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2010-10-27 15:05:34 CEST 2010-10-27 15:06:22 CEST REGULATED INFORMATION Atlantic Petroleum P/F - Company AnnouncementAtlantic Petroleum granted two UK 26th Round exploration licencesTórshavn, Faroe Islands, 27th October 2010 - Following an announcement by DECC today, P/F Atlantic Petroleum (OMX:FO-ATLA) announces that they have been granted two new licences in the UK 26th Round. One of the licences that has been granted by DECC (Department of Energy & Climate Change) contains Block 14/9 and part of Block 14/14, which contain the Anglesey prospect, and Block 14/15 which contains a number of further prospects. Equities in the licence will be Atlantic Petroleum 30% and Silverstone CNS Limited (now Bridge Energy ASA) 70% (operator). The other licence contains part of Block 21/30e, on which a number of prospects have been identified. Equities in the licence will be Atlantic Petroleum 20%, Silverstone CNS Limited (now Bridge Energy) 40% (operator) and Idemitsu Petroleum UK Ltd 40%. Ben Arabo, Atlantic Petroleum's CEO, stated: “We are delighted to have been granted these two licences. These awards are an important step in our ongoing efforts to strengthen our exploration portfolio. We also look forward to cooperating with two new partners.” 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. 26/2010 Issued 27-10-2010 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 Mail: petroleum@petroleum.fo Faroe Islands |
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