Enclosed is a presentation of Atlantic Petroleum 1Q results 2008. Atlantic Petroleum is participating in an Investor conference arranged by the OMX Nordic Exchange and Max Bank in Næstved in Denmark the 27th May 2008. 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. On the website, it is also possible to sign up for the Company e-mail newsletter. Issued 26.05.2008 P/F Atlantic Petroleum Telephone +298 350 100 Gongin 9 Fax +298 350 101 P.O.Box 1228 petroleum@petroleum.fo Fo-110 Tórshavn www.petroleum.fo Faroe Islands