RAK Petroleum has informed the Board of DNO that they are further interested in purchasing for cash, at a meaningful premium to the current market price, substantially all the treasury shares held by DNO together with any rights of issuance.
The Board appreciates the interest shown in the company.
After the recent sale of DETNOR shares, DNO`s capital position is satisfactory and the Board has no plans to sell any treasury shares at this time.
Board of Directors
DNO International ASA
17 November 2009