Tórshavn, Faroe Islands, 2024-11-29(GLOBE NEWSWIRE) -- P/F Atlantic Petroleum (NASDAQ Copenhagen: ATLA DKK) today posts its 3rd quarter results for 2024. This announcement should be read in conjunction with Atlantic Petroleum's Condensed Consolidated Interim Report, which is released separately and posted on the Company's website.

Highlights for Q3 2024:

G&A cost was DKK 1.7MM

Operating profit was DKK 2.1MM

Net loss was DKK 0.8MM

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Net assets/share-holders equity was DKK -115.3MM

Bank debt was DKK 59.4MM

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 and offices in the UK. Atlantic Petroleum's shares are listed on NASDAQ OMX Copenhagen.

Further Details:

Further details can be obtained from Mark T. Højgaard, ([email protected]). This announcement will be available, together with other information about Atlantic Petroleum, on the Company's website: www.petroleum.fo.

Announcement no.: 7/2024

Issued: 29-11-2024

P/F Atlantic Petroleum

Lucas Debesargøta 8

P.O.Box 1228

FO-110 Torshavn

Faroe Islands

Website: www.petroleum.fo

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