Tórshavn, Faroe Islands, 2014-03-03 13:37 CET (GLOBE NEWSWIRE) --
P/F Atlantic Petroleum (OMX: FO-ATLA CSE & Oslo Børs: ATLA) today announces
that during the month of February, Atlantic Petroleum produced a net total of
59,000 barrels of oil equivalents (boe) from the Chestnut, Ettrick and
Blackbird fields. The average daily production was 2,107 boe per day net to the
Company.


Atlantic Petroleum in brief:


Atlantic Petroleum is a full cycle exploration and production (E&P) Group
focused on North West Europe. Atlantic Petroleum currently holds 40 oil and gas
licences in the UK, Norway, Faroe Islands, Ireland and the Netherlands, and has
three fields in production in the UK part of the North Sea. In addition to
this, the Group has one field under development with first oil expected in
2015, two additional potential development projects and a substantial number of
exploration prospects. Atlantic Petroleum participates in joint ventures with
30 reputable, international partners. Atlantic Petroleum’s main office is
located in Tórshavn, Faroe Islands, and the Company has subsidiaries and
technical offices in London, UK and Bergen, Norway. Atlantic Petroleum’s
existing shares are listed on NASDAQ OMX Copenhagen and on Oslo Børs.


Further Details:

Further details can be obtained from Ben Arabo, CEO, tel +298 350100
([email protected]). 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.12/2014

Issued 03-03-2014

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: [email protected]