DNO International Hits 100,000 Barrels a Day Milestone at Tawke Field
Oslo, 23 May 2013 -- DNO International ASA ("DNO International"), the Norwegian oil and gas company, announced today that oil production from the Tawke field in the Kurdistan Region of Iraq has averaged over 100,000 barrels a day during the previous 72 hours as the Company conducts well and pipeline deliverability tests following its 2012 drilling program and facilities upgrades.
"We are very pleased with the performance of the field," said Bijan Mossavar-Rahmani, DNO International's Executive Chairman. "Having met this first deliverability milestone, we continue to reinvest to double Tawke production capacity."
DNO International holds a 55 percent interest in and operates the Tawke license. Genel Energy plc holds 25 percent and the Kurdistan Regional Government the remaining 20 percent interest.
--- DNO International ASA is an Oslo-listed, Middle East and North Africa focused, oil and gas company holding stakes in 18 licenses in various stages of exploration, development and production both onshore and offshore in the Kurdistan Region of Iraq, the Republic of Yemen, the Sultanate of Oman, the United Arab Emirates, the Tunisian Republic and Somaliland. http://www.dno.no ---
Oslo, 23 May 2013
DNO International ASA
Queries: Bjørn Dale (email@example.com or tel: +47 909 79 889)
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)