Brief: Atlantic Petroleum To Keep Activity At Minimum Until End-2025
01/12/2025 06:39
Dec 1 (Reuters) - P/F Atlantic Petroleum ATLA.CO: REPORTED ON FRIDAY 9-MONTH NET LOSS OF DKK 2.1 MLN CASHFLOW SITUATION WILL STILL BE TIGHT IN 2025, ACTIVITY LEVEL TO BE KEPT AT MINIMUM UNTIL END-2025 DEBT RESTRUCTURING IS A PRE-REQUISITE FOR THE COMPANY TO CONTINUE GIVEN RELATIVE SHORT LIFESPAN REMAINING ON ORLANDO FIELD, IT IS NECESSARY TO REPLACE IT TO GROW IN THE FUTURE BOARD WILL PRIORITISE REVIEWING NEW POSSIBLE OPPORTUNITIES IN THE MARKET IN 2025 Source text Further company coverage: ATLA.CO (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
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