Atlantic Petroleum P/F - Changes in company's own shares

Acquisition of Own Shares

Tórshavn, Faroe Islands, 2011-06-01 19:12 CEST (GLOBE NEWSWIRE) -- P/F Atlantic
Petroleum (OMX: FO-ATLA) announces acquisition of own shares. P/F Atlantic
Petroleum today has purchased 173,250 shares at DKK 208 per share from P/F TF
Holding. 



See attachment





Further Details:

Further details can be obtained from Ben Arabo, CEO, tel +298 350100
(ben.arabo@petroleum.fo). This announcement will be available, together with
other information about Atlantic Petroleum, on the Company's website:
www.petroleum.fo. 

On the website, it is also possible to sign up for the Company's e-mail
newsletter. 



Announcement no. 23/2011

Issued 01-06-2011


         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
         E-mail: petroleum@petroleum.fo

Attachments:

23-2011 Acquisition of Own Shares_Attachment.pdf