DNO sells Côte d’Ivoire unit to Panoro for USD 86.5 million

• DNO is selling its Côte d’Ivoire unit, DNO CI, to Panoro Energy for USD 86.5 million.
• Consideration includes USD 65.1 million cash, remaining value paid in 7,000,000 newly issued Panoro shares.
• Côte d’Ivoire output averages about 3,300 boepd net to DNO; net 2P reserves were 9.4 MMboe at the effective date.
• Net 2C contingent resources stood at 5.0 MMboe; completion is expected in mid-September 2026.
• The divestment follows DNO’s North Sea expansion; the company estimated a roughly 24% IRR since entering in October 2022.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. DNO ASA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608191303OMX_____CNEWS_EN_GNW1001258396_en) on August 19, 2026, and is solely responsible for the information contained therein.