Atlantic Petroleum P/F — Share Issue/Capital Change 2014

Jan 13, 2014

P/F Atlantic Petroleum ? Registration of share capital increase

P/F Atlantic Petroleum ? Registration of share capital increase

Tórshavn, Faroe Islands, 2014-01-13 11:46 CET (GLOBE NEWSWIRE) --

Reference is made to the stock exchange notice of 10th January 2014 regarding

the exercise of the over-allotment right in connection with the initial public

offering of Atlantic Petroleum (OMX: ?FO-ATLA?, OSE: ?ATLA?) on Oslo Børs.

Atlantic Petroleum is pleased to announce that the capital increase of 21,157

new shares with a nominal value of DKK 100 each and a subscription price of NOK

140 pursuant to the exercise of the over-allotment right has been registered

with the Faroese Company Registration authority. The issued share capital in

Atlantic Petroleum following the share issue is DKK 369,786,000 consisting of

3,697,860 fully paid shares, each with a nominal value of DKK 100. The new

shares are validly issued, fully paid up and non-assessable.

The new shares will be admitted to trading and official listing on NASDAQ OMX

and Oslo Børs under the same ISIN code as the Company's existing shares. First

day of trading is expected to commence on Oslo Børs as soon as the shares have

been registered in Verdipapirsentralen ASA ("VPS") and on NASDAQ OMX expectedly

on 15th January 2014.

***

Important Notice:

The information contained herein shall not constitute an offer to sell or the

solicitation of an offer to buy, nor shall there be any sale of the securities

referred to herein in any jurisdiction in which such offer, solicitation or

sale would be unlawful prior to registration, exemption from registration or

qualification under the securities laws of any such jurisdiction and subject to

a prospectus being approved and made public. Investors must neither accept any

offer for, nor acquire, any securities to which this press release refers,

unless they do so on the basis of the information contained in the prospectus

published by Atlantic Petroleum in connection with the Offering.

Copies of this press release are not being made and may not be distributed or

sent into the United States, Australia, Canada, Japan or any other jurisdiction

in which such distribution would be unlawful or would require registration or

other measures.

The securities referenced herein have not and will not be registered under the

U.S. Securities Act of 1933, as amended (the ?Securities Act?), and may not be

offered or sold in the United States absent registration or an exemption from

the registration requirements of the Securities Act. The Company does not

intend to register any part of the contemplated offering in the United States

or to conduct a public offering of securities in the United States.

Any offering of securities will be made by means of a prospectus that is

available from the Company and that will contain detailed information about

Atlantic Petroleum and its management, as well as financial statements. This

document is a press release and not a prospectus for the purposes of Directive

2003/71/EC (together with any applicable implementing measures in any Member

State, the ?Prospectus Directive?). Investors should not subscribe for any

securities referred to in this document except on the basis of information

contained in a prospectus.

In any EEA Member State other than Norway and Denmark that has implemented the

Prospectus Directive, this communication is only addressed to and is only

directed at qualified investors in that Member State within the meaning of the

Prospectus Directive, i.e., only to investors who will be able to receive the

contemplated offer without an approved prospectus in such EEA Member State.

This communication is directed only at (i) persons who are outside the United

Kingdom or (ii) persons who have professional experience in matters relating to

investments falling within Article 19(5) of the Financial Services and Markets

Act 2000 (Financial Promotion) Order 2005 (the "Order") and (iii) high net

worth entities, and other persons to whom it may lawfully be communicated,

falling within Article 49(2) of the Order (all such persons together being

referred to as "relevant persons").

Any investment activity to which this communication relates will only be

available to and will only be engaged with, relevant persons. Any person who is

not a relevant person should not act or rely on this press release or any of

its contents.

Stabilisation/FCA

The Joint Global Coordinators and the Stabilisation Manager and their

affiliates are acting exclusively for Atlantic Petroleum and no-one else in

connection with the Offering. They will not regard any other person as their

respective clients in relation to the contemplated Offering and will not be

responsible to anyone other than Atlantic Petroleum for providing the

protections afforded to their respective clients, nor for providing advice in

relation to the Offering, the contents of this communication or any

transaction, arrangement or other matter referred to herein.

In connection with the Offering, the Joint Global Coordinators and the

Stabilisation Manager and any of their affiliates, acting as investors for

their own accounts, may purchase shares and in that capacity may retain,

purchase, sell, offer to sell or otherwise deal for their own accounts in such

shares and other securities of Atlantic Petroleum or related investments in

connection with the Offering or otherwise. Accordingly, references in the

prospectus to the shares being offered, acquired, placed or otherwise dealt in

should be read as including any offer to, acquisition, placing or dealing by,

such Joint Global Coordinators and the Stabilisation Manager and any of their

affiliates acting as investors for their own accounts. The Joint Global

Coordinators and the Stabilisation Manager do not intend to disclose the extent

of any such investment or transactions otherwise than in accordance with any

legal or regulatory obligations to do so.

This press release contains forward-looking statements. Forward-looking

statements are statements that are not historical facts and may be identified

by words such as ?believe,? ?expect,? ?anticipate,? ?intends,? ?estimate,?

?will,? ?may,? "continue," ?should? and similar expressions. The

forward-looking statements in this release are based upon various assumptions,

many of which are based, in turn, upon further assumptions. Although Atlantic

Petroleum believes that these assumptions were reasonable when made, these

assumptions are inherently subject to significant known and unknown risks,

uncertainties, contingencies and other important factors which are difficult or

impossible to predict and are beyond its control. Such risks, uncertainties,

contingencies and other important factors could cause actual events to differ

materially from the expectations expressed or implied in this release by such

forward-looking statements.

The information, opinions and forward-looking statements contained in this

release speak only as at its date, and are subject to change without notice

Atlantic Petroleum disclaims any obligation to update and revise any

forward-looking statements, whether as a result of new information, future

events or otherwise.

This information is subject to disclosure requirements pursuant to section 5-12

of the Norwegian Securities Trading Act.

About Atlantic Petroleum

Atlantic Petroleum is a full cycle exploration and production (E&P) Group

focused on North West Europe. Atlantic Petroleum currently holds 44 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

2015, 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 shares

are listed on NASDAQ OMX Copenhagen and Iceland and on Oslo Børs.

Announcement no.04/2014

Issued 13-01-2014

P/F Atlantic Petroleum

Yviri við Strond 4, 3rd Floor

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