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DNO Announces New License Interests in Yemen

Through a farm-in, DNO has acquired a 57,78% participating interest as operator in Block 52 in Yemen

DNO Acquires Operatorship and a High Participating Interest in Block 52
 
Through a farm-in, DNO has acquired a 57,78% participating interest as operator in Block 52 in Yemen.  Block 52 is located in the Sayun-Masila Basin, close to DNO's existing license interests in Yemen. The farm-in is based on a work program commitment consisting of seismic data acquisition and the drilling of exploration wells.
 
Following the farm-in, the license partners in Block 52 consists of DNO (57,78%), Ansan Wifks (22,22%) and The Yemen Company (20% carried).
 
Commenting on the Block 52 farm-in, Helge Eide, Managing Director of DNO ASA said that "We are very pleased with this latest addition to our extensive license portfolio in Yemen. Based on our long-term strategy of creating value through low cost exploration and development, we now look forward to focusing on the resource opportunities in Block 52."
 
 


Contact:
 
 
 
Media:
 
 
Helge Eide, MD DNO ASA
Telephone:   
+47 23 23 84 80
Ketil Jørgensen, Crux Communication (Norway)      
Telephone
+47 930 36 866
Ben Willey, Buchanan Communications (UK)
Telephone:
 
+44 207 466 5000
Investor Relations:
 
 
Haakon Sandborg, CFO DNO ASA
Telephone:
+47 23 23 84 80
Robert Arnott, Advisor (UK)
Telephone
+44 207 839 7764
 

Associated companies: