Oslo, 26 April 2018 – DNO ASA, the Norwegian oil and gas operator, today announced expansion and acceleration of operations in the Kurdistan region of Iraq while building up its North Sea exposure. First quarter revenues, the highest in nearly four years, stood at USD 142 million and net profit at USD 18 million. The Company exited the quarter with cash balances of USD 518 million plus USD 76 million in treasury shares and marketable securities.
DNO Expands and Accelerates Kurdistan Operations While Building Up North Sea Exposure; Reports Robust First Quarter 2018 Results
by GlobeNewsWire | Apr 26, 2018 | Globe Newswire