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2012-10-26 08:03:10 CEST 2012-10-26 08:04:09 CEST REGULATED INFORMATION Atlantic Petroleum P/F - FyrirtækjafréttirFour licences offered for award in the UK 27th RoundTórshavn, Faroe Islands, 2012-10-26 08:03 CEST (GLOBE NEWSWIRE) -- P/F Atlantic Petroleum (OMX: FO-ATLA) today announces that Atlantic Petroleum UK (a wholly owned subsidiary of P/F Atlantic Petroleum) has been offered for award four licences in the UK 27th Round. The licence details are as follows: -- Block 15/16e. DEO (now Parkmead) (Operator) 34%, Atlantic Petroleum UK 33% and Faroe Petroleum 33% -- Blocks 30/12c, 30/13c & 30/18c. Parkmead (Operator) 30.5%, Atlantic Petroleum UK 30.5%, Bridge 25% and Dyas 14% -- Block 205/12. Parkmead (Operator) 30%, Atlantic Petroleum UK 30%, Summit 26%, Dyas 14% -- Blocks 205/23, 205/24, 205/25, 205/28, 205/29 & 205/30. Parkmead (Operator) 43%, Atlantic Petroleum UK 43% and Dyas 14% These four licences are part of the 167 licences that DECC has offered to partnership groups, covering 330 blocks or part blocks. A further 61 blocks are still outstanding and are under environmental assessment. Atlantic Petroleum applied for five licences in the areas that are still outstanding. Atlantic Petroleum applied for 9 licences in total. 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. 29/2012 Issued 26-10-2012 P/F Atlantic Petroleum Yviri við Strond 4 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 |
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