Brief: Atlantic Petroleum Q4 Net Loss Widens To DKK 7.2 Mln

Atlantic Petroleum P/F

31/03/2023 15:03

March 31 (Reuters) - Atlantic Petroleum P/F  ATLA.CO :
    * REG-ATLANTIC PETROLEUM POSTS NET PROFIT OF DKK 0.3MM FOR
2022
    * Q4 NET LOSS OF DKK 7.2MM (4Q 2021: LOSS OF DKK 1.6MM)
    * EXPECTS TO BE CASH GENERATING IN 2023 IF OPERATIONS ON
ORLANDO
FIELD PROCEED AS PLANNED
    * TOTAL DEBT IS EXPECTED THE DECREASE IN 2023
    * THERE IS STILL UNCERTAINTY REGARDING THE GOING CONCERN
STATUS OF
THE GROUP
    * ABILITY OF THE GROUP TO CONTINUE AS A GOING CONCERN IS
DEPENDENT
ON A DEBT SOLUTION ON THE BANK DEBT AND THE CONVERTIBLE DEBT

Source text for Eikon:  ID:nGNE1nMKsq 
Further company coverage:  ATLA.CO 

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