DNO International ASA - Forth quarter 2009 Production Report


("DNO" or "the Company")

 

DNO is today reporting working interest production for the month of December and the fourth quarter 2009.

 

DNO's working interest production in December 2009 was 14,744 bopd, In the fourth quarter 2009 the working interest production was 13,581 bopd.



PRODUCTION REPORT


Yemen production


DNO's working interest (WI) production from Yemen in fourth quarter 2009 was 7,655 bopd and DNO's net entitlement production was 4,738 bopd. Average realized oil price in the quarter was 76 USD/bbl.


Production from Yemen is reported as follows:

(Bopd)

Q3 2009

Q4 2009

Dec 2009

YTD-09

Gross production

18,535

19,237

18,962

18,836

DNO's working interest (WI)

7,542

7,655

7,543

7,749

DNO's net entitlement (NE)

4,987

4,738

4,913

5,358

Achieved oil price (USD/bbl)

69

76

75

61






The production figures include crude oil consumed in the operation of the Company's production facilities, at an accumulated volume of 270 bopd in fourth quarter 2009 and 277 bopd in December 2009.


Iraq production


DNO's working interest (WI) production from Kurdistan in fourth quarter 2009 was 5,926 bopd and DNO's net entitlement production was 3,959 bopd.


Production from Tawke is reported as follows:

 (Bopd)

Q3 2009

Q4 2009

Dec 2009

YTD-09

Total gross production

41,157

6,584

8,002

15,291

DNO's working interest (WI)

37,036

5,926

7,201

13,762

DNO's net entitlement (NE)

24,796

3,959

4,821

9,186


The production figures include crude oil consumed in the operation of the Company's production facilities, at an accumulated volume of 30 bopd in fourth quarter 2009 and 66 bopd  in December 2009.



SUMMARY OF DRILLING AND TESTING ACTIVITIES

The drilling operation of the Block 43 Nabrajah-10s/S2 well is in progress. Following drilling of a pilot hole into Shuqra formation dolomite and Basement, the drilling of a 800 meter horizontal section has now commenced. The well is planned to be completed as a Nabrajah producer.


The drilling operation of the Block 53 Bayoot-7 Basement development well is now completed. A 650 meter  section has been drilled in the fractured basement reservoir and the forward plan is to complete the well as a Bayoot basement producer.

The Sindy-1 rig was mobilized and moved to Erbil PSC during January. Testing of Erbil-2 well is expected to commence in ultimo January 2010.



DNO International ASA

21 January, 2010


This information is subject of the disclosure requirements acc. to ยง5-12 vphl (Norwegian Securities Trading Act)