13 April 2018 - DNO ASA, the Norwegian oil and gas operator, today announced that it has acquired 3,744,203 shares in Faroe Petroleum plc at a price of GBP 1.25 per share representing 1.02 percent of the outstanding shares in Faroe Petroleum.
Following the three transactions, DNO will own 105,247,866 shares representing 28.71 percent of the outstanding shares in Faroe Petroleum; all purchases have been made at a price GBP 1.25 per share.
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, Somaliland, Tunisia, the United Kingdom and Yemen.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: DNO ASA via Globenewswire