Atlantic Petroleum Elects New Chairperson of Company's Board

Today P/F Atlantic Petroleum (NASDAQ OMX: ATLA DKK & Oslo Stock Exchange: ATLA NOK) subsequent to a Board Meeting held immediately following its Annual General Meeting (AGM) in Torshavn, Faroe Isles elected a new Chair of the Company’s Board.

Mr Henrik Olesen, appointed to the board at the earlier AGM, has beennominated and accepted the position of Chairperson of the Company’s Board and has been duly elected by unanimous vote of all Board members.

Further Details:

Further details can be obtained from Graeme Fawcett, CEO, tel +44 7720 29 66 49 (graemef@petroleum.fo). This announcement will be available, together with other information about Atlantic Petroleum, on the Company's website: www.petroleum.fo.

Announcement no.9/2018

Issued 04-30-2018