Atlantic Petroleum P/F - Fyrirtækjafréttir

Atlantic Petroleum completes acquisition of Emergy Exploration AS

Tórshavn, Faroe Islands, 2012-11-23 16:52 CET (GLOBE NEWSWIRE) -- Atlantic
Petroleum (OMX: FO-ATLA) is pleased to announce that 100% of the shareholders
in Emergy Exploration AS (“Emergy”) have accepted the offer from Atlantic
Petroleum to acquire the shares in Emergy announced on 13th November. Atlantic
Petroleum now holds 100% of the shares in Emergy and the company will be
renamed Atlantic Petroleum Norge AS. 



Ben Arabo, CEO of Atlantic Petroleum, said:"We are delighted to complete the acquisition of Emergy Exloration and to
welcome the Emergy organisation into the company. We look forward to
participate in the 22nd Norwegian licensing round and to grow our asset base in
Norway."



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. 33/2012

Issued 23-11-2012


         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