11.05.2005
DNO ASA - Interim Results - First Quarter 2005
DNO shall create values from smart exploration, cost effective field developments and high margin production. During the first quarter of 2005 DNO achieved an operating profit of NOK 212.8 million and a net profit of NOK 143.8. The 2 P reserves increased by 54 % at cost less than one USD per barrel, and DNO delivered a reserve replacement ratio of 1 200 % during the first quarter. These achievements clearly demonstrate that the revised strategy is already adding new values to our shareholders.
Read more