Brief: Atlantic Petroleum Announces Update on Orlando Field Production

Atlantic Petroleum P/F

15/11/2019 21:26

Nov 15 (Reuters) - Atlantic Petroleum P/F  ATLA.CO :
    * REG-ATLANTIC PETROLEUM - ORLANDO FIELD PRODUCTION UPDATE
    * LICENCE OPERATOR'S VIEW ON ORLANDO ESTIMATED 2P
RECOVERABLE
RESERVES REMAINED UNCHANGED AT CIRCA 10 MMBBLS
    * CO HAS NOT RECEIVED ANY FURTHER UPDATE ON A POTENTIAL
WORKOVER
    * ATLANTIC PETROLEUM-CO'S MANAGEMENT IS CURRENTLY IN PROCESS
OF
RE-EVALUATING ASSET & EXPECTS TO DOWNGRADE ASSET'S VALUE TO
REFLECT CONFIRMED PRODUCTION
    * PRODUCTION FROM ORLANDO FIELD OVER LAST THREE MONTHS HAS
AVERAGED APPROXIMATELY 3,300 BOPD EXCLUDING PLANNED DOWNTIME
    * CO HAS NO VISIBILITY OF LICENCE OPERATOR'S EFFORTS TO
INCREASE
PRODUCTION

Source text for Eikon:  ID:nGNE5WBVD8 
Further company coverage:  ATLA.CO 

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