Atlantic Petroleum P/F: 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 ([e-mail]). 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 [phone]
         Website: www.petroleum.fo
         E-mail: [e-mail]