Sanksjoner fra us er nok nære nå, tålmod går mot slutt. Kjør hårdt.

Iraqi Prime Minister Mohammed Shia' al-Sudani on Sunday chaired a meeting with major international oil companies operating in the country.

Rudaw on Twitter, 10minutes ago.

DNO økte produksjonen
Det norske oljeselskapet DNO, med produksjon i Kurdistan og Nordsjøen, økte produksjonen i årets første kvartal.

Bruttoproduksjonen var på 82.081 fat per dag i Kurdistan, opp fra 74.163 fat per dag kvartalet før.

I Nordsjøen var bruttoproduksjonen på 8864 fat per dag, opp fra 6602 fat.

Net entitlement-produksjonen, som er DNOs andel tilgjengelig for salg, var på 18.464 fat per dag i Kurdistan og 19.296 fat per dag i Nordsjøen.

https://www.rudaw.net/english/kurdistan/240420253

Ja nå er det bare betalingen så da skulle en tro den skal oppover etter en liten dump som jeg har klart å snitte ned kursen minn.

https://x.com/zoomnewskrd/status/1916458863307391122 Good progress has been made towards an agreement to resume oil exports between the Iraqi government, the Kurdistan Regional Government (KRG), and international oil companies, KRG Natural Resources Minister Kamal Mohammed said, adding that talks will continue this week as companies seek guarantees on contracts and payments for 12 million barrels previously handed to Baghdad.


kevc67

27/4/2025 13:49

https://www.rudaw.net/english/kurdistan/2704202527 ERBIL, Kurdistan Region - The Iraqi government has yet to pay oil companies based in the Kurdistan Region for the over 12 million barrels of oil they have been sending for more than two years, the Region's acting natural resources minister said on Sunday, calling on Baghdad to provide guarantees to the companies. Oil exports from the Kurdistan Region through the Iraq-Turkey pipeline have been suspended since March 2023 after a Paris-based arbitration court ruled in favor of Baghdad against Ankara, saying the latter had violated a 1973 pipeline agreement by allowing Erbil to begin exporting oil independently in 2014. "According to the oil ministry's request, since June 25, 2023, we have been delivering our oil to the oil ministry. Over 12 million barrels have been sent, and the oil ministry has not paid a single dinar or dollar to the [oil] companies," Kamal Mohammed, the Kurdistan Regional Government's (KRG) acting natural resources minister, told reporters in Sulaimani. He expressed concern and lamented that Baghdad has not provided the guarantees requested by the oil companies. Despite ongoing talks between Erbil, Baghdad, Ankara, and oil producers - with added pressure from the United States - the exports remain stalled, with their suspension costing Iraq billions of dollars in revenue.The minister explained that the oil companies do not want their contracts to be altered. "The companies now say that since our contracts are valid according to the federal government and international law, they must be implemented accordingly," Mohammed said. "One of their demands is that their contracts must not be altered." On Sunday, oil producers in the Kurdistan Region called for increased efforts to resume Kurdish oil exports, regretting that "engagements thus far have been limited and unproductive" with the Iraqi government, despite Baghdad publicly stating that it is in favor of the resumption."We regret the lack of progress, nevertheless we will continue to push for a resumption [of] oil exports," said Myles Caggins, spokesperson for the Association of the Petroleum Industry of Kurdistan (APIKUR). In early April, APIKUR said that their investments have been "fundamentally harmed" by the closure of the pipeline and that they are in a "hurry" to resume the oil exports, for which they have been "at forefront to push negotiations with Baghdad." In early February, the Iraqi parliament approved amendments to the federal budget law, authorizing a $16-per-barrel fee for production and transport costs in the Kurdistan Region - a move seen as a crucial step toward restarting exports.The amendments also require both the federal government and the KRG to establish an international technical consultancy within 60 days to assess production and transportation costs for oil fields in the Kurdistan Region. If an agreement cannot be reached, the federal council of ministers will appoint the consultancy.

Ja, blir aldri enighet mellom kamelfolket. De burde bare pakke sammen exportrøret og glemme hele greia !

Two Years After the Pipeline Shutdown: Where Do KRG’s Oil Exports Stand?

https://thenationalcontext.com/kurdistan-oil-exports-two-year-on/

Motstrøms i dag, olja går ned DNO går opp ;-)

Oljeprisen er det lite å gjøre noe med. Det positive, synes jeg, er at APIKUR nå sist søndag virker litt mer klar i sin kritikk av manglende fremgang hva gjelder åpning av eksport via Tyrkia. Slik jeg forstår RUDAW artikkel i går er utenriksministeren i USA. Der uttaler han at de "will make every effort" for å få gjenåpnet linjen når de returnerer til Iraq. Vi har hørt mange uttalelser i samme retning tidligere, men nå synes jeg det "hardner" til, dvs det blir verre og verre for Iraq især å ikke gjøre noe. Jeg antar at den siste uttalelsen også henger sammen med press fra USA i saken i forbindelse med dette møtet. Jeg "lukter" litt fremgang her.

Vad pratade du om aktien är ner nästan 2 procent, oljan inte alls mycket ner

Då är vi tillbaka i ökande oljepris o fallande kurser i dno. Mygel börsen i Oslo förnekar så g inte

Mandag skal nok olja kraftig ned. Vet ikke hva som kan løfte oljeprisen nå.

Og ingen export i rør så langt øye kan se men det har jeg jo sagt heletiden.

ChatGPT:
DNO ASA skal presentere sine resultater for første kvartal 2025 den 15. mai kl. 07:00 CET, med en påfølgende investorpresentasjon kl. 14:00 CET. Basert på tilgjengelig informasjon og nylige oppdateringer, er det flere faktorer som kan påvirke vurderingen av DNO-aksjen før denne rapporteringen. 

📊 Forventninger til Q1 2025
• EPS-forventning: Analytikere estimerer en inntjening per aksje (EPS) på 0,02 USD for Q1 2025, tilsvarende resultatet fra samme kvartal året før. 
• Produksjon: DNO rapporterte en økning i brutto operert produksjon i Kurdistan til 82 081 fat oljeekvivalenter per dag (boepd), opp fra 76 310 boepd året før. I Nordsjøen var produksjonen 8 864 boepd. 
• Utbytte: Selskapet utbetalte et kvartalsutbytte på 0,3125 NOK per aksje, tilsvarende 1,25 NOK årlig, med en total utbetaling på 27,4 millioner USD. 

🔍 Strategiske og finansielle bevegelser
• Oppkjøp: I mars annonserte DNO oppkjøpet av Sval Energi, med en innbetaling av et depositum på 22,5 millioner USD. Transaksjonen forventes fullført i midten av 2025. 
• Finansiering: Selskapet gjennomførte en emisjon av femårige senior usikrede obligasjoner på 600 millioner USD og innløste obligasjonen DNO04 før forfall, noe som ikke påvirket kontantstrømmen i Q1. 

📈 Aksjekurs og analytikervurderinger
• Aksjekurs: Per 14. mai 2025 handles DNO-aksjen til 12,77 NOK, med en oppgang på 9,84 % hittil i år og 21,99 % siden årsskiftet. 
• Analytikervurderinger: Pareto Securities har økt kursmålet til 20 NOK og opprettholdt en kjøpsanbefaling, mens DNB Markets har nedjustert til “Hold” med et kursmål på 15 NOK. 

🧭 Vurdering før Q1-presentasjonen

DNO viser en solid operasjonell utvikling med økt produksjon og stabile utbytter. Oppkjøpet av Sval Energi og refinansieringen indikerer en offensiv vekststrategi. Imidlertid kan usikkerheten knyttet til den lukkede Irak-Tyrkia-rørledningen, som påvirker eksporten fra Kurdistan, representere en risiko. 

For investorer kan det være hensiktsmessig å følge med på:
• Detaljerte finanstall: Spesielt kontantstrøm og gjeldsnivå etter obligasjonsutstedelsen.
• Oppdateringer om Sval Energi-oppkjøpet: Fremdrift og forventet synergi. 
• Status for eksportinfrastruktur i Kurdistan: Eventuelle signaler om gjenåpning av rørledningen.
• Markedsreaksjoner: Tidligere har DNO-aksjen vist volatilitet rundt kvartalsrapporteringer, med kursendringer på opptil ±6 %.

Gitt dagens aksjekurs og selskapets strategiske initiativer, kan DNO være attraktiv for investorer med en moderat risikoprofil og interesse for olje- og gass-sektoren. Det anbefales å følge med på Q1-presentasjonen for ytterligere innsikt.

Etter siste dagers brudd opp, har aksjen oppside nå mot motstandsnivå omkring 14,2 kroner.

DNO Reports Solid First Quarter Results; Prepares Deeper Dive into Norwegian Waters
Oslo, 15 May 2025 - DNO ASA, the Norwegian oil and gas operator, today reported
first quarter 2025 operating profit of USD 28 million on the back of USD 188
million in revenues, both showing a quarter-on-quarter increase.

In a quarter marked by the announcement of its transformative USD 1.6 billion
acquisition of Norway's Sval Energi Group AS, DNO continued to deliver strong
operational performance. Net production rose eight percent to 84,200 barrels of
oil equivalent per day (boepd), to which Kurdistan contributed 61,600 boepd,
North Sea 19,300 boepd and West Africa 3,400 boepd.

In the flagship Kurdistan Tawke license (DNO 75 percent and operator),
production increased 11 percent quarter-on-quarter. Continuing strict capital
discipline since the closure of the Iraq-Türkiye export pipeline, the Company
stabilized, even raised, production from existing wells through rigless
interventions. Output from similar reservoirs typically decline 15-20 percent
per year.

DNO's share of oil production was sold at its Fish Khabur terminal to local
buyers at USD 35 per barrel with payments made in advance. Tawke license sales
averaged USD 20 million net to DNO per month, generating around USD 10 million
of free cash flow.

"In Kurdistan we are doing a remarkable job keeping up production with minimal
investment," said DNO Executive Chairman Bijan Mossavar-Rahmani. "If a Norwegian
company can accomplish this in the Middle East, we should replicate such
efficiencies on our home surf whether we operate the permits or not", he
observed. "As we prepare to close the Sval acquisition around midyear," Mr.
Mossavar-Rahmani added, "DNO will pivot hard to the Anglo-Saxon culture of the
early years of the Norwegian oil industry: faster, cheaper, better."

The Company kept up its successful exploration pace offshore Norway with two
discoveries in the last quarter, Kjøttkake (40 percent and operator) and Mistral
(10 percent), together adding recoverable resources of 26 million barrels of oil
equivalent (MMboe) net to the Company.

When the Sval acquisition is closed, DNO's North Sea proven and probable (2P)
reserves will quadruple to 189 MMboe and 2C resources climb to 246 MMboe from
144 MMboe, all on a yearend 2024 basis. North Sea production also quadruples to
80,000 boepd. The acquisition turns the North Sea into the biggest contributor
to DNO's net production with some 60 percent of the total and DNO will rank in
top ten among producers in Norway.

Following the Sval announcement in early March, the Company completed a USD 600
million bond placement a week later, DNO's 20th successful bond issue in 24
years.

On the back of the bond issue, DNO exited the quarter with cash deposits of USD
1,473 million. However, deposits were reduced following the end of the quarter
by the early redemption of the DNO04 bond (outstanding amount of USD 350
million) in April.

Given the continuing operational performance and strength of the balance sheet,
the Board of Directors has authorized a dividend payment of NOK 0.3125 per share
payable in June, representing NOK 1.25 per share on an annualized basis.

A videoconference call with executive management is scheduled today at 14:00
(CET). To access the call, please visit www.dno.no.


Key figures

Q1 2025 Q4 2024 Full-Year 2024

Gross operated production (boepd) 90,945 80,765 80,280

Net production (boepd) 84,232 77,646 77,269

Revenues (USD million) 188 177 667

Operating profit/-loss (USD million) 28 -82 6

Net profit/-loss (USD million) -4 -98 -27

Free cash flow (USD million) -19 -5 59

Net cash/-debt (USD million) 43 99 99


-

For further information, please contact:
Media: media@dno.no
Investors: investor.relations@dno.no

-

DNO ASA is a Norwegian oil and gas operator active in the Middle East, the North
Sea and West Africa. Founded in 1971 and listed on the Oslo Stock Exchange, the
Company holds stakes in onshore and offshore licenses at various stages of
exploration, development and production in the Kurdistan region of Iraq, Norway,
the United Kingdom, Côte d'Ivoire and Yemen. More information is available at
www.dno.no

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Oslo Stock Exchange
Disclaimer, copyright notice and pr

https://norwaystocks.substack.com/p/watchlist-update-dno-dnool-5c6

Watchlist Update: DNO (DNO.OL)
Kurdistan Delivers Steady FCF – Sval Deal Seen Unlocking Further Upside

DNO Q1 2025: Key Takeaways
A quarter of solid execution, strategic progress, and growing investor appeal

https://norwaystocks.substack.com/p/dno-q1-2025-key-takeaways