EnergyWatch

Large deficits send Atlantic Petroleum's equity plunging

The company's net equity has plunged to a negative EUR 20.1 million after a huge deficit.

Photo: Atlantic petroleum / PR

Atlantic Petroleum delivered yet another huge deficit in 2017, sending the company's equity plunging into an even greater deficit of DKK 150 million (EUR 20.1 million), according to a brief press release published ahead of the annual report due April 6.

The result after tax arrived at a DKK 67.7 million net deficit after a DKK 58.1 million loss in the fourth quarter. The figures are attributed to the company's impairments of exploration activities, reduced down to zero.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Danish carbon storage can run at max from day one

TotalEnergies can't see the need to pilot carbon storage under the Harald field in the Danish North Sea. Rather, the supermajor wants to begin at full scale if the Bifrost project manifests. Although much now depends on two forthcoming events: presentation of political strategy and allocation of EUDP money.

Europe’s carbon price has almost tripled in 2021

European carbon futures rose above EUR 80 a tonne on Friday for the first time, testing the resolve of politicians who are promising to act aggressively on climate change while grappling with inflation that’s tearing into economies across the globe.

Further reading

Related articles

Latest News

See all jobs