Atlantic Petroleum P/F — Board/Management Information 2016

Dec 9, 2016

Atlantic Petroleum makes Board and Management Nominations

Atlantic Petroleum makes Board and Management Nominations

Tórshavn, Faroe Islands, 2016-12-09 07:50 CET (GLOBE NEWSWIRE) --

P/F Atlantic Petroleum (NASDAQ OMX Copenhagen: ATLA DKK and Oslo Stock

Exchange: ATLA NOK) is pleased to announce that pursuant to the Loan Agreement

with London Oil and Gas announced 25th May 2016, Mr David Peattie has been

nominated as candidate for the Board of Directors of Atlantic Petroleum.

David is a highly experienced oil and gas professional with over 35 years?

industry experience. Most recently, David was CEO of Fairfield Energy, an oil &

gas company owned by a syndicate of North American and European private equity

investors, led by Riverstone and Warburg Pincus. David began his career at BP

in 1979 as a petroleum engineer and during his 33 year tenure at the company

held a number of technical, commercial and senior management positions

including Head of BP Russia responsible for BP?s interests in TNK-BP as well as

its businesses in the Russian Arctic and Sakhalin. In addition, he was BP?s

lead Director on the board of TNK-BP.

David is currently Non-Executive Chairman of UK focused Independent Oil and Gas.

David has a B.Sc. (Hons.) degree and is a Chartered Engineer and Member of the

Institute of Materials, Minerals and Mining.

An Extraordinary General Meeting will be called in the near future to formalise

this appointment.

Also, pursuant to the Loan Agreement with London Oil and Gas Clint Redman will

be joining Atlantic Petroleum in December as Head of Corporate Finance.

Clint has worked in the investment banking industry for 35 years covering a

wide range of markets from equities through to financial futures. His core

skills however have been in the fixed income and corporate finance markets

where he has created some innovative products that have changed the face of

funding for the corporate market.

Clint has worked across the globe from Tokyo to New York for some of the

world?s largest investment banks which include Goldman Sachs, Oppenheimer,

Drexel Burnham, and Lehman Brothers and brings a wealth of knowledge and

contacts.

In the early 80?s Clint had the honour of transacting the very first trade ever

done on the LIFFE market.

Ben Arabo CEO said:

?We are very pleased to be able to announce that David Peattie and Clint Redman

will be joining Atlantic Petroleum, and I look forward to be working with David

and Clint on our future expansion and on delivering the value from Orlando &

Kells. David?s experience from Europe, Russia and the Eurasian region will be

of great benefit to Atlantic Petroleum and I also look forward to draw on

Clint?s experience in providing innovative funding models for upstream

projects.?

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 London, UK

and Bergen, Norway. Atlantic Petroleum?s existing shares are listed on NASDAQ

OMX Copenhagen and on Oslo Stock Exchange.

Further Details:

Further details can be obtained from Ben Arabo, CEO, tel +298 550100

(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.20/2016

Issued 09-12-2016

P/F Atlantic Petroleum

Yviri við Strond 4

P.O. Box 1228

FO-110 Tórshavn

Faroe Islands

Telephone +44 203 879 0524

Website: www.petroleum.fo

E-mail: petroleum@petroleum.fo