Updated Articles of Association

Tórshavn, Faroe Islands, 2016-05-04 13:50 CEST (GLOBE NEWSWIRE) --
Atlantic Petroleum (NASDAQ OMX: ATLA DKK & Oslo Stock Exchange: ATLA NOK)
announces that the company has registered updated Articles of Association with
the Faroese Company Register to reflect the decisions made by the General
Assembly 29th April, as set out in company release of 29 April 2016 regarding
the Result of the Annual General Meeting.

The updated Articles of Association are available on the company website.

Atlantic Petroleum in brief:

Atlantic Petroleum is a full cycle exploration and production (E&P) Group
focused on North West Europe. Atlantic Petroleum participates in joint ventures
with 20 reputable, international partners. Atlantic Petroleum P/F is based in
Tórshavn, Faroe Islands, and the Company has subsidiaries and offices in
London, UK and Bergen, Norway. 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
(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.10/2016

Issued 04-05-2016






P/F Atlantic Petroleum
Yviri við Strond 4
P.O. Box 1228
FO-110 Tórshavn
Faroe Islands

Telephone +44 208 834 1045
Fax +44 208 834 1125
Website: www.petroleum.fo
E-mail: petroleum@petroleum.fo