With reference to the Company's announcement from 13th November 2013 regarding the Company's application for a delisting from NASDAQ OMX Iceland we have been informed that the delisting process has been delayed as NASDAQ OMX Iceland is awaiting a determination from the National Bank of Iceland on how Icelandic investors in the Company can trade in the Company's shares following a delisting. The Company still expects a delisting shortly.
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.
Atlantic Petroleum in brief
Atlantic Petroleum is a full cycle exploration and production (E&P) Group. The asset portfolio spans the full-cycle E&P value chain of exploration, appraisal and development through to production, and is located in some of the world's most prolific hydrocarbon basins. Main focus is offshore North West Europe where the Group can provide steady growth from the existing asset base and is prepared to acquire new assets. Atlantic Petroleum has a total of 44 oil and gas licences in the UK, Norway, Faroe Islands, Ireland and the Netherlands, producing oil & gas from three fields in the UK part of the North Sea. Three fields are under development or near development. Atlantic Petroleum participates in joint ventures containing around 30 high quality partners. With a strong operating cash flow the Group is well positioned for further growth. Atlantic Petroleum's shares are listed on NASDAQ OMX Iceland, NASDAQ OMX Copenhagen and Oslo Børs.
Announcement no. 57/2013
Issued 12-12-2013
P/F Atlantic Petroleum Yviri við Strond 4, 3rd Floor P.O. Box 1228 FO-110 Tórshavn Faroe Islands
Telephone +298 350 100 Website: www.petroleum.fo E-mail: petroleum@petroleum.fo
© 2013 GlobeNewswire
