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The latest update is out from DNO ASA ( (GB:0MHP) ).
DNO ASA has announced a significant gas and condensate discovery at the Vidsyn prospect near its Fenja oil and gas field in the Norwegian Sea. The discovery, made in the Middle Jurassic Ile formation, is estimated to hold 25 to 40 million barrels of oil equivalent, exceeding pre-drill estimates. DNO’s stake in the license has increased to 25 percent following the acquisition of Sval Energi Group AS. The discovery is considered commercial, with potential for further resource unlocking, enhancing DNO’s strategic position in the region. This discovery adds to DNO’s successful track record in Norway, where it continues to expand its exploration and production activities.
More about DNO ASA
DNO ASA is a Norwegian oil and gas operator active in the Middle East, the North Sea, and West Africa. Founded in 1971 and listed 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 the Kurdistan region of Iraq, Norway, the United Kingdom, Côte d’Ivoire, Netherlands, and Yemen.
YTD Price Performance: 43.26%
Average Trading Volume: 2,547,224
Current Market Cap: NOK13.89B
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