The average realized oil price on the net entitlement (NE) production in October was USD 50.5 per barrel.
DNO's November production will be significantly lower than October as the deliveries from Tawke have been restricted to the Tawke refinery at a gross rate of 4,000 bopd. However, DNO has now been advised by the KRG that local sales will recommence shortly.
DNO's working interest (WI) production in Yemen in October was 5,935 bopd and the NE production was 3,742 bopd. The WI production from the Tawke field in the Kurdistan Region of Iraq was 11,847 bopd and the NE production was 7,898 bopd.
See attached production report for full information.
Oslo, 26 November 2010
DNO International ASA