Result of the Annual General Meeting 28th April 2017

Tórshavn, Faroe Islands, 2017-04-28 16:18 CEST (GLOBE NEWSWIRE) -- Today P/F Atlantic Petroleum  (NASDAQ OMX: ATLA DKK & Oslo Stock Exchange: ATLA NOK) held the Annual General Meeting in Tórshavn, Faroe Islands.   

1. Petur Even Djurhuus was elected Chairman of the Meeting.
2. The CEO presented the Board of Director's and management's statement of the Company's activity during 2016.
3. The audited Annual Accounts were presented and approved by the General Meeting.
4. The General Meeting approved the remuneration to the Board in A: 2016 and B: 2017.
5. It was decided to carry forward the result from 2016 to the next year.
6. According to the Articles of Association all Members of the Board are up for election for a period of one year, namely: Knud H. Nørve, Jan Müller, and David A. MacFarlane. The Board proposed that Charles Hendry, Birgir Durhuus, and Ben Arabo be elected. The General Meeting elected the board members proposed by the Board.
7. As proposed it was decided to elect P/F Januar løggilt grannskoðaravirki, Óðinshædd 13, 100 Tórshavn, as auditors, for the period until the next Annual General Meeting.  

Atlantic Petroleum in brief:

Atlantic Petroleum participates in oil and gas joint ventures with reputable, international partners. Atlantic Petroleum P/F is based in Tórshavn, Faroe Islands, and the Company currently has an office in London, UK. Atlantic Petroleum's existing shares are listed on NASDAQ OMX Copenhagen and on Oslo Stock Exchange.

Further Details:

Further details can be obtained from Ben Arabo, CEO, tel +298 550100 (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.8/2017

Issued 28-04-2017

         P/F Atlantic Petroleum
         Yviri við Strond 4
         P.O. Box 1228
         FO-110 Tórshavn
         Faroe Islands
         
         Telephone +44 203 879 0524
         Website: www.petroleum.fo
         E-mail: petroleum@petroleum.fo