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Atlantic Petroleum P/F — Earnings Release 2014
Jun 2, 2014
8209_iss_2014-06-02_e5b5cace-6032-4806-a64f-beff916f2a22.html
Earnings Release
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Operations update May 2014
Operations update May 2014
Tórshavn, Faroe Islands, 2014-06-02 17:39 CEST (GLOBE NEWSWIRE) --
P/F Atlantic Petroleum (NASDAQ OMX: ATLA DKK & Oslo Stock Exchange: ATLA NOK)
today announces that during the month of May, Atlantic Petroleum produced a net
total of 50,000 barrels of oil equivalents (boe) from the Chestnut, Ettrick and
Blackbird fields. The average daily production was 1,613 boe per day net to the
Company. Production for the month was impacted by a temporary issue on one of
the production wells, which is expected to be resolved in the beginning of
July. Production guidance for the year remains as previously announced (1,650
to 1,900 boepd).
Atlantic Petroleum in brief:
Atlantic Petroleum is a full cycle exploration and production (E&P) Group
focused on North West Europe. Atlantic Petroleum currently holds 45 oil and gas
licences in the UK, Norway, Faroe Islands, Ireland and the Netherlands, and has
three fields in production in the UK part of the North Sea. In addition to
this, the Group has one field under development with first oil expected in
2016, two additional potential development projects and a substantial number of
exploration prospects. Atlantic Petroleum participates in joint ventures with
30 reputable, international partners. Atlantic Petroleum?s main office is
located in Tórshavn, Faroe Islands, and the Company has subsidiaries and
technical offices in London, UK and Bergen, Norway. Atlantic Petroleum?s
existing shares are listed on NASDAQ OMX Copenhagen and on Oslo Børs.
Further Details:
Further details can be obtained from Ben Arabo, CEO, tel +298 350100
([email protected]). This announcement will be available, together with
other information about Atlantic Petroleum, on the Company's website:
www.petroleum.fo.
On the website, it is also possible to sign up for the Company?s e-mail
newsletter.
Announcement no.26/2014
Issued 02-06-2014
P/F Atlantic Petroleum
Yviri við Strond 4
P.O. Box 1228
FO-110 Tórshavn
Faroe Islands
Telephone +298 350 100
Fax +298 350 101
Website: www.petroleum.fo
E-mail: [email protected]