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Gold/Mining/Energy : ATPG Shareholders
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From: greatpricepearl9/21/2013 12:03:49 AM
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Thursday's hearing: the Court scheduled a hearing for October 17th for final approval of ATP asset sale. It will decide whether or not the acquisition company will be able to perform under the Debtor’s contracts that are going to be assigned to the acquisition company. DIP lender counsel reported that acquisition company, GOM Bid Co., LLC, is working with M&M lienholders and have resolved about half the M&M liens. DIP Lenders/GOM Bid Co. are working with BOEM for approval to operate in the Gulf. GOM Bid Co. hired DeGolyer and MacNaughton (D&M) to conduct a new reserve report for BOEM approval process. On September 26th the Court will conduct a hearing to establish discovery procedures for final asset sale hearing. This discovery is for those who have contracts with the Debtor that are being assigned to GOM Bid Co.
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