Atlantic Petroleum - Aoka Mizu FPSO vessel arrives at the Ettrick field location
12904 fcras 4/6 2009 13:55
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Announcement from P/F Atlantic Petroleum (FO-ATLA)
Aoka Mizu FPSO vessel arrives at the Ettrick field location
Tórshavn, Faroe Islands, 3rd June 2009 - P/F Atlantic Petroleum (OMX: FO-ATLA) the international upstream oil and gas company, announces that the Aoka Mizu FPSO vessel left Rotterdam on 31st May and sailed to the Ettrick field location. The vessel reached the field today at around 07.00 hours and will commence hook-up activities and final commissioning. First oil is predicted to start in one month.
The Aoka Mizu Floating Production, Storage and Offloading vessel will be leased from Bluewater and is designed to handle up to 30,000 barrels per day oil and 35 MMscfpd of gas. Once production starts, net production to Atlantic Petroleum is expected to be at rates of around 1,650 boepd.
Partners in the licence are Nexen (operator) 79.73%, Dana 12% and Atlantic Petroleum 8.27%.
Wilhelm Petersen, CEO, commented:
“We are proud to bring this message to our shareholders. It has taken time and effort by all involved to bring the Ettrick field to this stage. Atlantic Petroleum will soon have two fields on stream, which gives the company an excellent platform for further growth. Also there are a number of additional opportunities around Ettrick which may have significant impact on the future development of the area.”
Further details can be obtained from Wilhelm Petersen, CEO, tel +298 350 100 (wilhelmp@petroleum.fo) or Teitur Samuelsen, Financial Manager, tel +298 350 100 (teiturs@petroleum.fo).
This announcement will be available, together with other information about Atlantic Petroleum, on the Company's website: www.petroleum.fo. On the website, it is also possible to sign up for the Company e-mail newsletter.
Announcement no 10/2009
Issued 03.06.2009
P/F Atlantic Petroleum
Gongin 9
P.O.Box 1228
FO-110 Tórshavn
Faroe Islands
Telephone +298 350 100
Fax +298 350 101
petroleum@petroleum.fo
www.petroleum.fo
Announcement from P/F Atlantic Petroleum (FO-ATLA)
Aoka Mizu FPSO vessel arrives at the Ettrick field location
Tórshavn, Faroe Islands, 3rd June 2009 - P/F Atlantic Petroleum (OMX: FO-ATLA) the international upstream oil and gas company, announces that the Aoka Mizu FPSO vessel left Rotterdam on 31st May and sailed to the Ettrick field location. The vessel reached the field today at around 07.00 hours and will commence hook-up activities and final commissioning. First oil is predicted to start in one month.
The Aoka Mizu Floating Production, Storage and Offloading vessel will be leased from Bluewater and is designed to handle up to 30,000 barrels per day oil and 35 MMscfpd of gas. Once production starts, net production to Atlantic Petroleum is expected to be at rates of around 1,650 boepd.
Partners in the licence are Nexen (operator) 79.73%, Dana 12% and Atlantic Petroleum 8.27%.
Wilhelm Petersen, CEO, commented:
“We are proud to bring this message to our shareholders. It has taken time and effort by all involved to bring the Ettrick field to this stage. Atlantic Petroleum will soon have two fields on stream, which gives the company an excellent platform for further growth. Also there are a number of additional opportunities around Ettrick which may have significant impact on the future development of the area.”
Further details can be obtained from Wilhelm Petersen, CEO, tel +298 350 100 (wilhelmp@petroleum.fo) or Teitur Samuelsen, Financial Manager, tel +298 350 100 (teiturs@petroleum.fo).
This announcement will be available, together with other information about Atlantic Petroleum, on the Company's website: www.petroleum.fo. On the website, it is also possible to sign up for the Company e-mail newsletter.
Announcement no 10/2009
Issued 03.06.2009
P/F Atlantic Petroleum
Gongin 9
P.O.Box 1228
FO-110 Tórshavn
Faroe Islands
Telephone +298 350 100
Fax +298 350 101
petroleum@petroleum.fo
www.petroleum.fo
9/6 2009 16:22 Kenddinvare 0
13229 Jeg læser dagens meddelelse, som at finansiering ophører som et hovedproblem og kursen derfor kan sættes i forhold til forretningen.
Dog kræves en kapitalforhøjelse og bankerne sætter sig hårdt på den finansielle kontrol af selskabet.
CEO mener "at det er godt nyt for aktionærerne." og "regner med, at aktieudvidelse vil blive afviklet i løbet af efteråret, og den skulle gerne give olieselskabet et provenu på over 200 mio. kr. "
Mon ikke den skal 4-8% op på denne nyhed.
"Olie- og gasselskabet Atlantic Petroleum meddeler i dag, at første del af deres refinansiering er faldet på på plads.
Fristen for tilbagebetaling af deres bridgelån er blevet forlænget fra 31. juli 2009 og 31. december 2009 til 31. december 2010, skriver selskabet i en børsmeddelelse.
Det skyldes bl.a. en forventet kapitalforhøjelse samt eventuelle nye lån.
Som led i aftalen har långiverne Føroya Banki og Eik Bank fået mere magt. Desuden vil bankerne have indsat tre bestyrelsesmedlemmer, og heraf skal en være formand. Selskabet vil holde et ekstraordinært generalforsamling før 1. juli 2009, hvor de vil foreslå de tre nye bestyrelsesmedlemmer.
Kjartan Hoydal er trådt tilbage som bestyrelsesformand og vil frem til generalforsamlingen blive erstattet af Poul Mohr."
Dog kræves en kapitalforhøjelse og bankerne sætter sig hårdt på den finansielle kontrol af selskabet.
CEO mener "at det er godt nyt for aktionærerne." og "regner med, at aktieudvidelse vil blive afviklet i løbet af efteråret, og den skulle gerne give olieselskabet et provenu på over 200 mio. kr. "
Mon ikke den skal 4-8% op på denne nyhed.
"Olie- og gasselskabet Atlantic Petroleum meddeler i dag, at første del af deres refinansiering er faldet på på plads.
Fristen for tilbagebetaling af deres bridgelån er blevet forlænget fra 31. juli 2009 og 31. december 2009 til 31. december 2010, skriver selskabet i en børsmeddelelse.
Det skyldes bl.a. en forventet kapitalforhøjelse samt eventuelle nye lån.
Som led i aftalen har långiverne Føroya Banki og Eik Bank fået mere magt. Desuden vil bankerne have indsat tre bestyrelsesmedlemmer, og heraf skal en være formand. Selskabet vil holde et ekstraordinært generalforsamling før 1. juli 2009, hvor de vil foreslå de tre nye bestyrelsesmedlemmer.
Kjartan Hoydal er trådt tilbage som bestyrelsesformand og vil frem til generalforsamlingen blive erstattet af Poul Mohr."
