DNO International ASA, the Norwegian oil and gas company with operations in Iraqi Kurdistan, is holding its Annual General Meeting in Oslo at this morning.
Please click here to download the presentation made by the Managing Director, Helge Eide.
A statement from the company added:
"The latest results from testing of the Peshkabir-1 well in the Kurdistan region of Iraq confirms the presence of movable oil in the Jurassic interval. Testing is ongoing to acquire additional data.
"Previous tests in the Peshkabir-1 well produced water at two Triassic intervals and one of three Cretaceous intervals. Following the Jurassic test the Company is considering two additional tests in the Cretaceous."
Shares in the company were up 3% in early trading.