Atlantic Petroleum announces that the 20/2a-P1 Ettrick Development well has been spudded. The well is the first of a series of four development wells to be drilled back to back in 2007 on the Ettrick Field.

The well is being drilled by the Borgsten Dolphin semisub in 366 feet of water. The well is a high angle well, will intersect the Upper Jurassic Ettrick sandstone reservoir target and is expected to reach a total depth of approximately 12, 240 feet MD.

The well will be suspended as producer prior to being tied back to the floating production storage and offloading vessel Aoka Mizu. The well will be followed by the drilling of two further production wells and one water injection well o the field. A further one or two development wells will be drilled later in field life dependent on field performance.

Wilhelm Petersen, Managing Director of P/F Atlantic Petroleum said, "We are very pleased to announce the start of our 2007 drilling campaign, which is anticipated to include at least six wells, including both development and exploration wells. The development of Ettrick Field has reached another milestone towards the first oil date in 2008."