Oslo, 20 December 2018 – DNO ASA, the Norwegian oil and gas operator, today announced that this week it has acquired 6,246,152 shares in Faroe Petroleum plc at a weighted average price of 151.95 pence per share. Following these transactions, DNO owns 111,494,018 shares representing 29.90 percent of the outstanding shares in Faroe Petroleum.
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For further information, please contact:
Media: media@dno.no
Investors: investor.relations@dno.no
Tel: +47 911 57 197
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DNO ASA is a Norwegian oil and gas operator focused on the Middle East and the North Sea. 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, Norway, Oman, the United Kingdom and Yemen.
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This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.