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DNO ASA ( (GB:0MHP) ) has issued an announcement.
DNO ASA has reported a mixed performance in its Q4 2024 results, with a decline in gross operated production in Kurdistan compared to the previous quarter, but an increase in the North Sea. The company has successfully sold its share of crude oil locally due to the continued closure of the Iraq-Türkiye Pipeline, ensuring cash flow stability. North Sea exploration activities yielded two new discoveries, enhancing DNO’s asset portfolio, while a third well remains under exploration. The company also announced a dividend payment and tax obligations, reflecting its financial commitments.
More about DNO ASA
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 regions including the Kurdistan region of Iraq, Norway, the United Kingdom, Côte d’Ivoire, Netherlands, and Yemen.
YTD Price Performance: 15.17%
Average Trading Volume: 294,994
Technical Sentiment Consensus Rating: Sell
Current Market Cap: NOK11.86B
See more insights into 0MHP stock on TipRanks’ Stock Analysis page.
