DNO Reports on November Production in Yemen, Ongoing Drilling


Tasour Field - Block 32
(Click to Enlarge)

Godah #1 Well in Block 32
(Click to Enlarge)

DNO is today reporting November 2008 production together with a summary of ongoing drilling activities.

PRODUCTION REPORT

Yemen production

DNO's WI production from Yemen in November was 8,019 bopd, down from 8,827 bopd in October. November production was lower due to unscheduled maintenance work at the pipeline going from Godah and Tasour on block 32. The YTD production to DNO from Yemen is 9,474 bopd, which is in line with management's expectations.

DNO's oil production is reported as follows:

(Bopd)

Q3 2008

Oct

Nov

YTD 2008

Working interest (WI)

8,836

8,827

8,019

9,474

Net entitlement (NE)

5,122

5,614

5,155

5,997

Achieved oil price

115,09

78.57

49,97

-



The production figures (WI and NE) include crude oil consumed in the operation of the Company's production facilities, at an accumulated volume of 370 bopd during November 2008.

DNO's revenue entitlement from the Tawke test production

 

As previously reported, the test production volumes to the Company from Tawke will be based on revenue entitlements rather than volumes, as test production does not reflect the normal operational performance or production capacity of the fields. The revenue entitlement from Tawke test production is reported as follows:

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