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2013-06-04 11:24:50 CEST 2013-06-04 11:25:48 CEST REGULATED INFORMATION Atlantic Petroleum P/F - FyrirtækjafréttirBrugdan 2 updateTórshavn, Faroe Islands, 2013-06-04 11:24 CEST (GLOBE NEWSWIRE) -- P/F Atlantic Petroleum (OMX: FO-ATLA) today announces that the Faroes Licence 006 operator Statoil and licence 006 partners Atlantic Petroleum and ExxonMobil are planning to return to the Brugdan 2 location in the first half of 2014, where operations were suspended late 2012. Atlantic Petroleum holds 1% equity in Faroes Licence 006. Statoil Færøyene AS is the operator with 50% equity and ExxonMobil Exploration and Production Faroe Islands Limited holds 49% equity in the licence. Ben Arabo, CEO, commented: “We are very much looking forward to returning to the Brugdan 2 location in the first half of 2014. The timing is good for AP, as the company is currently drilling the potentially very high impact Dunquin well in Ireland, and we expect to spud the UK Pegasus appraisal well later in 2013, followed by a possible Perth appraisal well late 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. 28/2013 Issued 04-06-2013 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 |
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