| al_sting - Donnerstag, 29. September 2011 - 15:47 |
| Mal sehen, was diese Fusion so mit sich bringt. --------------------------------------------- http://online.wsj.com/article/BT-CO-20110905-700270.html STOCKHOLM (Dow Jones)-- Norwegian oil company DNO International ASA (DNO.OS) said Monday it has signed a definitive agreement to merge RAK Petroleum's oil and gas operating companies into the Norwegian company, completing talks that started in July of this year. Under the proposed transaction with United Arab Emirates-based RAK Petroleum Public Company Limited, DNO will issue RAK Petroleum shares at NOK9.50 a share, valuing DNO at $1.64 billion, against a value of the RAK Petroleum assets of $250 million. "By combining our two companies' assets and people, the enlarged DNO International will be positioned not only to extract greater value from the existing exploration and production properties but to play an even more active role in the Middle East and North Africa or MENA region," DNO Managing Director Helge Eide said in a statement. He added that DNO is committed to further expanding its operations in the Kurdistan Region of Iraq. Shares closed Friday at NOK5.47. -By Dominic Chopping; Dow Jones Newswires; +46-8-5451-3093; dominic.chopping@dowjones.com --DNO signs definite agreeement to merge with RAK's Middle East and North African oil and gas operations --Output from merged RAK operations could double in 2012 --Intends to list enlarged company on LSE in 2012 (Rewrites, adds detail and company comment.) By Katarina Gustafsson Of DOW JONES NEWSWIRES STOCKHOLM (Dow Jones)-- Norwegian oil company DNO International ASA (DNO.OS) said Monday it has signed a definitive agreement to merge RAK Petroleum's oil and gas operating companies into the Norwegian company, completing talks that started in July. Under the proposed transaction, the Middle East and North African operations of United Arab Emirates-based RAK Petroleum Public Company Limited will be merged into a subsidiary of DNO in exchange for DNO shares to be issued to RAK Petroleum. The shares will be issued at NOK9.50 a share, valuing DNO at $1.64 billion, against a value of the RAK Petroleum assets of $250 million. In July, the company had said shares would be issued at a value between NOK8.25 and NOK10.00 per share while RAK's assets would be valued at between $250 million and $300 million. "By combining our two companies' assets and people, the enlarged DNO International will be positioned not only to extract greater value from the existing exploration and production properties but to play an even more active role in the Middle East and North Africa or MENA region," DNO Managing Director Helge Eide said in a statement. He added that DNO is committed to further expanding its operations in the Kurdistan Region of Iraq. DNO in July said it aims to list the enlarged company on the London Stock Exchange and exit its Oslo listing. On a conference call Monday, Eide said the intention is to list the company in London in 2012. He DNO investments in development is expected to amount to $36 million during the second half of 2011 while investments in exploration is seen at $24 million. Investments for RAK's Middle East and North African operations is estimated at $40 million for development and $10 million for exploration during the period July to December, and at $64 million next year. DNO's current working interest production averages 45,000 barrels per day of oil equivalent, while the immediate production from RAK will be around 7,500 barrels per day. Output from RAK's operations could double in 2012, Eide said. At 0943 GMT shares traded 4.3% higher at NOK5.71 in a lower overall market. -By Katarina Gustafsson; Dow Jones Newswires; +46-8-5451-3097; katarina.gustafsson@dowjones.com (Dominic Chopping contributed to this report.) |
| al_sting - Dienstag, 15. November 2011 - 19:50 |
| Verkauf 1/2 Position (nach aktuellem Wert): 4.000 Stück, Börse Frankfurt, Limit 1,11€, Zeitlimit unbegrenzt bis auf Widerruf. DNO ist ausreichend volatil, um die Position bei diesem Gewicht mal wieder etwas zu reduzieren. Erneuter Rückkauf bei erneutem Rückschlag nicht ausgeschlossen. |
| al_sting - Mittwoch, 16. November 2011 - 10:08 |
| Erster Handel Frankfurt: Zeit: 08:23:13 Kurs 1,12 EUR Anzahl: 650 Verkauf: 1,12€ * 4.000 = 4.480,00€. |
| al_sting - Montag, 6. Februar 2012 - 13:03 |
| Lesetipp: DNO and Tawke in Kurdistan: How an Iraq oil giant has emerged http://www.ogj.com/articles/print/vol-110/issue-2/exploration-developmet/dno-and-tawke-in.html |
| al_sting - Montag, 27. Februar 2012 - 16:14 |
| Verkauf 3.000 Stück, Limit 1,37 €, Börse Frankfurt. DNO scheiterte jetzt mehrfach am Dreijahreshoch von etwa 10,40 NOK. Daher Versuch eines Teilausstiegs auf diesem Level. Im Falle eines erfolgreichen Verkaufs hätte sich DNO ziemlich komplett refinanziert, die verbleibenden Aktien wären gewissermaßen Freigänger. |
| al_sting - Montag, 27. Februar 2012 - 20:46 |
| Stornierung dieses Verkaufsantrags. DNO hat den Tag mit 10,50 NOK auf einem mittleren Hoch geschlossen - vielleicht gelingt noch ein Ausbruch. Zudem durch die Ölstreitereien mit dem Iran der Ölpreis und damit alle Ölwerte mehr Phantasie gewinnen. (Wobei ich hoffe und erwarte, dass es keinen neuen Krieg da unten gibt.) |
| al_sting - Mittwoch, 19. September 2012 - 14:50 |
| Verkauf 3.000 Stück, Limit 1,45 €, Börse Frankfurt. |
| al_sting - Dienstag, 25. September 2012 - 11:41 |
| Erster Handel Frankfurt: Zeit: 11:20:01 Kurs 1,48 EUR Anzahl: 3.000 Verkauf: 1,48€ * 3.000 = 4.440,00€. Damit sind die verbleibenden DNO-Aktien gewissermaßen "Freigänger", der Überschuss aus Käufen und Verkäufen beträgt bei DNO mittlerweile 345,40 €. Würden sich die anderen Werte nur ähnlich gut entwickelnd. ;-) |
| al_sting - Donnerstag, 4. Oktober 2012 - 17:52 |
| Langweilig wird es bei DNO wohl nie. Ganz neu: Strafzahlungen wegen nachgewiesener Bestechung der Kurdischen Regionalregierung des Nordiraks. Damit könnten die Höchststände erst mal wieder vorbei sein. Vielleicht stocke ich ja stattdessen schneller wieder auf als ursprünglich erwartet. :-) http://www.upstreamonline.com/live/article1266910.ece Norwegian player hit with hefty penalty over 'share deal' with Kurdistan oil minister DNO International has been slapped with a hefty Nkr27 million ($4.72 million) fine by Norway’s economic crime unit over alleged stockmarket manipulation in connection with a share deal involving the Kurdistan Regional Government (KRG). The Norwegian independent said it now intends to challenge the ruling against it that followed a three-year investigation by Okokrim into the share trade in which the KRG was said to have pocketed a gain of more than Nkr100 million. “The transaction was carried out and the agreement kept secret from the market by providing incomplete, incorrect and misleading information about the transaction,” Okokrim said in a statement. DNO sold 43.8 million shares – accounting for almost 5% of the company’s stock – directly to the KRG in October 2008 to make the Kurdistan authority one of its biggest shareholders, according to the unit. The transaction was allegedly carried out after DNO managing director Helge Eide contacted Kurdistan’s Oil Minister Ashti Hawrami via email and arranged the sale to alleviate a pressed liquidity situation for the company, Norwegian business daily DN reported. After buying the shares, Hawrami is said by Okokrim to have issued positive pronouncements on DNO’s activities in the semi-autonomous region of northern Iraq that drove up the company’s share price. The minister is alleged to have subsequently sold off the shares for a substantial gain after both the UK and Norway bourses, as well as the authorities of the two countries, started to examine the ownership of the company. “We believe that DNO has deceived its own investors and that this has occurred over a long period,” Okokrim prosecuting lawyer Hans Christian Koss told DN. Eide and the company chairman at the time, Berge Gerdt Larsen, are both reportedly implicated in the case and could also face personal prosecution. The fine – believed to be the biggest ever given to a Norwegian company by Okokrim – was imposed by the unit for DNO’s alleged failure to comply with the Securities Trading Act due to its lack of disclosure over the share deal. However, DNO has challenged the penalty, saying in a statement that the charge had already been reviewed and dismissed by the Oslo stock exchange’s appeals committee in 2009 when the company was levied with a Nkr800,000 fine. It said in a statement that “the new Okokrim fine and the reopening of a previously settled case are in violation of fundamental legal provisions against double jeopardy”, while denying the charge that it engaged in market manipulation. |
| al_sting - Dienstag, 12. Februar 2013 - 10:00 |
| Sehr schöne Jahreszahlen. Gerade die Ergebnisse des 4. Quartals sind m.E. deutlich über den Erwartungen. DNO bleibt ein Unternehmen mit großen Chancen - und großen Risiken. -------------------------------------------------- DNO Reports Net Profit of NOK 1.04 Billion in 2012 Oslo, 12 February 2013 -- DNO International ASA, the Norwegian oil and gas company, today announced record 2012 net profit of NOK 1.04 billion on operating revenues of NOK 2.84 billion. Fourth quarter 2012 net profit was NOK 810 million on operating revenues of NOK 1.43 billion. In other milestones, 2012 exploration and development expenditures were raised to NOK 1.22 billion and the Company's gross production capacity jumped by 85 percent to around 140,000 barrels of oil equivalent per day (boepd). Fourth quarter production on a Company Working Interest basis reached 46,398 boepd, compared to an average of 38,354 for the full year. "We are thrilled to have surpassed the billion NOK mark in net profits," said Bijan Mossavar-Rahmani, DNO's Executive Chairman. "DNO doubled exploration and development spending in 2012 and funded the program from operating cash flow. Based on current plans, we expect to boost spending another 50 percent to NOK 1.75 billion in 2013," he added. The Company's yearend cash balance was NOK 1.51 billion, unchanged from a year earlier. Yearend equity ratio was 55 percent. DNO International presents its financial and operating results today in Oslo at 08:00 CET. A live webcast of the presentation as well as the full fourth quarter and full year 2012 interim report will be available on the Company website (www.dno.no). --- DNO International ASA is an Oslo-listed, Middle East and North Africa focused oil and gas company holding stakes in 17 licenses in various stages of exploration, development and production both onshore and offshore in the Kurdistan Region of Iraq, the Republic of Yemen, the Sultanate of Oman, the United Arab Emirates and the Tunisian Republic. http://www.dno.no --- |
| al_sting - Dienstag, 12. Februar 2013 - 10:44 |
| Ich finde die Jahreszahlen und insbesondere die Steigerung im 4. Quartal sowie den Ausblick (siehe www.dno.no) so überzeugend, dass ich meine Position aufstocke und die im September 2012 verkaufte halbe Position wieder zurückkaufe. Kauf 3.000 Stück, nächster Handel Oslo Bors |
| al_sting - Dienstag, 12. Februar 2013 - 11:02 |
| Erster Handel 10:44, Oslo Bors: 10,23 NOK = 1,387 € --> 3.000 x 1,387€ = 4.161€ Für den durchschnittlichen Kaufpreis gibt versciedene mögliche Berechnungen: Entsprechend der Nachkäufe liegt er bei 0,92€. Durch diverse preisverbilligende Käufe und Verkäufe hat er sich verbilligt auf aktuell 0,38€/Aktie. (Bei diesem Ansatz wäre er vor dem Kauf sogar negativ gewesen - auch stark verfälschend.) Ich behalte pragmatisch den "alten" Kaufkurs von 0,71€ bei, da der Nachkauf nahezu zum gleichen Preis wie der Verkauf im September 2012 stattfand, also keine wesentliche Veränderung stattfand. |
| al_sting - Freitag, 15. Februar 2013 - 09:09 |
| Ein lesenswerter Artikel aus dem Time Magazine zu Chancen und Risiken der Erdölförderung im Nor Irak "Blood for Oil": http://www.time.com/time/subscriber/article/0,33009,2135704-3,00.html Ein interessanter Zahlenvergleich, amount of profit per barrel allowed for oil companes: Irakische Regierung: bis 1,50 US$ Kurdische Regierung, Nordirak: Bis 30 US$ Die Konflikte zwischen der Zentralregierung und der Kurdischen Regierung im Nordirak über der Ölförderung sind im Januar mal wieder eskaliert (30 Verletzte, 1 Toter), Time schreibt von dem realen Risiko eines Bürgerkrieges über der Ölthematik, in den u.U. alle hineinschlittern, obwohl ihn eigentlich keiner will. Bei Interesse kann ich den Artikel komplett einstellen, der Großteil ist nur Abonnenten zugänglich. Es wird kein Wort über DNO verloren (nur über Exxon Mobile), aber der Artikel gibt einen guten Einblick in die Randbedingungen für die Erdölförderung im Nordirak. |
| al_sting - Dienstag, 11. Juni 2013 - 13:13 |
| Zur Entwicklung von DNO: Ein paar Zahlen, zusammengestellt aus obigem Artikel zu den Petroleumreserven: Die nachgewiesenen bei DNO in Million Barrels of Oil Equivalent (MMboe) steigen in einem Maß wie wohl bei kaum einem anderen Erdlexplorer: 2009: 149.4 MMboe 2010: 194.2 MMboe (+ 30% zum Vorjahr) 2011: 371.9 MMboe (+ 92% zum Vorjahr) 2012: 520.3 MMboe (+ 40% zum Vorjahr) DNO-Anteil der Reserven im Feld Tawke, Nordirak, 2012: 447,7 MMboe (86% der gesamten DNO-Reserven) DNO ist also nach wie vor eine fast reine Wette auf Vorräte und Förderung im Nordirak. http://www.oilvoice.com/n/DNO_International_releases_annual_statement_of_reserves/add0619f685b.aspx |
| al_sting - Dienstag, 11. Juni 2013 - 13:15 |
| Die Probleme bei Produktion und Abtransport im Nordirak lösen sich allerdings nicht so leicht. Ganz im Gegenteil, die Konflikte zwischen Zentralregierung und nordirakischer Regionalregierung eskalieren eher, wie dieser Spiegel-Artikel zeigt: "Kirkuk - Der seit langem schwelende Konflikt zwischen Iraks Zentralregierung und dem autonomen kurdischen Norden droht nahe der Ölstadt Kirkuk zum offenen Kampf zu eskalieren. Mit mehreren tausend Peschmerga-Kämpfern haben die Truppen der Kurdischen Regionalregierung (KRG) in den vergangenen zwei Wochen Stellungen südlich und westlich der Stadt Kirkuk eingenommen. Ganz in der Nähe liegen Iraks ältestes Ölfeld Baba Gurgur und eine Gasraffinerie. Von Süden her sind Einheiten des "Tigris-Operationskommandos", einer Armee unter persönlichem Befehl von Premier Nuri al-Maliki, vorgerückt. Ihre Soldaten haben laut einem der Offiziere Schießbefehl, auf jeden Peschmerga zu feuern, der in Sicht kommt - "mit allem, was sie an Waffen haben". [...]" http://www.spiegel.de/politik/ausland/in-kirkuk-bekaempfen-sich-die-irakische-armee-und-kurdische-peschmerga-a-899134.html |
| al_sting - Dienstag, 11. Juni 2013 - 13:17 |
| Aber zumindest machen Suche und Förderung im "Hauptfeld" Tawke weiter stetig Fortschritte, wie dieser ganz aktuelle Artikel von Business Week zeigt. Jetzt muss "nur noch" der grenzüberschreitende Transport dieser Mengen geklärt werden und die Aktie könnte wirklich durch die Decke gehen. http://www.businessweek.com/news/2013-06-11/dno-may-raise-output-target-after-oil-find-at-iraq-s-tawke-field DNO May Raise Output Target After Oil Find at Iraq’s Tawke Field By Alastair Reed June 11, 2013 DNO International ASA (DNO), the oil producer focused on the Kurdistan region of northern Iraq, said it may increase its production target after a discovery at the region’s Tawke field and a successful test of another well. The latest find, at the deep Tawke-17 well, tested at 1,500 barrels a day, the company said in a statement today. The find, more than 200 meters below the main field reservoir, “likely bumps recoverable reserves on the Tawke license to the one billion barrel mark,” Chairman Bijan Mossavar-Rahmani said. The shares rose as much as 9.1 percent to 11.20 kroner, the highest intraday price since Oct. 2. DNO stock has gained 46 percent in the past year. DNO, based in Oslo, also said the Tawke-20 well, its first horizontal well at the field, flowed at an average of 8,000 barrels a day from each of the first four of 10 fractured corridors penetrated by the well. If a second well, Tawke-23, backs up the results of Tawke-20, DNO will “consider further enhancements to our current target of 200,000 barrels a day of production capacity by 2015,” the company said. DNO, the first foreign company to drill for oil in Iraq after the U.S.-led invasion in 2003, has been caught in a conflict between the semi-autonomous Kurdistan Regional Government and central Iraqi authorities over oil revenue sharing, production contracts and land. DNO International is the operator of Tawke with a 55 percent stake. Genel Energy Plc (GENL) has 25 percent, and the Kurdistan Regional Government the remaining 20 percent. |
| al_sting - Dienstag, 11. Juni 2013 - 13:52 |
| Apropos Transport: Der Bau einer direkten Pipeline vom Nordirak in die Türkei, bei der die irakische Zentralregierung nicht bzw. weniger eingreifen kann, ist auf gutem Weg: http://www.bloomberg.com/news/2013-04-10/turkey-kurdistan-pipeline-set-for-completion-this-summer.html Turkey-Kurdistan Pipeline Is Set for Midyear Completion By Chris V. Nicholson & Nidaa Bakhsh - Apr 11, 2013 Genel Energy Plc (GENL) Chief Executive Officer Tony Hayward, the former head of BP Plc (BP/), expects a pipeline transporting oil from Iraqi Kurdistan to the Turkish border to be completed by about the middle of the year. “The conversion of an existing gas line to an oil line can get nine-tenths to the Turkey border” and the rest of the capacity will be newly built, he said yesterday in an interview. “They’ll have that infrastructure by the middle of the year.” Genel, the largest producer in Iraq’s Kurdish region, also said yesterday that the first of five Chia Surkh wells flowed 11,950 barrels of oil a day and 15 million cubic feet of gas. The company began drilling a second well this week. Hayward said the field may hold more than 300 million barrels of oil equivalent. The company rose 6.4 percent to 850 pence in London. The pipeline will allow the semi-autonomous Kurdish region to bypass control over its oil exports by the central government in Baghdad and ship them directly to Turkey. Genel, Exxon Mobil Corp. and DNO International ASA (DNO) are among companies caught up in disputes between the Iraqi administrations over the right to control contracts, territorial claims and crude oil revenues. Oil from northern Iraq is currently trucked to the border at Fishkabur, creating a bottleneck, Genel says on its website. The pipeline also gives Turkey a foothold in the region’s energy industry. Genel is talking to four Turkish utilities to sell gas from its Miran field, Hayward said, declining to name them. Genel said in February it had 3.8 trillion cubic feet of recoverable resources in Miran and 90 million barrels of oil. Energy Minister Turkey has informed the Iraqi government that it’s ready to build new pipelines to transport oil from Kurdistan, Turkish Energy Minister Taner Yildiz told reporters yesterday in Ankara. Turkish Prime Minister Recep Tayyip Erdogan met Nechirvan Barzani, leader of Iraq’s Kurdish region, in Ankara last month. “We may add new pipelines to our pipeline from Kirkuk, and among them may be a natural-gas pipeline,” Erdogan said on CNN Turk after the meeting. Northern Iraq had signed a commercial agreement with Turkey based on the region’s constitutional right to 17 percent of Iraq’s oil revenue, he said. A gas pipeline joining the Taq Taq site in northern Iraq with the Iraq-Turkey Pipeline at Fishkabur is being built. It’s expected to reach the town of Dohuk about 40 kilometers from the Turkish border in the second quarter, Genel said in February. It plans to boost Taq Taq’s capacity to 200,000 barrels a day. |
| al_sting - Mittwoch, 21. August 2013 - 23:48 |
| Sorry, Doppelpost |
| al_sting - Mittwoch, 21. August 2013 - 23:51 |
| Noch ein Doppelpost. :-( |
| al_sting - Mittwoch, 21. August 2013 - 23:56 |
| Sehr schoene Quartalszahlen von DNO. Die Produktionsentwicklung des Oelfelds Tawke im Nordirak geht gut voran, aber man engagiert sich jetzt auch staerker jenseits des Iraks. Seit dem ersten Kauf im Musterdepot zu 0,60 Euro hat sich der Kurs fast verdreifacht. Trotzdem ist m.E. kein Ende der Fahnenstange in Sicht. Wenn es weiter so gut lauft, sehe ich bei der Aktie weiteres Verdreifachungspotential auf 2 Jahre. -------------------------------------------------- Oslo, 21 August 2013 -- DNO International ASA, the Norwegian oil and gas company, today announced second quarter 2013 net profit of NOK 280 million on operating revenue of NOK 764 million. Production climbed by nearly a third to 38,720 barrels of oil equivalent per day (boepd) on a company working interest basis from 29,061 boepd in the first quarter of 2013 and 23,234 boepd a year earlier. "We continue to de-risk and deliver across our portfolio," said Bijan Mossavar-Rahmani, DNO International's Executive Chairman, "and most impressively in our operations in the Kurdistan region of Iraq." The Company set several key operational milestones during the second quarter at its flagship Tawke oil field, including highest production in a single day (112,949 barrels), highest sales in a single day (102,393 barrels), highest production from one well in a single day (25,052 barrels), largest number of tankers loaded in a single day (532 tankers or one every 2 minutes and 43 seconds). Cumulative production from the Tawke field also passed the 50 million barrel mark earlier this year. Mr. Mossavar-Rahmani noted that DNO International continues its active program of exploration, appraisal and development drilling while adding new acreage in both established and frontier basins, confident that the Company is well positioned financially and organizationally to capitalize on current and future growth opportunities. During the first half of 2013, six onshore and offshore drilling rigs were active in eight blocks in three countries and four additional blocks in four countries were added to the portfolio. Operational cash flow of NOK 843 million exceeded capital spending of NOK 830 million during the first half of the year. The Company has maintained a robust capital structure with a free cash balance of NOK 1,648 million and net cash position of NOK 257 million as at June 30, 2013. DNO International will present its financial and operating results today in Oslo at 08:00 am CET (07:00 am GMT). A live webcast of the presentation as well as the full second quarter 2013 interim report will be available on the Company website www.dno.no. --- DNO International ASA is an Oslo-listed, Middle East and North Africa focused oil and gas company holding stakes in 20 blocks in various stages of exploration, development and production both onshore and offshore in the Kurdistan Region of Iraq, the Republic of Yemen, the Sultanate of Oman, the United Arab Emirates, the Tunisian Republic and Somaliland. |