2 days Ago By [email protected] (MENAFN)
Referring to the press release issued 30/12-2024 concerning debt negotiations, Atlantic Petroleum has not been able to come to an agreement with its main creditors. Negotiations are in the final stages, but it is not certain that an acceptable solution will be achieved within the timeframe available. If no debt solution is achieved, the Group is unable to continue as a going concern.
A final update on debt will be issued by 4 th April, at the latest. The annual accounts for 2024 will be postponed. Pending a debt solution over the next days, the annual accounts for 2024 will be released on the 30 th April.
Atlantic Petroleum in brief: Atlantic Petroleum participates in oil and gas joint ventures with reputable, international partners. Atlantic Petroleum P/F is based in Tórshavn, Faroe Islands, and the Company currently has subsidiaries in the UK and Ireland. Atlantic Petroleum's shares are listed on NASDAQ OMX Copenhagen.
Further Details: Further details can be obtained from Mark T. Højgaard, (..
. ). This announcement will be available, together with other information about Atlantic Petroleum, on the Company's website: Announcement no.
: 1/2025 Issued: 31-03-2025 P/F Atlantic Petroleum Lucas Debesargøta 8 P.O.Box 1228 FO-110 Torshavn Faroe Islands Website: MENAFN31032025004107003653ID1109375580 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind.
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