Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
DNO ASA ( (GB:0MHP) ) has shared an announcement.
DNO ASA, the Norwegian oil and gas operator, has executed a non-cash asset swap with Equinor Energy AS, trading stakes in four non-core Norwegian Continental Shelf discoveries and an exploration license for interests in the Kvitebjørn area of the Northern North Sea. The deal gives DNO a 19 percent interest in the Atlantis gas condensate discovery and 10 percent in Afrodite, both near the Equinor-operated Kvitebjørn field where DNO already holds equity and is building a new core area.
The transaction forms part of DNO’s strategy to accelerate near- to medium-term production and cash flow by prioritizing projects with shorter development timelines. Atlantis, one of Norway’s largest undeveloped discoveries, is progressing toward a final investment decision with production expected to reach a net plateau of 8,000 barrels of oil equivalent per day for DNO, while Afrodite and Carmen are candidates for tie-back to Kvitebjørn, reinforcing the company’s focus on faster, infrastructure-led growth in Norway.
In return, DNO will transfer its interests in the Røver, Mistral, Tyrihans East and Bergknapp discoveries, plus the Sjørøver exploration license, which sit outside its core areas and have longer appraisal and development horizons. Supported by a recent offshore Norway exploration success rate above 50 percent, four ongoing field developments and a fast-track project to bring the Kjøttkake discovery onstream in early 2028, the swap underscores DNO’s effort to sharpen its Norwegian portfolio and enhance capital efficiency, subject to regulatory approvals.
The most recent analyst rating on (GB:0MHP) stock is a Sell with a NOK11.10 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 activities in the Middle East, the North Sea and West Africa. Founded in 1971 and listed in Oslo since 1981, it holds stakes in onshore and offshore licenses across exploration, development and production in Iraq’s Kurdistan region, Norway, the United Kingdom, Côte d’Ivoire and Yemen.
YTD Price Performance: 9.19%
Average Trading Volume: 4,184,983
Current Market Cap: NOK16.53B
For an in-depth examination of 0MHP stock, go to TipRanks’ Overview page.