Tórshavn, Faroe Islands 1st June 2007 - Atlantic Petroleum (OMX: FO-ATLA) the international upstream oil and gas company, today announced the following: Under section 17(2) of the Danish Executive Order no. 226 of 15th March 2007 on the disclosure requirements of issuers on OMX Copenhagen Stock Exchange, we hereby announce that, as of today, P/F Atlantic Petroleum's share capital totals DKK 112,573,000 divided into 1,125,730 shares of DKK 100 corresponding to 1,125,730 voting rights. Further Details Further details can be obtained from Wilhelm Petersen, Managing Director, tel +298 350 100 (wilhelmp@petroleum.fo) or Teitur Samuelsen, Financial Manager, tel +298 350 100 (teiturs@petroleum.fo). This announcement will be available, together with other information about Atlantic Petroleum, on the company's website: www.petroleum.fo.