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 can be obtained from Ben Arabo, CEO, tel +298 350100 (email@example.com). This announcement will be available, together with other information about Atlantic Petroleum, on the Company's website: www.petroleum.fo.
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P/F Atlantic Petroleum
Yviri við Strond 4
P.O. Box 1228
Telephone +298 350 100
Fax +298 350 101