Atlantic Petroleum P/F - Fyrirtækjafréttir

The Board of Oslo Børs approves P/F Atlantic Petroleum for listing on Oslo Børs

Tórshavn, Faroe Islands, 2013-12-04 19:18 CET (GLOBE NEWSWIRE) -- P/F Atlantic
Petroleum announces that the Board of Directors of Oslo Børs today resolved to
admit the shares in P/F Atlantic Petroleum for listing on Oslo Børs. The Board
has stipulated that the Company prior to the first day of listing must satisfy
the requirement for having 200 shareholders registered in the Norwegian Central
Securities Depository (VPS). If the requirement for the number of shareholders
is not met, the Company will be accepted for listing on Oslo Axess, provided
that the requirement of having 100 shareholders registered in the VPS is
satisfied. The Board has authorised the Chief Executive Officer of Oslo Børs to
decide whether the Company should be listed on Oslo Børs or Oslo Axess. 



About Atlantic Petroleum

Atlantic Petroleum is a full cycle exploration and production (E&P) Group
focused on North West Europe. Atlantic Petroleum currently holds 40 oil and gas
licences in the UK, Norway, Faroe Islands, Ireland and the Netherlands, and has
three fields in production in the UK part of the North Sea. In addition to
this, the Group has one field under development with first oil expected in
2015, two additional potential development projects and a substantial number of
exploration prospects. Atlantic Petroleum participates in joint ventures with
30 reputable, international partners. Atlantic Petroleum's main office is
located in Tórshavn, Faroe Islands, and the Company has subsidiaries and
technical offices in London, UK and Bergen, Norway. Atlantic Petroleum's
existing shares are listed on NASDAQ OMX Copenhagen and NASDAQ OMX Iceland. The
Company has applied for a delisting from NASDAQ OMX Iceland, which is expected
to be effective shortly after completion of the Offering on Oslo Børs. 



Announcement no. 51/2013

Issued 04-12-2013