Introduction of an Incentive Programme

| Source: P/F Atlantic Petroleum P/F Atlantic Petroleum 

The Board of Directors of P/F Atlantic Petroleum has granted the management,
selected employees and retainers 5,628 warrants at a total nominal value of DKK
562,800 for subscription in P/F Atlantic Petroleum at a price of DKK 625 per
share. P/F Atlantic Petroleum is a lean network organisation and this warrant
programme is an important part of the company's business plan to foster loyalty
and commitment from staff.

Attachments

22-03-2007 announcment on introduction of an incentive programme.pdf