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2008-10-17 17:46:18 CEST 2008-10-17 17:47:06 CEST REGULATED INFORMATION Atlantic Petroleum P/F - Company AnnouncementSuspension of market making in Iceland - no impact on trading in CopenhagenAnnouncement from P/F Atlantic Petroleum (FO-ATLA) Suspension of market making in Iceland - no impact on trading in Copenhagen Tórshavn, Faroe Islands 17th October 2008 - P/F Atlantic Petroleum (OMX: FO-ATLA) the international upstream oil and gas company, today announced, that the market making on NASDAQ OMX Iceland has been suspended by the market maker in P/F Atlantic Petroleum shares, P/F Eik Banki. The suspension does not affect the trading in Atlantic Petroleum shares on NASDAQ OMX Copenhagen. P/F Atlantic Petroleum has been informed that due to the unstable conditions on the Icelandic money transactions market, the market maker in P/F Atlantic Petroleum shares on NASDAQ OMX Iceland, P/F Eik Banki is unable to guarantee the security of trading and clearing of transactions of P/F Atlantic Petroleum shares traded on the NASDAQ OMX Iceland. Therefore, the market maker, P/F Eik Banki has chosen to suspend the market making on NASDAQ OMX Iceland until such secure trading and clearing conditions can be guaranteed. Commenting on the suspension of market making on NASDAQ OMX Iceland Wilhelm Petersen, Managing Director of P/F Atlantic Petroleum, said: “The suspension of the market making on the NASDAQ OMX Iceland is a regrettable situation for our investors and shareholders in Iceland, but for the time being, we can point to the NASDAQ OMX Copenhagen for undisturbed trading in P/F Atlantic Petroleum shares." Further Details Further details can be obtained from Wilhelm Petersen, Managing Director, tel +298 350 100 (wilhelmp@petroleum.fo) or Teitur Samuelsen, Financial Manager, tel +298 350 100 (teiturs@petroleum.fo). This announcement will be available, together with other information about Atlantic Petroleum, on the Company's website: www.petroleum.fo. Suspension of market making in Iceland - no impact on trading in Copenhagen Issued 17-10-2008 P/F Atlantic Petroleum Gongin 9 P.O. Box 1228 FO-110 Tórshavn Faroe Islands Telephone +298 350 100 Fax +298 350 101 Website: www.petroleum.fo |
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