Atlantic Petroleum P/F - Company Announcement

Further four licences offered for award in the UK 27th Round

Tórshavn, Faroe Islands, 2013-11-29 15:39 CET (GLOBE NEWSWIRE) -- Atlantic
Petroleum (OMX: FO-ATLA) today announces that Atlantic Petroleum UK Limited (a
wholly owned subsidiary of P/F Atlantic Petroleum) has been offered for award a
further four licences in the UK 27th Round. The licence details are as follows: 



  -- Blocks 42/2 (split), 42/3 (split), 42/7, 42/8b and 42/9b. Centrica
     Resources Limited (Operator) 45%, Atlantic Petroleum UK Limited 10%, and
     GDF Suez E&P Ltd 45%
  -- Blocks 42/21 and 42/22 (split). Centrica Resources Limited (Operator) 90%
     and Atlantic Petroleum UK Limited 10%
  -- Block 43/12. Centrica Resources Limited (Operator) 90% and Atlantic
     Petroleum UK Limited 10%
  -- Blocks 43/29 (part), 43/30b (part), 48/4b (part), 48/5 (part) Centrica
     Resources Limited (Operator) 40%, Atlantic Petroleum UK Limited 20% and
     Holywell Resources Limited 40%



These four licences together with the four licences awarded in 2012 in the
first tranche bring the total 27th Round awards to eight. Atlantic Petroleum
applied for nine licences. 



The application for licenses in the UK 27th Round has been described in the
Prospectus published on the 26th November 2013 in connection with the offering
and listing of the Company's shares on Oslo Børs. 



The award of the licences does not affect the Company's financial position or
guidance for 2013. 



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. 49/2013

Issued 29-11-2013


         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