Brief: Atlantic Petroleum PL802 farm down and PL602 withdrawal

Atlantic Petroleum P/F

27/05/2015 06:26

May 27 (Reuters) - Atlantic Petroleum P/F  ATLA.CO :  
    * Says Statoil will exercise their option to take 10 pct 
of the PL802 licence in the Norwegian Sea 
    * This will leave Atlantic Petroleum with 10 pct equity in 
License PL802 containing a number of high impact prospects 
    * Following receipt of a further drilling proposal on the 
Gymir prospect on Licence PL602, Atlantic Petroleum announces 
that it has submitted a notice of withdrawal from the License 
    * The PL602 withdrawal means that the company will 
relinquish its 7.5% interest in PL602 including the Roald Rygg 
discovery 
    * A non-cash pre-tax write down of an estimated 20 million 
Norwegian crowns will be taken in Q2 2015 
 
     
Source text: http://bit.ly/1KyY627 
     
Further company coverage:  ATLA.CO  
 
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