The DNO Group has achieved considerable growth in its oil production and petroleum reserves during the past 3 years. The company is also planning a listing on the AIM in London during the spring of 2003.
DNO has therefore appointed the investment bank Lehman Brothers to undertake a strategic review of the future development of the company.
The conclusions of the strategic review are intended to optimise the license portfolio, and this may lead to disposal, farm-out or swap of licenses. The overall objective of this process is to maximize shareholder value over time.