Atlantic Petroleum P/F - Managers' transactions

Related Party Trading

Tórshavn, Faroe Islands, 14th October 2009 - P/F Atlantic Petroleum (OMX:
FO-ATLA) the international upstream oil and gas company, announces related
party trading. 

See attachment.

Further details can be obtained from Wilhelm Petersen, CEO, tel +298 350 100
(wilhelmp@petroleum.fo) or Teitur Samuelsen, Financial Manager, tel +298 350
100 (teiturs@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 e-mail newsletter. 

Announcement  no. 29/2009		                                Issued 14-10-2009

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

Attachments:

29-2009 notification of related party trading to nasdaqomx - marita í j. - call options.pdf