Tórshavn, Faroe Islands, 2012-01-04 12:10 CET (GLOBE NEWSWIRE) -- P/F Atlantic Petroleum (OMX: FO-ATLA) today announces that during the month of December, Atlantic Petroleum produced a net total of 85,000 barrels of oil equivalents (boe) from the Chestnut, Ettrick and Blackbird fields. The average daily production was 2,742 boe per day net to the Company. Average daily production in 2011 was 2,020 boepd which is within the previously announced guidance range of 2,000 to 2,300 boepd.
Ben Arabo, CEO commented:
“We are pleased to end 2011 with strong production from our three fields and with the 5 new UK licenses offered for award, as announced 30th December. This gives us an encouraging start to 2012 and we look forward to working on the new licences and the rest of our acreage portfolio in the New Year.”
Further Details:
Further details can be obtained from Ben Arabo, CEO, tel +298 350100 (ben.arabo@petroleum.fo). This announcement will be available, together with other information about Atlantic Petroleum, on the Company's website: www.petroleum.fo.
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Announcement no. 01/2012
Issued 04-01-2012
P/F Atlantic Petroleum
Gongin 9
P.O. Box 1228
FO-110 Tórshavn
Faroe Islands
Telephone +298 350 100
Fax +298 350 101
Website: www.petroleum.fo
E-mail: petroleum@petroleum.fo