Tórshavn, Faroe Islands, 2011-01-14 10:49 CET (GLOBE NEWSWIRE) -- P/F Atlantic Petroleum (OMX: FO-ATLA) announces that Atlantic Petroleum UK Limited the Company’s wholly owned subsidiary has today signed an agreement with Nexen Petroleum U.K. Limited to acquire an additional 4.18139% equity share in the Perth discovery.
Completion of the agreement is subject to receipt of all required waivers, consents and approvals.
Atlantic Petroleum UK Limited currently owns a 6.61765% interest in the Perth discovery.
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.
Announcement no. 2/2011
Issued 14-01-2011
P/F Atlantic Petroleum
Gongin 9
P.O. Box 1228
FO-110 Tórshavn
Faroe Islands
Telephone +298 350 100
Fax +298 350 101
Website: www.petroleum.fo
E-mail: petroleum@petroleum.fo