Atlantic Petroleum P/F - Capital/Financing Update 2017

Atlantic Petroleum Issues Convertible Instruments and Updates its Articles of Association

Tórshavn, Faroe Islands, 2017-05-05 12:34 CEST (GLOBE NEWSWIRE) --

Referring to Announcement no 3/2017 on debt refinancing and the issue of

convertible instruments to London Oil and Gas, the Board of Atlantic Petroleum

(NASDAQ OMX: ATLA DKK & Oslo Stock Exchange: ATLA NOK) has decided to use the

authority under the company?s Articles of Association secion 3E to issue a

further DKK 866,900 in convertible instruments to London Oil and Gas.

As per 5th May the company has drawn GBP 979,903 or DKK 8.611.504,69 of the

loan facility.

Atlantic Petroleum has registered updated Articles of Association as attached

to this release. The revised Articles of Association are also available on the

company website.

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 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 Ben Arabo, CEO, tel +298 550100

([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.10/2017

Issued 05-05-2017

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

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