DNO gains after new wells push Iraq' s Tawke field output to record

OSLO, Norway (Bloomberg) -- DNO International ASA gained the most in a month in Oslo after two new horizontal wells increased output at its Tawke field in the Kurdistan region of Iraq to a record. The company rose 5.7%, the biggest gain since Feb. 20, to 23.17 kroner by 9:38 a.m. About 1.9 million shares were traded, a third of the average three-month daily volume. DNO began output from the wells at a combined flow rate of 37,000 bopd, pushing Tawke’s production to a record 129,000 bopd on March 5, it said today in a statement.