Related Party Trading

Tórshavn, Faroe Islands, 26th May 2010 - P/F Atlantic Petroleum (OMX:
FO-ATLA) announces related party trading. 

See attachment.

Further details can be obtained from Sigurð í Jákupsstovu, CEO, tel +298 350 100
(sigurdj@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 e-mail newsletter. 

Announcement  no. 12/2010		                                Issued 26-05-2010

P/F Atlantic Petroleum 		                            Telephone +298 350 100
Gongin 9		                                                     Fax +298 350 101
P.O. Box 1228		                                   Website: www.petroleum.fo
FO-110 Tórshavn 		                                Mail: petroleum@petroleum.fo
Faroe Islands