So thats why the red and black shirt didnt have the big DNO logo on it!

Maybe next year if Dove Energy go pop we will have.... GOODLAND VENTURES (UK) LIMITED instead!

IOR made 4.29 million last year. Thats us not making any big signings this summer. there is no money! Nice.

I would have thought all oil companies were making a mint at the moment. It won't be long until oil is $200 a barrel.

I don't know where you got that info from. It's still trading on Olso Bors as far as I'm aware.

http://www.oslobors.no/ob/aksje_kursutvikling?menu2show=1.1.2.1.&p_instrid=ticker.ose.DNO

You'd be suprised, very suprised actually. its mainly the big boys who make all the money, small companies like IOR dont make as much as they should do.

$200 isnt too far away although there does seem to be a decline in the market at the minute which is of course, good news for all!!

I think you'll find it is a different company. DNO International is different from DNO Production.
The former's shares are trading as of this minute. I don't know which is Pools related but I'm sure we would have heard if the one we're in bed with had fallen out as it where.

Ken Hodcroft is a director of five UK companies:

GOODLAND VENTURES (UK) LIMITED SC281263 Director Active 09/03/2005
DNO PRODUCTION LIMITED SC175215 Director Company is dissolved 07/05/1997
INCREASED OIL RECOVERY LIMITED SC147753 Director Active 30/04/1997
DOVE ENERGY LIMITED 02959791 Director Active 11/05/1999
HARTLEPOOL UNITED FOOTBALL CLUB LIMITED 00098191 Director

DNO Production is indeed disolved, DNO International is a Norwegian company with sales last year of £1.3 billion. I can't access their detailed files as its not UK based.

This one is the one that a certain Mr Kenneth Joseph Hodcroft is/was a Director of........

The OSO, Oslo Stock Exchange, values DNO International at £90 Billion GBP

DNO Production, according to the info you posted, was dissolved in 1997. As the logo DNO has been on our shirts since then, I would suggest it is a different DNO we have been advertising/sponsored by. It would seem a bit daft to be sponsored by a defunct company.
However nothing Pools do ever surprises me anymore.

Its obviously the Norgie version, they are a Norwegian Oil Company with more money than God.

Just something i came across while testing out a new programme like.
It looks as if Mr Hodcroft has nowt to do with the DNO that we advertise. Well, he isnt a director but may work for them like. I dont know!

You can't assume that he isn't a director, the list that I posted were UK companies. DNO aren't UK.

Not on the directors list there.....


Insiders


Last name
First name
Position
Date

Larsen
Berge Gerdt
Chairman
01.01.2000

Bruvik
Trygve
Vice Chairman
19.11.2003

Hirsti
Gunnar
Director
15.11.2007

Instanes
Marit
Director
15.11.2007

Karfjell Elin Director 15.11.2007
Eide
Helge
Managing Diredtor
01.01.2000

Brandvold Ivar COO 01.05.2007
Lilloe-Olsen Tore Corporate Head of Exploration 01.10.2007
Sandborg
Haakon
CFO
01.10.2001

Skøelv
Eva Helene
Finance Manager
15.06.2006

Manum
Cathrine
Group Controller
01.10.2005

Grefsrød
Jon Michael
Auditor
01.08.2005

Siljan
Christopher
Auditor
10.01.2007

Edstrøm
Finn Ole
Auditor
21.09.2006

This was in the times, last year - Our owner Berge Larsen is loaded

The prospects for Kurdish oil were given a boost yesterday when DNO, a Norwegian explorer, said that a big oil company had offered $700 million (£351 million) for its licence in Kurdistan.

The indicative offer for the licence, which was rejected by DNO, includes its discovery at Tawke, in northeastern Iraq, in territory administered by the Kurdistan Regional Government (KRG), and represents almost half the value of DNO. It sent the Norwegian explorer’s shares up 12 per cent on the Oslo bourse.

DNO declined to name the interested purchaser, describing it as “a large international oil company”. Speculation yesterday centred on Statoil, the Norwegian oil multinational, which recently revealed plans to open an office in Erbil, the capital of the Kurdish region, to study exploration opportunities in the region.

A bid by a big Western oil group for a Kurdish oil licence would be the first significant foreign investment in Iraq’s oil industry. The threat of kidnappings and violence has kept foreign investors from the vast oil reserves in southern Iraq, while political risk has deterred oil majors from setting foot in the Kurdish region.

Oil industry experts also pointed to Indian or Chinese companies, which have been aggressive in their pursuit of oil assets, and they highlighted the significant risk for a Western oil major in making a Kurdish investment. “No oil major would invest in the Kurdish region because they know it will wreck their chances in southern Iraq,” the chief executive of one oil company with interests in the region said.

DNO’s activity in Kurdistan and its Tawke find have fuelled controversy in Iraq and created friction between the KRG and the national Government in Baghdad, which resented the issuing of oil exploration licences by the Kurdish administration.

The Norwegian explorer acquired its licence in 2004 and confirmed its discovery at Tawke in 2005, but development of the prospect has been dogged by quarrels between Erbil and Baghdad over ownership of mineral rights and agreement over a federal Iraqi petroleum law, which would create a legal regime for oil exploration. Development of Kurdistan’s oil prospects is believed to be a key plank in the KRG’s softly-softly strategy of creating an independent Kurdish state. The KRG has issued licences to a number of other companies, including Addax Petroleum, a Canadian explorer, which hopes to develop the Taq Taq field in collaboration with Genel Enerji, a Turkish oil business.

Agreement with Baghdad over the oil law is essential to enable oil exports to be made from the region. DNO has laid a pipeline to connect the Tawke oilfield with Iraq’s main northern export pipeline, which links the Kirkuk oilfield to the Turkish port of Ceyhan. The final link to the export route awaits the passage of the oil law in Baghdad, which DNO hopes will occur in September.

The northern export route has been shut since the American-led invasion of Iraq because of bombings of the pipeline by insurgents. Closure of the northern pipeline has hit efforts to raise Iraqi oil exports above their present 1.7 million barrels per day (bpd) to prewar levels as high as 2.5 million bpd.

The Iraqi Government is trying to rebuild the pipeline, but the explorers in Kurdistan hope that a link to the export route near the Turkish border will secure their exports and avoid the violence taking place in the Kirkuk region. Hussain al-Shahristani, the Iraqi Oil Minister, expressed confidence this week that the Iraqi parliament would pass the oil law soon.

However, the minister hinted that resolution of the dispute between Baghdad and Erbil was still not assured. He said that the new law would review oil and gas deals struck by Saddam Hussein and the KRG to “guarantee total national control and the highest return for Iraq” and added: “Any contract that contradicts this has to be redrawn.”

The KRG has accepted the principle that all oil revenues should be divided between the Iraqi regions, but insists that its region must be compensated for oppression of it during the Saddam regime, when it was excluded from participating in the oil wealth.

DNO yesterday revealed further progress at its Tawke prospect, with the appraisal of a further well, drilling deeper into the reservoir. It said that a test had achieved flow rates of 8,000 bpd from its Tawke 8 well.

Takeover speculation has swirled over DNO before. In January, its shares rose 16 per cent when a major shareholder said that he had received an offer for his 5 per cent stake.




Walkies

Pre-season tour to Kurdistan. woo hoo