Atlantic Petroleum aims to negotiate debt reduction with creditors to avoid financial concerns

From GlobeNewswire: 2024-12-30 20:59:27

Atlantic Petroleum (NASDAQ OMX: ATLA DKK) updates on debt situation. Board aims to negotiate significant debt reduction with creditors to avoid going concern status. Deadline set for debt solution in 2024. Currently in active negotiations with London Oil & Gas Limited (In Administration) for debt reduction. Further negotiations ongoing to reach a solution with creditors. Company may face inability to continue if no debt solution is achieved. More updates to come by March 31, 2025. Atlantic Petroleum engages in oil and gas joint ventures with international partners, based in Tórshavn, Faroe Islands. Shares listed on NASDAQ OMX Copenhagen. Contact Mark T. Højgaard for further details. Website: www.petroleum.fo.



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