Atlantic Petroleum P/F - AGM Information 2019

Atlantic Petroleum AGM Results

Tórshavn, Faroe Islands, 2019-05-01 11.30 GMT (GLOBE NEWSWIRE) -- P/F Atlantic

Petroleum (NASDAQ OMX: ATLA DKK & Oslo Stock Exchange: ATLA NOK)

The Company's Annual General Meeting (AGM) was concluded on April 30(th), 2019,

with the following conclusions based upon the previously announced agenda:

* Petur-Even Djurhuus was elected Chairman of the Meeting.

* Audited Annual Accounts were approved.

* The remuneration level for the Board in 2018 and the proposed amount for

2019 was approved.

* The existing board members were confirmed as elected to the Board of

Directors for the next period.

* P/F Januar løggilt grannskoðaravirki was confirmed as auditor for the next

period and will sit until the next Annual General Meeting in 2020.

* Under Any Other Business the Company's approach to re-financing was

presented. Further agreement will be subject to the necessary shareholder

approval before confirmation.

Atlantic Petroleum in brief:

Atlantic Petroleum participates in oil and gas joint ventures with reputable,

international partners. Atlantic Petroleum P/F is based in Tórshavn, Faroe

Islands, and the Company currently has subsidiaries and offices in the UK and

Norway. Atlantic Petroleum's shares are listed on NASDAQ OMX Copenhagen and on

the Oslo Stock Exchange.

Further Details:

Further details can be obtained from Graeme FAWCETT, CEO,

([email protected]). This announcement will be available, together with other

information about Atlantic Petroleum, on the Company's website:

www.petroleum.fo.

Announcement no.: 8/2019

Issued: 01-05-2019

P/F Atlantic Petroleum

Yviri vio Strond 4

P.O.Box 1228

FO-110 Torshavn

Faroe Islands

Website: www.petroleum.fo

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