P/F Atlantic Petroleum announced the Orlando field production results following the disclosure of production information from the Licence Operator under the terms of the associated Sale and Purchase Agreement (SPA) with Decipher Energy. Orlando Update: The Licence Operator, Decipher Production, announced on the 23rd August 2019 that as a result of issues with the upper completion, peak rates have been restricted to around 5,000 bopd. The Licence Operator’s view on Orlando estimated 2P recoverable reserves remained unchanged at circa 10 MMbbls. The Licence Operator stated that they were reviewing whether a workover may be required to deliver the planned peak production rates from the field. Atlantic Petroleum has not received any further update on a potential workover. Production from the Orlando field over the last three months has averaged approximately 3,300 bopd excluding planned downtime. Due to the limited operational data available to Atlantic Petroleum under the terms of the SPA, Atlantic Petroleum has no visibility of the Licence Operator's efforts to increase production. Atlantic Petroleum has requested a production forecast from Decipher Energy to use for guidance purposes but Decipher has not provided Atlantic Petroleum with such a forecast. Therefore, the Company will be working on the assumption that the current production rates will prevail in the near term.