Atlantic Petroleum P/F - Fyrirtækjafréttir

Atlantic Petroleum Entering the Netherlands

Tórshavn, Faroe Islands, 2012-12-07 20:04 CET (GLOBE NEWSWIRE) -- P/F Atlantic
Petroleum (OMX: FO-ATLA) today announces, through its wholly owned subsidiary
Volantis Netherlands BV, the Company is obtaining a six per cent interest in
Licences E1, E2, E4, and E5 offshore Netherlands. 

The licences are operated by Centrica and lie adjacent to UK/Netherlands border
in approximately 35 - 40m of water. The licences are also adjacent to UKCS
Licence P.1899, awarded in December 2012 to Atlantic Petroleum, Centrica and
GdF Suez in the UKCS 26th Round and lie approximately 50 km NE of the Cygnus
Field. 

Ben Arabo CEO of Atlantic Petroleum comments:

“Atlantic Petroleum is pleased to be entering into the Dutch sector of the
Southern North Sea. With these licences, we will continue to chase the plays we
have been developing in the UK sector of the basin.” 



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. 40/2012

Issued 07-12-2012


         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