Atlantic Petroleum – Condensed Consolidated Interim Report

Group 1 - The company reported a General & Administrative (G&A) cost of DKK 0.4 million for Q2 2025 [2] - The operating loss for the quarter was DKK 3.2 million, while the net loss amounted to DKK 2.5 million [2] - The net assets/shareholders' equity stood at DKK -115.0 million, with bank debt recorded at DKK 59.4 million [2] Group 2 - The company reached an agreement with its main creditors on April 4, 2025, to reduce its debt by at least DKK 90 million, with the restructuring process actively progressing [2] - The completion of the debt restructuring is anticipated to be finalized in the third quarter of 2025 [2] - The company's ability to continue as a going concern is dependent on the successful completion of the restructuring and cash flows from its interest in the Orlando field [3] Group 3 - Atlantic Petroleum participates in oil and gas joint ventures with reputable international partners and is based in Tórshavn, Faroe Islands [4] - The company has subsidiaries and offices in the UK, and its shares are listed on NASDAQ OMX Copenhagen [4]