Atlantic Petroleum P/F - Viðskipti stjórnenda

CORRECTION: Insider Trading and Related Party Trading

Tórshavn, Faroe Islands, 21st October 2009 - P/F Atlantic Petroleum (OMX:
FO-ATLA) the international upstream oil and gas company, announces insider
trading and related party trading. 

Corrections have been made to Related parties' holdings after the transaction.
See attachments.

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. 40/2009		                                Issued 21-10-2009

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:

40-2009 notification of insider trading to nasdaqomx - teitur s - shares (2).pdf

40-2009 notification of related party trading to nasdaqomx - brandur t - shares (2).pdf

40-2009 notification of related party trading to nasdaqomx - bjørk t - shares (2).pdf