Atlantic Petroleum P/F - Company Announcement

Operations update December 2012

Tórshavn, Faroe Islands, 2013-01-03 08:53 CET (GLOBE NEWSWIRE) -- Atlantic
Petroleum (OMX: FO-ATLA) today announces that during the month of December
2012, the Group produced a net total of 77,000 barrels of oil equivalents (boe)
from the Chestnut, Ettrick and Blackbird fields. The average daily production
was 2,484 boe per day net to Atlantic Petroleum. Total production in 2012 was
approximately 928,000 boe and average daily production 2,536 boe per day net to
the Group. 



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. 1/2013

Issued 03-01-2013


         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