DNO notes the announcement made by Faroe Petroleum today 5(th) December 2018,
regarding a Norwegian Asset Swap with Equinor.
"This is a significant deal for Faroe, and we need to understand it before
making a judgement. While Faroe has asserted this is not designed to stop the
DNO offer, we need to ask if this is good value for a company seeking growth: to
swap out of its high quality, large scale, core growth hub, Njord, operated by
the national oil company of Norway, Equinor, and to take on instead mature and
declining production assets - in a deal with Equinor itself. That is the test
this deal needs to satisfy."
A copy of this document will be available, subject to certain restrictions
relating to persons resident in restricted jurisdictions, for inspection on
DNO's website https://www.dno.no/en/investor-
relations/offer_announcement_26November/