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Gold/Mining/Energy : ATPG Shareholders

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To: Flipper2058 who wrote (294)	9/2/2012 12:17:44 PM
From: mrpanick	Read Replies (2) of 3620

Let me post an admittedly very speculative response and welcome some criticism of it in advance: 1. Perhaps they Could sell assets during the bankruptcy process Even with the DIP the company is still asset rich and cash poor. Oil prices are at elevated levels. Seems like the right thing to do would be to sell under developed assets such as Israeli and / or UK assets. It's my understanding that these assets are not pledged to secure the DIP? Even if they are pledged, it would still be possible to sell stuff after getting permission. 2. Could UK Be Financed Separately During Bankruptcy? ATP's press release indicates that the UK subsidiary is not part of the bankruptcy process and it's my understanding it's not DIP collateral. Is there anything stopping this subsidiary from obtaining funding on it's own to complete the project. The UK subdsidiary has valuable assets and has spent much money to plan and start developing the necessary infrastructure to exploit these assets. Seems like the subsidiary should be able to get financing (using collateral at the subsidiary) or perhaps find a joint venture partner to complete the project with oil at current prices.

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