P/F Atlantic Petroleum announced production results for the year to date ended December 15, 2014. For the period, the company reported actual production of 557,400 boe.

The company revised annual production guidance for the year 2014 to 1,520 - 1,600 boepd or 554,800 ­- 584,000 boe.

The 2015 production is expected to be roughly the same as the 2014 production.

Total capital expenditure for 2015 is expected to be around DKK 110 million, whereas DKK 80-85 million is related to production and development. A large proportion of this is related to the ongoing Orlando development project. The expected exploration capex for 2015 is around DKK 25-30 million, a reduction of about 75% from 2014.