P/F Atlantic Petroleum announced that during the month of October, Atlantic Petroleum produced a net total of 51,000 barrels of oil equivalents (boe) from the Chestnut, Ettrick and Blackbird fields. The average daily production was 1,645 boe per day (boepd) net to the Company. This is lower than September due to a short planned shutdown on Chestnut and minor production interruptions on Ettrick and Blackbird.

The company lowers its production guidance for the year to 1,520 boepd to 1,600 boepd. This is due to a combination of the second Blackbird well coming on stream later than planned, longer than anticipated annual shut-down on the Aoka Mizu FPSO and an operational issue with one of the Chestnut wells. The plan is to rectify the operational issue on the Chestnut well towards the end of the year.

EBITDAX guidance remains as previously announced (DKK 125 million to DKK 175 million).