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

To: XoFruitCake who wrote (257)	8/31/2012 5:48:18 PM
From: billgatesisevil	Read Replies (1) \| Respond to of 3620

WifeyCEO would work. Nothing could be more terrifying than that. No, this is about a remark Koll made about the priority of the DIP lender. My argument is more with Koll, but this chap was being a pain. Koll was playing Coco. No useful info was coming out, and some uncivil things were, so I just took the ignore route. People can ignore me too if they want. I will not be offended and I could care less. I do not win all the time. Dura comes to mind. My call on the MCI preferred was correct, but it took until the final hearing to be right. Until then, it appeared I was wrong. I am human and screw up like everyone else.

To: XoFruitCake who wrote (257)	8/31/2012 6:26:25 PM
From: silkscreen12	1 Recommendation Read Replies (2) \| Respond to of 3620

Fair enough, I suppose. I don't have anything against being judged by the information or analysis I post. I hope you feel the same way. Israel Israel's a good place to start. 62 feet of pay is better than nothing, but not enough to be worth much in and of itself. There is no possibility of bringing the gas ashore through Noble's Mari-B platform for obvious competitive and capacity reasons. It is therefore unlikely that the find will be declared commercial and thus another well will have to be drilled within 4 months to keep the license. As things stand at the moment, further drilling within that time frame is unlikely. The most probable outcome is that a new operator will take over Shimshon and the other two licensed areas. One shouldn't expect much value there, I'm afraid. Telemark A-1 output is reasonable now that the A-2 isn't robbing it. The C and D sands are clearly wet and further Telemark reserve revisions are a real possibility. A lot of interested parties are going to be taking a really hard look at this company's reserves. The sustainability of B sand production at A-2 is unknown. The sharp decline in Morgus oil production and sharp increase in the water cut is alarming. The DIP lender (and everyone else who has a clue) will be monitoring the situation very closely indeed. Needless to say, the DIP lender will know first, others will know second, and the likes of me will tell the likes of you if and when we feel like it. Don't hold your breath on that one. Clipper Obviously crucial, which is why we are here is Chapter 11. The good news on that front is that there is some potential for an upside surprise on the reserves and ultimate recovery. Management is hoping and praying that that surprise materializes, and so should you boys because it’s exceedingly important for the survival of the business as a going concern. It will take months of production before the truth is know. Once again, the DIP lender will be the first to know. I could go on and on, but why should I? I look forward to your judgement, Mr. Fruitcake. Then tell me something I don’t know, and I’ll judge you.