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DANMARKS STØRSTE INVESTORSITE MED DEBAT, CHAT OG NYHEDER

DNO letters dated 5 October 2009


19141 StBr 6/10 2009 01:33
Oversigt

DNO har mandag udsendt et par breve:

http://www.dno.no/Investors/DNO-letters-051009/

Mon ikke man kan forvente at indholdet er afstemt med KRG, så KRG indenfor overskuelig fremtid imødekommer DNO's anmodning om at ophæve suspensionen.



6/10 2009 08:50 StBr 019144



Published: 07:40 06.10.2009 GMT+2 /HUGIN /Source: DNO International ASA /OSE: DNO /ISIN: NO0003921009

DNO International ASA - Restarting operations in Kurdistan region of Iraq

Reference is made to DNO's Stock Exchange Notice dated 21 September 2009 in relation to the notice of the same date (the Notice) from the Kurdistan Regional Government (KRG) and the attached letter from the Ministry of Natural Resources (MNR) dated 5 October 2009.


DNO has been in continuous discussions with the KRG over the past weeks to address the issues raised in the Notice. Based on these discussions, the Company has sent the following two letters on behalf of the Board of Directors of DNO International ASA:
One letter to distinguished leaders in the Kurdistan Region and Iraq
One letter to MNR, Kurdistan Region
Both letters are posted on DNO's web site (www.dno.no).

As a result of the attached letter from MNR, DNO's rights to its production sharing contracts are reinstated with immediate effect. DNO can thereby resume the role of Operator without any restrictions. Until a future payment mechanism for crude exports is in place, DNO will focus on local sales.

All issues with respect to the Notice from KRG have now been resolved and DNO is looking forward to continuing its successful cooperation with KRG to the benefit of the Kurdistan Region and all people of Iraq.


DNO International ASA
6 October, 2009






6/10 2009 08:53 StBr 119145






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