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Gold/Mining/Energy : ATPG Shareholders

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To: Kramer38 who wrote (3033)4/25/2013 9:31:31 PM
From: BuckeyeOil   of 3620
 
Quoted from ATP release.....Sorry so small I dont know how to fix size....16,000 MBOE NET TO ATP...That is after accounting for what you deducted an additional 25.5%......I also looked up the hedging activity and most of ATP oil this year looks to be in the range of $96.50.....Also if a couple of the maintenance items and workovers are finished that adds a little to production....Bottom line is it may not be as high as the $85 million I had , but it will sure be way over the $52 - $55 mil you cam up with.....My overall point is that with anything in the range of $60....$70 million per month, you are talking about a company that needs to RESTRUCTURE and can and will pay LOTS more money to everyone involved and it is the courts duty to see that this is what happens.....Remember the platform can handle even more and another well could be drilled...This and BP settlement, bond holder deal and you can see the light at the end of the tunnel real easy......

"The wells were completed and tested at a combined rate of 16 MBoe per day, net to ATP, in 2011. "...
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