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Oil Gas Drilling Exploration

Atlantic Oil & Gas (AOGC) is a public company engaged in the acquisition, exploration, and development of oil and natural gas properties, primarily in the United States. The company's stock symbol is AOGN, and it is listed on the NASDAQ stock exchange.

In terms of financials, AOGC reported revenues of $8.2 million for the quarter ended September 30, 2021, representing a decrease of 39.5% compared to the same period in the previous year. The company's net loss for the quarter was $2.8 million, compared to a net loss of $3.7 million in the year-ago quarter.

Earnings per share (EPS) for the quarter were a loss of $0.08, compared to a loss of $0.12 in the same period last year. For the first nine months of 2021, AOGC reported revenues of $31.3 million, a decrease of 37.6% compared to the same period in 2020. The company's net loss for the first nine months was $13.5 million, compared to a net loss of $17.6 million in the same period last year.

As for growth, AOGC has been focusing on expanding its operations in the Anadarko Basin, a prolific oil and gas producing region in Oklahoma and Texas. The company has been acquiring leases and drilling wells in the basin, and has reported positive results from its operations. However, the decrease in revenues and net loss in 2021 may indicate that the company is facing challenges in the current market conditions.

It is important to note that investing in stocks, particularly in the oil and gas industry, can be volatile and carries risks. Investors should conduct their own research and consider seeking advice from financial advisors before making investment decisions.