DNO ASA - Earnings Release 2016 | FinancialReports.eu

Oman Block 36 Well Results

Oslo, 24 May 2016 - DNO ASA, the Norwegian oil and gas operator, announced today

the Hayah-1 exploration well in Oman's onshore Block 36 failed to encounter

hydrocarbons other than minor gas shows and will be plugged and abandoned.

The well, drilled in the Rub al-Khali basin in the southwestern part of the

country, reached a total depth of 3,010 meters and penetrated the three target

reservoirs, of which two had good reservoir quality.

DNO will incorporate the Hayah-1 well information into further evaluation of the

block.

DNO operates Block 36 with a 75 percent operated interest; Allied Petroleum

Exploration Inc. (APEX) holds the remaining 25 percent.

For further information, please contact:

Tel: +47 911 57 197

DNO ASA is a Norwegian oil and gas operator focused on the Middle East and North

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 the Kurdistan region of Iraq, Yemen, Oman, the

United Arab Emirates, Tunisia and Somaliland.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#2014698]

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