SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : ATPG Shareholders
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: BuckeyeOil who wrote (2968)4/16/2013 6:48:59 PM
From: Kramer385 Recommendations  Read Replies (2) of 3620
 
Sorry to burst your bubble, but when the court said all of ATP's shelf and deepwater assets, they meant exactly that. This issue was settled back in February. Here is the court order.

Order (A) Approving (i) Bidding Procedures; (ii) Bid Protections; (iii) Auction Procedures; and (iv) Assumption and Assignment Procedures; (B) Approving Notice Procedures for (i) the Solicitation of Bids; and (ii) an Auction; (C) Scheduling Hearings on Approval of a Sale or Sales of Substantially All of the Debtor's Deepwater Property Assets; and (D) Granting Related Relief

In the motion ATP filed when requesting this approval, it said in requesting the court to enter a Sale Order, "Authorizing and approving the sale of substantially all of the Debtors remaining assets and related assets and the Purchased Equity (collectively the "Deepwater Assets")."

All of ATP's producing properties, non-producing leases, platforms, pipelines executory contracts etc, are all on the auction block to be held April 23. I can attest to this because I received the order and have a hard copy of the exhibits. The only way ATP will hold on to Clipper or any other asset is if nobody bids on the asset or the court decides the bids are not acceptable.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News