ATP Resumes Recompletion Operations at Telemark Hub’s A-2 Well
01 Juin 2012 - 1:30PM
Business Wire
ATP Oil & Gas Corporation (NASDAQ:ATPG) today announced that
it has resumed recompletion operations at the Mississippi Canyon
(MC) 941 A-2 well at the company’s Telemark Hub. The recompletion
was suspended while the company recovered a piece of tubing that
was stuck in the casing. All of the tubing has now been removed
from the casing. The MC 941 A-2 recompletion operations to
perforate and frac-pack the B upper and lower sands are expected to
conclude during second quarter 2012. MC 941 is located in the
Mirage Field at the Telemark Hub location utilizing the ATP Titan
floating drilling and production platform.
ATP operates the ATP Titan and Telemark Hub which is in
approximately 4,000 feet of water with a 100% working interest and
holds a 100% ownership in ATP Titan LLC which owns the ATP Titan
and associated pipelines and infrastructure.
About ATP Oil & Gas
Corporation
ATP Oil & Gas is an international offshore oil and gas
development and production company with operations in the Gulf of
Mexico, Mediterranean Sea and the North Sea. The company trades
publicly as ATPG on the NASDAQ Global Select Market. For more
information about ATP Oil & Gas Corporation, visit
www.atpog.com.
Forward-looking Statements
Certain statements included in this news release contain
"forward-looking statements" within the meaning of the “safe
harbor” provisions of the Private Securities Litigation Reform Act
of 1995, Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934. ATP cautions
that assumptions, expectations, projections, intentions, plans,
beliefs or similar expressions used to identify forward-looking
statements about future events may, and often do, vary from actual
results and the differences can be material from those expressed or
implied in such forward looking statements. Some of the key factors
which could cause actual results to vary from those ATP expects
include, without limitation, volatility in commodity prices for
crude oil and natural gas, the timing of planned capital
expenditures, availability of acquisitions, uncertainties in
estimating reserves and forecasting production results, operational
factors affecting the commencement or maintenance of producing
wells, the condition of the capital markets generally, as well as
ability to access them, and uncertainties regarding environmental
regulations or litigation and other legal or regulatory
developments affecting its business. ATP assumes no obligation and
expressly disclaims any duty to update the information contained
herein except as required by law. More information about the risks
and uncertainties relating to ATP's forward-looking statements is
found in the company's SEC filings or website, www.atpog.com.
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