DNO ASA: DNO Receives 18 Awards in Norway's APA Licensing Round

Oslo, 15 January 2019 - DNO ASA, the Norwegian oil and gas operator, today announced that its wholly-owned subsidiary DNO Norge AS has been awarded participation in 18 exploration licenses, of which five are operatorships, under Norway's Awards in Predefined Areas (APA) 2018 licensing round.

Of the 18 licenses, nine are in the North Sea, two in the Norwegian Sea and seven in the Barents Sea.

Prior to today's announcement, DNO held interests in 22 licenses offshore Norway and the United Kingdom, of which 21 are on the Norwegian Continental Shelf and one on the UK Continental Shelf.

The new awards under the APA 2018 licensing round include:

• PL 767B: Lundin Norway AS (operator), INPEX Norge AS, DNO Norge AS (10%)
• PL 902B: Lundin Norway AS (operator), Petoro AS, Aker BP ASA, DNO Norge AS (10%)
• PL 967: DNO Norge AS (operator, 60%), Equinor Energy AS
• PL 975: DNO Norge AS (operator, 60%), Source Energy AS
• PL 984: DNO Norge AS (operator, 40%), Source Energy AS, Var Energi AS
• PL 986: Aker BP ASA (operator), Petoro AS, Wellesley Petroleum AS, DNO Norge AS (20%)
• PL 987: Suncor Energy Norge AS (operator), Lundin Norway AS, Var Energi AS, DNO Norge AS (20%)
• PL 988: Lundin Norway AS (operator), Var Energi AS, DNO Norge (30%)
• PL 990: Equinor Energy AS (operator), Wellesley Petroleum AS, DNO Norge AS (30%)
• PL 991: DNO Norge AS (operator, 60%), Lundin Norway AS
• PL 994: Neptune Energy Norge AS (operator), Petrolia NOCO AS, DNO Norge AS (30%)
• PL 995: DNO Norge AS (operator, 60%), INEOS E&P Norge AS
• PL 1015: INEOS E&P Norge AS (operator), DNO Norge AS (30%)
• PL 1021: DEA Norge AS (operator), DNO Norge AS (50%)
• PL 1022: Aker BP ASA (operator), Concedo ASA, DNO Norge AS (30%)
• PL 1024: Repsol Norge AS (operator), DNO Norge AS (30%)
• PL 1027: Lundin Norway AS (operator), INPEX Norge AS, DEA Norge AS, DNO Norge AS (20%)
• PL 1029: Lundin Norway AS (operator), Spirit Energy Norge AS, DNO Norge AS (40%)

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For further information, please contact:
Media: [e-mail] (mailto:[e-mail])
Investors: [e-mail] (mailto:[e-mail])
Tel: [phone]

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DNO ASA is a Norwegian oil and gas operator focused on the Middle East and the North Sea. 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 the Kurdistan region of Iraq, Norway, the United Kingdom and Yemen.

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This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: DNO ASA via Globenewswire