02/02/2012 16:04:17

Operations update January 2012

Tórshavn, Faroe Islands, 2012-02-02 17:04 CET (GLOBE NEWSWIRE) --

P/F Atlantic Petroleum (OMX: FO-ATLA) today announces that during the month of

January, Atlantic Petroleum produced a net total of 89,000 barrels of oil

equivalents (boe) from the Chestnut, Ettrick and Blackbird fields. The average

daily production was 2,871 boe per day net to the Company.

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. 02/2012

Issued 02-02-2012

P/F Atlantic Petroleum

Gongin 9

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

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