DNO is pleased to announce the production for March 2007:
March Production:
Working Interest
DNO's oil production (WI) for 1st quarter, March 07 and February 07 was as follows (bopd):
The March production was maintained at the same level as for the previous month.
Towards the end of February, a new production well was brought on stream on the Nabrajah Field at an initial gross flow rate of 1,450 bopd (940 bopd net to DNO, on pre-tax basis). Several new wells are planned to be drilled at the field during 2007.
In Block 32 the joint venture group has secured an additional drilling rig for a three well program which will be assigned to development drilling on the Godah field. Drilling of Godah #5 commenced on 11 April and will follow on with Godah #6 and #7.
Net Entitlement
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March 07 |
February 07 |
1st Quarter 07 |
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Norway |
830 |
835 |
861 |
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Yemen |
8,546 |
8,580 |
8,645 |
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Total |
9,376 |
9,415 |
9,502 |
The production figures (WI and net entitlement) include crude oil consumed in the operation of the Tasour Field, at a volume of approximately 170 bopd.
DNO ASA
April 17, 2007
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Contact:
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Media: |
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Helge Eide, MD DNO ASA |
Telephone: |
+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 |