Tórshavn, Faroe Islands, 2015-11-19 18:27 CET (GLOBE NEWSWIRE) -- P/F Atlantic Petroleum (NASDAQ OMX: ATLA DKK & Oslo Stock Exchange: ATLA NOK) announces that further to the press release issued by Atlantic Petroleum yesterday 18th November, the company is still evaluating the situation following the announcement 18th November at 1300 GMT by Iona Energy, saying that their restructuring cannot be completed as proposed, and what this means for the Orlando project and Atlantic Petroleum. This will be done over the coming days.
As a consequence of the situation Atlantic Petroleum postpones the issuing of the Q3 accounts from 25th November to 30th November. Therefore the financial calendar for 2015 is reissued to announce a changed 3rd Quarter 2015 Condensed Consolidated Interim Report date from 25th November 2015 to 30th November 2015:
- Wednesday 25th March 2015: Annual Financial Statement 2014 to be issued
- Friday 24th April 2015: Annual General Meeting
- Wednesday 27th May 2015: 1st Quarter 2015 Condensed Consolidated Interim Report to be issued
- Thursday 27th August 2015: 2nd Quarter 2015 Condensed Consolidated Interim Report to be issued
- Monday 30th November 2015: 3rd Quarter 2015 Condensed Consolidated Interim Report to be issued
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 37 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.33/2015
Issued 19-11-2015
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