DNO International Reports on Q1 Production in Yemen, Iraq



DNO is today reporting a 1st quarter 2009 working interest (WI) production of 10,786 bopd.

Yemen Production

DNO's WI production from Yemen in March was 7,858 bopd, and 7,925 bopd in the 1st quarter. The YTD production to DNO from Yemen is in line with management expectations.

DNO's NE production from Yemen in 1st quarter 2009 was 5,936 bopd and the average realized oil price was USD 43 / bbl.

Tawke Test Production

The 2009 YTD test production from Tawke has been lower than in the previous months. As has been seen from the past experience, the Tawke test production volumes show significant variations, which is also expected going forward.

As previously reported DNO has completed the work connecting the Tawke facilities to the Northern pipeline system in Iraq and is thereby ready to deliver full scale production from the field when the required approval is given.

 


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