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Gold/Mining/Energy : ATPG Shareholders -- Ignore unavailable to you. Want to Upgrade?

To: billgatesisevil who wrote (205)	8/30/2012 3:57:36 PM
From: Area51	Read Replies (2) \| Respond to of 3620

If they can get production to aprox 39,000 BOEpd by the end of year (and I know it's a big if), wouldn't ATPG have sufficient cash flow (@90 - 100 oil) to service their debt, and fund enough capex to maintain production at 39K. At that point I would think you could make a good argument that the common equity holders should retain some interest in the re-organized company. Best Regards, A51 edit: A related question is what level of production would you need to justify 50% recovery on the bonds??