Tórshavn, Faroe Islands, 2014-02-04 21:30 CET (GLOBE NEWSWIRE) --
P/F Atlantic Petroleum (NASDAQ OMX & Oslo Børs: FO-ATLA & ATLA) announces that
NASDAQ OMX Iceland has today accepted the Company?s request from 13th November
2013 to remove the shares from trading on NASDAQ OMX Iceland. The delisting
will be effective as of close of trading on Friday 7th February 2014.
With reference to the Company's announcement from 12th December 2013 the
Company was informed that the delisting process had been delayed as NASDAQ OMX
Iceland were awaiting a determination from the Central Bank of Iceland on how
Icelandic investors in the Company could trade in the Company's shares
following the delisting. The Central Bank of Iceland has now responded to the
request and granted all shareholders in Atlantic Petroleum resident in Iceland
a right to sell their shares in the Company in Denmark and Norway for foreign
currency.
Following the delisting from NASDAQ OMX Iceland, the shares of Atlantic
Petroleum will be listed on NASDAQ OMX Copenhagen (primary listing) and Oslo
Børs.
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 42 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, NASDAQ OMX Iceland and on Oslo Børs.
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.08/2014
Issued 04-02-2014
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