DNO ASA Announces Major Discovery in Norwegian Sea

DNO ASA ( (GB:0MHP) ) has issued an announcement.

DNO ASA has announced a significant gas/condensate discovery in the Norwegian Sea’s Mistral prospect, where it recently acquired a 10 percent interest. This discovery, with estimated recoverable resources of 19-44 million barrels of oil equivalent, is positioned for a fast-track development due to its proximity to Equinor’s Lavrans subsea project. The discovery enhances DNO’s exploration portfolio, following a strategic license swap with OKEA, and highlights the company’s ongoing exploration activities in the North Sea.

More about DNO ASA

DNO ASA is a Norwegian oil and gas operator, active in regions such as the Middle East, the North Sea, and West Africa. Founded in 1971 and listed on the Oslo Stock Exchange, the company holds stakes in various stages of exploration, development, and production across countries including Iraq, Norway, the UK, Côte d’Ivoire, the Netherlands, and Yemen.

YTD Price Performance: 22.06%

Average Trading Volume: 141,093

Technical Sentiment Consensus Rating: Sell

Current Market Cap: NOK12.06B

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