Last 16.75 NOK
Change Today +0.02 / 0.12%
Volume 5.9M
DNO On Other Exchanges
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As of 10:25 AM 01/27/15 All times are local (Market data is delayed by at least 15 minutes).

dno asa (DNO) Snapshot

Open
16.70 NOK
Previous Close
16.73 NOK
Day High
17.10 NOK
Day Low
16.54 NOK
52 Week High
03/5/14 - 25.04 NOK
52 Week Low
12/16/14 - 12.65 NOK
Market Cap
17.1B
Average Volume 10 Days
5.2M
EPS TTM
-0.02 NOK
Shares Outstanding
1.0B
EX-Date
05/9/06
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for DNO ASA (DNO)

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dno asa (DNO) Details

DNO ASA acquires, explores for, develops, and operates oil and gas properties primarily in the Middle East and North Africa. The company holds stakes in 20 licenses 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. As of December 31, 2013, its proven and probable reserves consisted of 507.1 million barrels of oil, including condensate and other liquids; and 195.4 billion cubic feet of natural gas. The company was formerly known as DNO International ASA and changed its name to DNO ASA in June 2014. DNO ASA was founded in 1971 and is headquartered in Oslo, Norway.

977 Employees
Last Reported Date: 04/30/14
Founded in 1971

dno asa (DNO) Top Compensated Officers

Acting President, Acting Managing Director, G...
Total Annual Compensation: 3.7M NOK
Chief Financial Officer and Vice President
Total Annual Compensation: 2.5M NOK
Director of Human Resources
Total Annual Compensation: 2.7M NOK
Vice President of Operations
Total Annual Compensation: 3.1M NOK
Vice President of Exploration
Total Annual Compensation: 2.9M NOK
Compensation as of Fiscal Year 2013.

dno asa (DNO) Key Developments

DNO ASA Reports Unaudited Consolidated Earnings and Production Results for the Third Quarter and Nine Months Ended September 30, 2014

DNO ASA reported unaudited consolidated earnings and production results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported sales of $115.7 million compared to $135.2 million a year ago. Loss from operating activities was $40.7 million compared to profit from operating activities of $63.6 million a year ago. Net loss was $41.6 million compared to net profit of $47.0 million a year ago. EBITDA was $58.1 million compared to $93.8 million a year ago. Acquisition and development costs were $52.1 million compared to $73.0 million a year ago. Loss before income tax was $40.2 million compared to profit before income tax of $61.1 million a year ago. Net cash from operating activities was $25.0 million compared to $63.0 million a year ago. Purchases of intangible assets were $2.4 million compared to $3.0 million a year ago. Purchases of tangible assets were $49.7 million compared to $70.0 million a year ago. For the nine months, the company reported sales of $371.9 million compared to $369.4 million a year ago. Profit from operating activities was $43.6 million compared to profit from operating activities of $173.6 million a year ago. Net profit was $26.4 million or $0.07 per basic and diluted share compared to net profit of $125.1 or $0.12 per basic and diluted share million a year ago. EBITDA was $238.2 million compared to $253.2 million a year ago. Acquisition and development costs were $234.8 million compared to $218.1 million a year ago. Profit before income tax was $32.6 million compared to $165.1 million a year ago. Net cash from operating activities was $167.1 million compared to $188.8 million a year ago. Purchases of intangible assets were $2.9 million compared to $30.9 million a year ago. Purchases of tangible assets were $227.4 million compared to $187.2 million a year ago. For the quarter, the company reported total production of 124,396 boepd compared to 92,519 boepd a year ago. Net entitlement production was 33,264 boepd compared to 22,257 boepd a year ago. For the nine months, the company reported sales of 114,168 boepd compared to 72,756 boepd a year ago. Net entitlement production was 29,796 boepd compared to 20,692 boepd a year ago.

DNO ASA Announces Operating Results for the Third Quarter and Earnings Results for the Third Quarter and Nine Months of Fiscal 2014

DNO ASA announced operating results for the third quarter and earnings results for the third quarter and nine months of fiscal 2014. For the quarter, the company announced gross production of 124,396 barrels of oil equivalent per day (boepd) on the strength of uninterrupted operations at its Tawke field in the Kurdistan region of Iraq. Increasing volumes of Tawke oil were directed from local sales to exports through Ceyhan, Turkey during the quarter by the Kurdistan Regional Government which announced that a payment of USD 75 million would be made to the producing companies towards their share of exports. For the quarter, the company announced that the reduction in local Kurdistan sales contributed to a drop in third quarter operating cash flow to USD 25 million. The company recorded an operating loss of USD 41.6 million on third quarter operating revenue of USD 115.7 million following a one-off charge for impairments as it continues to cut costs and high grade its portfolio. Absent this charge, operating profit would have totaled USD 3.8 million during the quarter. For the nine months, the company announced operating profit of USD 43.6 million.

DNO ASA Appoints Jeroen Regtien as Chief Operating Officer, Effective January 1, 2015

DNO ASA announced the appointment of Jeroen Regtien as Chief Operating Officer based in Dubai, effective 1 January 2015. Regtien comes to DNO from Royal Dutch Shell Plc, where he has had extensive international exploration and production experience, including in the Middle East. His most recent position was Country Chairman and Managing Director for Shell Egypt. Between 2008-11, Regtien served as Vice President for Hydrocarbon Recovery Technologies, Innovation Research and Development, based in the Netherlands.

 

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Industry Analysis

DNO

Industry Average

Valuation DNO Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 11.2x
Price/Book 6.6x
Price/Cash Flow NM Not Meaningful
TEV/Sales 29.7x
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