Brief: Atlantic Petroleum Q1 EBITDAX swings to loss; adjusted production target
27/05/2015 06:47
May 27 (Reuters) - Atlantic Petroleum P/F ATLA.CO :
* Q1 EBITDAX loss 28.2 million Danish crowns ($4.13 million)versus profit 47.5 million
crowns year ago
* Q1 revenue 39.1 million crowns versus 112.7 million crowns year ago
* Says 2015 financial target is positive EBITDAX
* Says adjusts production target for 2015 to 520,000 boe
* Reasons for adjustment are lower than expected production in the first quarter and the
reduced expenditure on projects that are no longer economic at current prices
Source text for Eikon: ID:nCSE5RHx
Further company coverage: ATLA.CO
($1 = 6.8340 Danish crowns)
(Gdynia Newsroom)
((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))
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