Brief: Oil firm Atlantic Petroleum will not repay debt to Eik Bank

Atlantic Petroleum P/F

30/12/2015 17:36

Dec 30 (Reuters) - Oslo-listed Atlantic Petroleum  ATLA.CO  
says:  
    * The company is not paying a DKK 19.5 million instalment on 
the DKK 58.5 million debt to Eik Bank  FOEIK.UL  this December.  
    * The DKK 58.5 million was to be paid back in three equal 
instalments in December 2015, December 2016, and December 2017.  
    * Management is in close dialogue with Eik Bank on resolving 
the issue, and is keeping the bank up to date with the progress 
on the wider issues for the company and the efforts trying to 
secure a commercial solution to Orlando, as updated to the 
market 24th December. 
 
Further company coverage:  ATLA.CO  
 
 (Reporting by Gwladys Fouche) 
 ((gwladys.fouche@thomsonreuters.com))