Brief: Atlantic Petroleum To Take Up Negotiations With Creditors

Atlantic Petroleum P/F

31/05/2024 15:06

May 31 (Reuters) - Atlantic Petroleum P/F  ATLA.CO :
    * EXPECTATION IS THAT ORLANDO FIELD WILL CONTINUE TO PRODUCE
AT
STABLE RATES IN 2024
    * BOARD WILL IMMEDIATELY TAKE UP NEGOTIATIONS WITH CREDITORS
ON
AGREEMENT REDUCING OVERALL DEBT SIGNIFICANTLY
    * UNLIKELY THAT ORLANDO REVENUE SHARE CAN COVER TOTAL DEBT
OF CO
    * UNLESS AGREEMENT REDUCING OVERALL DEBT IS ACHIEVED IT IS
UNLIKELY THAT COMPANY CAN CONTINUE AS GOING CONCERN

Source text for Eikon:  ID:nGNE456l8Y 
Further company coverage:  ATLA.CO 

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