Atlantic Petroleum P/F - Fyrirtækjafréttir

Operation update April 2011

Tórshavn, Faroe Islands, 2011-05-02 15:32 CEST (GLOBE NEWSWIRE) -- P/F Atlantic
Petroleum (OMX: FO-ATLA) today announces that during the month of April,
Atlantic Petroleum produced a net total of 73,000 barrels of oil equivalents
(boe) from the Chestnut and Ettrick fields. The average daily production was
2,433 boe per day net to the Company. 





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. 16/2011

Issued 02-05-2011


         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