Atlantic Petroleum P/F - Company Announcement

Successful Blackbird well test appraisal

Tórshavn, Faroe Islands, 9th August 2010 - P/F Atlantic Petroleum (OMX:FO-ATLA)
announces test update of the Blackbird discovery in the UK Central
North Sea.

The 20/2a-9 well, operated by Nexen, was drilled in a water depth of
approximately 367 feet to a total measured depth of 12,000 feet targeting a
high quality Upper Jurassic oil discovery. 

It encountered 389' of gross pay and 90' of net pay. The well flowed at a
facilities constrained stable flowrate of 7000 bopd through a 38/64" choke. 

The well has already been completed and will be suspended for future use as an
oil producer, through a potential future tie back to the Ettrick FPSO 

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. 17/2010		                      Issued 09-08-2010


P/F Atlantic Petroleum 	                                 Telephone +298 350 100
Gongin 9		                                       Fax +298 350 101
P.O. Box 1228		                              Website: www.petroleum.fo
FO-110 Tórshavn 	                         E-mail: petroleum@petroleum.fo	
Faroe Islands