Sept 24 (Reuters) - Norwegian oil producer DNO International ASA lost half its stock market value on Thursday on fears the Kurdish Regional Government (KRG) may make permanent a suspension of DNO's activities in northern Iraq.
Here is a timeline on DNO in the last year:
Oct. 10, 2008 - DNO says it has sold 44 million shares - about 4.8 percent of the company - for around $30 million to raise funds at a time when banks were reluctant to lend. DNO did not know the identity of the purchaser, the company says later.
March 10, 2009 - DNO says it expects Iraq and the Kurdish regional leadership to agree to allow it to export crude from its Kurdish fields in the coming months.
April 6 - DNO says Kurdish authorities have assigned minority stakes in three fields it is developing in Iraq's Kurdistan region, reducing DNO's 100 percent cost-paying obligations to 75 percent for the Tawke field, and to 60 percent each for Erbil and Duhok.
May 11 - Following a breakthrough in a feud with the central government in Baghdad over control of Iraq's oil wealth, DNO says it has received formal approval from the KRG to start exporting crude oil from its field in northern Iraq.
June 1 - DNO says it is exporting 45,000 barrels a day from the Tawke field, which at current Brent prices was worth some $100 million per month. Aug. 19 - DNO says it has not been paid for nearly three months of oil exports from Iraq and says it hopes its Kurdish partners would soon agree a deal with Baghdad authorities over dividing oil revenues.
Sept. 21 - Oslo Stock Exchange suspends trading in DNO.
-- The KRG says it is suspending DNO's oilfield operations for six weeks after an OSE statement and newspaper reports surrounding the share sale had done it "incalculable harm".
Sept. 24 - Norway's financial sector watchdog Kredittilsynet says it has asked the police to probe the sale of DNO shares.
-- Shares in DNO fall by up to 55 percent on fears that it may be ejected from northern Iraq. (Writing by David Cutler, London Editorial Reference Unit; Editing by David Cowell)