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DNO International ASA (DTNOF/DTNOF.PK) Wrap Up:

DNO International ASA, an independent petroleum company, engages in the acquisition, exploration, development, and operation of oil and natural gas properties. It operates exploration licenses and producing assets in Yemen, the Kurdistan region of Iraq, the United Kingdom North Sea, Equatorial Guinea, Mozambique, and Syria. As of December 31, 2008, the company had estimated reserves of 162.6 million barrels of oil equivalents. It was formerly known as DNO ASA and changed its name to DNO International ASA in November 2007. DNO International ASA was founded in 1971 and is headquartered in Oslo, Norway.
www.dno.no
496 Employees
Founded in 1971

DNO International ASA (DTNOF:Pink OTC Markets Inc)

LAST $0.85 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of November 19, 2009 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of DNO International ASA (DTNOF)

OPEN
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PREVIOUS CLOSE
$0.85
DAY HIGH
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DAY LOW
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52 WEEK HIGH
05/29/09 - $1.35
52 WEEK LOW
12/23/08 - $0.51
MARKET CAP
726.6M
AVERAGE VOLUME 3 mo
1.7K
DILUTED EPS TTM
--
SHARES OUTSTANDING
854.9M
DTNOF Does Not Pay Dividends
P/E TTM
NM
K = Thousands  M = Millions  B = Billions

DTNOF Top Compensated Officers

Mr. Helge Eide
President and Managing Director
Age: 55
Total Annual Compensation: $4.2M
Mr. Haakon Sandborg
Chief Financial Officer
Age: 51
Total Annual Compensation: $2.2M
Mr. Ivar Brandvold
Chief Operating Officer
Age: 53
Total Annual Compensation: $2.7M
Mr. Magne Normann
Project Director, Managing Director of Iraq A...
Total Annual Compensation: $3.3M
Mr. Tore Lilloe-Olsen
Head of Exploration
Age: 53
Total Annual Compensation: $2.2M

Executives, Board Directors

Compensation as of Fiscal Year 2008.

Key developments for DNO International ASA (DTNOF)

DNO International ASA expected to Report Fiscal Year 2009 Results on February 15, 2010. This event was calculated by Capital IQ (Created on November 5, 2009).

DNO International ASA expected to Report Fiscal Year 2009 Results on February 15, 2010. This event was calculated by Capital IQ (Created on November 5, 2009).

DNO International ASA to Report Q3, 2009 Results on November 11, 2009

DNO International ASA announced that they will report Q3, 2009 results on November 11, 2009.

DNO International ASA Reports Production Results for the Third Quarter 2009

DNO International ASA reported production results for the third quarter 2009. For the quarter, the company reported interest production was 44,578 bopd in third quarter. The company's net entitlement production increased from 11,753 bopd in second quarter to 29,783 bopd in third quarter. The company's working interest (WI) production from Yemen in third quarter 2009 was 7,542 bopd and DNO's net entitlement production was 4,987 bopd. Average realized oil price for the Yemen net entitlement production in third quarter was 69 USD/bbl. The decline of oil production from the Yemen fields has to a high extent been compensated by well optimization work and effect of new infill wells. A small repair of the export pipe line from the Block 32 Tasour field caused shut-in of oil shipment to the terminal for 3 days in September. Further optimization of the permanent remote process and export facilities at the Bayoot field in Block 53 is ongoing. The production rate from the Bayoot wells has improved after the installation of down-hole pumps in the wells, and has been averaging at approximately 3,855 (gross) in the third quarter production from Yemen is reported as follows: (Bopd) Jul-09 Aug-09 Sep-09 third quarter 2009 YTD-09 Gross production 17,918 18,959 18,736 18,535 18,701 DNO's working interest (WI) 7,396 7,694 7,536 7,542 7,780 DNO's net entitlement (NE) 4,675 5,149 5,143 4,987 5,567 Achieved oil price (USD/bbl) 66 73 69 69 57 The production figures include crude oil consumed in the operation of the company's production facilities, at an accumulated volume of 295 bopd in third quarter 2009. Tawke production. The company's working interest (WI) production from the Tawke field in Kurdistan in third quarter 2009 was 37,036 bopd and DNO's net entitlement production was 24,796 bopd. Production from Tawke is reported as follows: (Bopd) Jul-09 Aug-09 Sep-09 third quarter 2009 YTD-09 Total gross production 42,006 50,248 30,886 41,157 18,226 DNO's working interest (WI) 37,791 45,223 27,797 37,036 16,403 DNO's net entitlement (NE) 25,303 30,240 18,645 24,796 10,973. The production figures include crude oil consumed in the operation of the Company's production facilities, at an accumulated volume of 108 bopd in third quarter 2009. Gross production in third quarter was 41,157 bopd. Out of total gross production, gross export volume from Tawke was 34,634 bopd. Local sale of crude oil to the domestic market in third quarter contributed with 6,387 bopd.

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DTNOF Competitors

Company Last Change
Egdon Resources 13.75 GBX 0.00
Hardy Oil & Gas 250.00 GBX -2.00
Indago Petroleum Ltd $0.55 USD 0.00
Melrose Resources 321.00 GBX -12.00
Market data is delayed at least 20 minutes.

Industry Analysis

Valuation DTNOF Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 4.2x
Price/Book 3.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.3x

DTNOF

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DTNOF transactions

Type
Date
Target
Merger/Acquisition
October 12, 2009
Det Norske Oljeselskap ASA
Merger/Acquisition
August 24, 2009
Det Norske Oljeselskap ASA
Buyback
June 18, 2009
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