:Atlantic Petroleum P/F Company Announcement Atlantic Petroleum has ent

Tórshavn, Faroe Islands 25th July 2008 - Atlantic Petroleum (OMX: FO-ATLA) the international upstream oil and gas company, today announced that it has entered into an additional bridge loan facility amounting to DKK 100 million. The total bridge loan facilities entered into by the company now amount to a total of DKK 270 millions. The additional bridge loan facility will be used to finance Atlantic Petroleum's exploration and appraisal programme for 2008 in addition to further development drilling on the Chestnut and Ettrick Fields. This bridge loan facility shall be paid back at the end of 1st quarter 2009. The providers of the additional bridge loan facility are P/F Eik Banki and P/F Føroya Banki. Commenting on the additional bridge loan facility Wilhelm Petersen, Managing Director of P/F Atlantic Petroleum, said: "The... [read full story]