Atlantic Petroleum P/F — Call Transcript 2014

May 20, 2014

Live Webcast/Conference Call 21st May 2014

Live Webcast/Conference Call 21st May 2014

Local timezones:

Tórshavn/London 10 AM; Oslo/Copenhagen 11 AM

Tórshavn, Faroe Islands, 2014-05-20 17:48 CEST (GLOBE NEWSWIRE) --

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

ATLA NOK) today announces that in connection with the publication of the 1Q

2014 Condensed Consolidated Interim Report Atlantic Petroleum will host a live

webcast followed by a conference call.

Live webcast/Conference Call:

In connection with the publication of the 1Q 2014 Condensed Consolidated

Interim Report Atlantic Petroleum will host a live webcast followed by a

conference call.

The live webcast/conference call will take place on Wednesday 21st May 2014 at

the local time stated below:

-- Tórshavn/London 10 AM

-- Oslo/Copenhagen 11 AM

To view the live webcast please enter our website www.petroleum.fo and follow

the link. For investors and analysts wishing to ask the Group representative

questions the call-in details are as follows:

Denmark: +45 70 25 23 00

International: +44 208 817 9311

Audience Passcode: 8990 9462#

Details will be available on the Company's website www.petroleum.fo.

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 45 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

2016, 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 Stock Exchange.

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.24/2014

Issued 20-05-2014

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: petroleum@petroleum.fo