Atlantic Petroleum P/F — Board/Management Information 2017

Nov 22, 2017

Atlantic Petroleum Announces New Interim CEO

Atlantic Petroleum Announces New Interim CEO

Torshavn, Faroe Islands, 2017-11-22 17:03 CET (GLOBE NEWSWIRE) --

Atlantic Petroleum (NASDAQ Copenhagen: ATLA DKK & Oslo Stock Exchange: ATLA

NOK) today announces that Graeme Fawcett will replace Ben Arabo as Interim CEO

when Ben Arabo leaves the company 1st December.

Graeme Fawcett has got more than 30 years? experience in the oil and gas

industry working on assets in Europe, Africa, Asia and Australia for a

multitude of companies such as Total, Tullow Oil and Technip. Graeme Hs been an

adviser to London Power Corporation since July 2017.

Birgir Durhuus, Chairman of Atlantic Petroleum said:

?We are very pleased to welcome Graeme Fawcett to Atlantic Petroleum. The

company has gone through a period where the focus was to monetise the remaining

main asset and to manage liabilities. The focus for the new Interim CEO is to

evaluate the strategic options Atlantic Petroleum has including M&A options or

a sale of the company. We are encouraged by the improving market conditions and

we look forward to benefit from Graeme?s wealth of experience. We look forward

to updating the market further when Graeme Fawcett takes up his position ?

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 has subsidiaries in the UK, Ireland and Norway and an

office in London, UK. Atlantic Petroleum?s existing shares are listed on NASDAQ

OMX Copenhagen and on Oslo Stock Exchange.

Further Details:

Further details can be obtained from Graeme Fawcett, Interim CEO, tel +44

7720296649 (graemef@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.15/2017

Issued 22-11-2017

P/F Atlantic Petroleum

Yviri við Strond 4

P.O. Box 1228

FO-110 Tórshavn

Faroe Islands

Telephone +44 203 397 6353

Website: www.petroleum.fo

E-mail: petroleum@petroleum.fo