 million barrels of oil equivalent comprising 480.5 million barrels of condensate and other liquids; and 17.5 billion cubic feet of natural gas. DNO ASA was founded in 1971 and is headquartered in Oslo, Norway.

1,107 Employees
Last Reported Date: 03/20/15
Founded in 1971

dno asa (DNO) Top Compensated Officers

Managing Director
Total Annual Compensation: $870.0K
Chief Financial Officer and Vice President
Total Annual Compensation: $430.0K
General Counsel
Total Annual Compensation: $90.0K
Director of Human Resources
Total Annual Compensation: $450.0K
Vice President of Operations
Total Annual Compensation: $520.0K
Compensation as of Fiscal Year 2014.

dno asa (DNO) Key Developments

DNO ASA Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015 and Production Results for the Second Quarter 2015

DNO ASA reported consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company’s sales were $54.8 million against $143.4 million a year ago. Loss from operating activities was $23.3 million against profit from operating activities was $54.6 million a year ago. Loss before income tax was $39.2 million against profit before income tax $46.6 million a year ago. Net loss for the period was $39.9 million compared with net profit for the period was $44.4 million a year ago. Net loss attributable to equity holders of the parent was $39.9 million or $0.04 basic and diluted per share against net profit attributable to equity holders of the parent was $44.4 million or $0.04 basic and diluted per share a year ago. Net cash used in operating activities was $52.0 million against net cash from operating activities was $57.5 million a year ago. Purchases of tangible assets were $13.3 million against $98.4 million a year ago. For the six months, the company’s sales were $80.8 million against $256.2 million a year ago. Loss from operating activities was $92.5 million against Profit from operating activities was $84.2 million a year ago. Loss before income tax was $112.4 million against profit before income tax was $72.8 million a year ago. Net loss attributable to equity holders of the parent was $114.1 million or $0.11 basic and diluted per share against net profit attributable to equity holders of the parent was $68.1 million or $0.07 basic and diluted per share a year ago. Net loss was $114.1 million compared with net profit was $68.1 million a year ago. Net cash used in operating activities was $45.6 million against net cash from operating activities was $146.6 million a year ago. Purchases of tangible assets were $48.7 million against $177.7 million a year ago. Purchases of intangible assets were $0.1 million against $5.0 million a year ago. For the quarter, the company's production output in second quarter 2015 averaged 153,346 barrels of oil equivalent per day (boepd), up 46% from the first quarter of 2015.

DNO ASA Announces Production from Tawke Field in the Kurdistan Region of Iraq

DNO ASA announced that production from its Tawke field in the Kurdistan region of Iraq continued uninterrupted during shut down of the Kirkuk-Ceyhan pipeline in Turkey, given the flexibility to redirect volumes from exports to local sales. Prior to the pipeline disruption, Tawke production in the third quarter to date averaged 157,000 barrels of oil per day (bopd), of which 134,000 bopd was transferred to the Kurdistan Regional Government for export at the latter's instruction and 20,000 bopd was sold into the local market by DNO. Another 3,500 bopd continues to be processed at the company's Tawke refinery. In the second quarter of 2015, 118,000 bopd of Tawke production was transferred to the Kurdistan Regional Government at Fish Khabur for export, 31,000 bopd sold by DNO into the local market and 3,500 bopd processed at the Tawke refinery. Overall second quarter field output was up nearly 50% from the first quarter.

DNO ASA Announces Contemplated Bond Issue

DNO ASA announced that it is contemplating the issuance of USD 400-500 million of new, five-year senior unsecured bonds. The net proceeds from the contemplated bond issue would be used to refinance existing bonds, fund field development costs or for other general corporate purposes.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
DNO:NO 9.04 NOK +0.465

DNO Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Dana Gas PJSC 0.54 AED +0.02
Genel Energy Plc 355.75 GBp +24.25
Hunting PLC 518.00 GBp +27.60
Ophir Energy PLC 96.85 GBp +2.85
Soco International PLC 154.00 GBp +17.00
View Industry Companies
 

Industry Analysis

DNO

Industry Average

Valuation DNO Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.9x
Price/Book 2.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.7x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact DNO ASA, please visit www.dno.no. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.