Atlantic Petroleum emerged from the second quarter with a profit of DKK 1.1 million after tax (EUR 150,000). Net equity, however, remains negative, shows the report. The small Faroese oil company is attempting to find its feet after several years of major economic difficulties and a divestment of the main assets.
Revenue in the period amounted to DKK 6.7 million, which stems from the May sale of Atlantic Petroleum's share in the Orlando oil field in the sea northeast of the UK.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
Get full access for you and your coworkers.Start a free company trial today
Your trial for EnergyWatch has now started
With your free trial you get:
Full access to all locked articles on EnergyWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.