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DNO ASA ( (GB:0MHP) ) has provided an announcement.
DNO ASA has announced a strategic asset swap with Aker BP ASA to streamline its portfolio on the Norwegian Continental Shelf. This transaction increases DNO’s stake in the Verdande field, a core area in the Norwegian Sea, from 10.5% to 14%, while transferring its interests in the non-core Vilje field and other exploration permits to Aker BP. This move aligns with DNO’s strategy to enhance its North Sea portfolio following its acquisition of Sval Energi AS, and the transaction is pending regulatory approval.
The most recent analyst rating on (GB:0MHP) stock is a Sell with a NOK11.20 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 operations in the Middle East, the North Sea, and West Africa. Established in 1971, it is Norway’s oldest oil company and was the first to be listed on the Oslo Stock Exchange. The company holds stakes in various stages of exploration, development, and production across regions including the Kurdistan region of Iraq, Norway, the United Kingdom, Côte d’Ivoire, Netherlands, and Yemen.
Average Trading Volume: 2,495,260
Current Market Cap: NOK13.68B
See more insights into 0MHP stock on TipRanks’ Stock Analysis page.