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DNO ASA ( (GB:0MHP) ) has issued an update.
DNO ASA announced the resumption of drilling operations in the Kurdistan region of Iraq, aiming to increase production by 25% at the Tawke license, which has already produced 500 million barrels of oil. Despite previous challenges like the 2023 export pipeline closure, DNO continues to produce 80,000 barrels per day and plans to drill eight new wells by 2026, reinforcing its position as a major player in the region and on the Norwegian Continental Shelf.
The most recent analyst rating on (GB:0MHP) stock is a Sell with a NOK11.30 price target. To see the full list of analyst forecasts on DNO ASA stock, see the GB:0MHP Stock Forecast page.
More about DNO ASA
DNO ASA is a Norwegian oil and gas operator with a presence in the Middle East, the North Sea, and West Africa. Founded in 1971, it is Norway’s oldest oil company and the first to list on the Oslo Stock Exchange. The company holds stakes in onshore and offshore licenses at various stages of exploration, development, and production in regions including Kurdistan, Norway, the UK, Côte d’Ivoire, and Yemen.
Average Trading Volume: 2,465,778
Current Market Cap: NOK14.82B
See more insights into 0MHP stock on TipRanks’ Stock Analysis page.