Tórshavn, Faroe Islands, 2013-12-04 19:18 CET (GLOBE NEWSWIRE) -- P/F Atlantic Petroleum announces that the Board of Directors of Oslo Børs today resolved to admit the shares in P/F Atlantic Petroleum for listing on Oslo Børs. The Board has stipulated that the Company prior to the first day of listing must satisfy the requirement for having 200 shareholders registered in the Norwegian Central Securities Depository (VPS). If the requirement for the number of shareholders is not met, the Company will be accepted for listing on Oslo Axess, provided that the requirement of having 100 shareholders registered in the VPS is satisfied. The Board has authorised the Chief Executive Officer of Oslo Børs to decide whether the Company should be listed on Oslo Børs or Oslo Axess.
About Atlantic Petroleum
Atlantic Petroleum is a full cycle exploration and production (E&P) Group focused on North West Europe. Atlantic Petroleum currently holds 40 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 existing shares are listed on NASDAQ OMX Copenhagen and NASDAQ OMX Iceland. The Company has applied for a delisting from NASDAQ OMX Iceland, which is expected to be effective shortly after completion of the Offering on Oslo Børs.
Announcement no. 51/2013