Tórshavn, Faroe Islands, 2015-12-03 08:23 CET (GLOBE NEWSWIRE) --
P/F Atlantic Petroleum (NASDAQ OMX COPENHAGEN: ATLA DKK & Oslo Stock Exchange:
ATLA NOK) today announces that during the month of November, Atlantic Petroleum
produced a net total of 37,000 barrels of oil equivalents (boe) from the
Chestnut, Ettrick and Blackbird fields. The average daily production was 1,233
boe per day net to the Company.
Production in November is lower than previous month and reflects the decision
to go into default on the Ettrick and Blackbird fields. Atlantic Petroleum is
preparing an offer to exit the Ettrick and Blackbird fields.
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 29 oil and gas
licences in the UK, Norway and Ireland, 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 P/F is based in Tórshavn, Faroe
Islands, and the Company has subsidiaries and offices in London, UK and Bergen,
Norway. Atlantic Petroleum?s existing shares are listed on NASDAQ OMX
Copenhagen and on Oslo Stock Exchange.
Further Details:
Further details can be obtained from Ben Arabo, CEO, tel +298 550100
(ben.arabo@petroleum.fo). 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.36/2015
Issued 03-12-2015
P/F Atlantic Petroleum
Yviri við Strond 4
P.O. Box 1228
FO-110 Tórshavn
Faroe Islands
Telephone +44 208 834 1045
Fax +44 208 834 1125
Website: www.petroleum.fo
E-mail: petroleum@petroleum.fo