Atlantic Petroleum P/F - Fyrirtækjafréttir

Operation update February 2011

Tórshavn, Faroe Islands, 2011-03-02 15:48 CET (GLOBE NEWSWIRE) -- P/F Atlantic
Petroleum (OMX: FO-ATLA) today announces that during the month of February,
Atlantic Petroleum produced a net total of 69,000 barrels of oil equivalents
(boe) from the Chestnut and Ettrick fields. The average daily production was
2,464 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. 7/2011

Issued 02-03-2011