Annual Statement of Reserves (ASR)
DNO ASA ("DNO") today files its first ASR under the new Oslo Stock Exchange regulations related to disclosure of hydrocarbon reserves.
During the presentation the given to the market on 14.02.2007, DNO reported preliminary P50 reserves and resources as of 31.12.06 of 151 million barrels oil equivalents.
The total remaining P50 reserves for DNO as of 31.12.2006 are now estimated to 79,7 million barrels of oil equivalents. These volumes correspond to class 1-3.
In addition, 48,8 million barrels are estimated as contingent resources in class 4-5. Resources under evaluation (class 7) are estimated to 22,5 million barrels of oil equivalents. The ASR report does not include Class 7 resources.
In summary, the estimate for total P50 reserves and resources for DNO as of 31.12.2006 is 151 million barrels of oil equivalents, as previously communicated.
(P50 figures)
Reserves (class 1-3), mill. boe 79,7
Contingent resources (class 4-5), mill. boe 48,8
Total reported in ASR report, mill boe 128,5
Resources (class 7), mill. boe 22,5
Total reserves and resources, mill. boe 151,0
DNO ASA
30 March 2007
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Contacts:
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Media: |
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Helge Eide, MD DNO ASA |
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+47 23 23 84 80 |
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Ketil Jørgensen, Crux Communication (Norway) |
Telephone |
+47 930 36 866 |
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Ben Willey, Buchanan Communications (UK) |
Telephone:
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+44 207 466 5000 |
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Investor Relations: |
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Haakon Sandborg, CFO DNO ASA |
Telephone: |
+47 23 23 84 80 |
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Robert Arnott, Advisor (UK) |
Telephone |
+44 207 839 7764 |